Amcomp Inc /Fl - Additional Proxy Soliciting Materials (definitive) (DEFA14A)
2008年8月30日 - 6:08AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
SCHEDULE 14A
(Rule
14a-101)
INFORMATION
REQUIRED IN PROXY STATEMENT
SCHEDULE
14A INFORMATION
Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
(Amendment
No. )
Filed by
the Registrant
x
Filed by
a Party other than the Registrant
o
Check the
appropriate box:
o
Preliminary
Proxy Statement
¨
Confidential,
for Use of the Commission Only (as permitted by Rule14a-6(e)(2))
¨
Definitive
Proxy Statement
x
Definitive
Additional Materials
o
Soliciting
Material Under Rule 14a-12
|
(Name
of Registrant as Specified in Its Charter)
|
|
|
(Name
of Persons(s) Filing Proxy Statement, if Other Than the
Registrant)
|
Payment
of Filing Fee (Check the appropriate box):
x
No
fee required.
¨
Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
(1) Title
of each class of securities to which transaction applies:
(2) Aggregate
number of securities to which transaction applies:
|
(3)
|
Per
unit price or other underlying value of transaction computed pursuant to
Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was
determined):
|
(4) Proposed
maximum aggregate value of transaction:
(5) Total
fee paid:
¨
Fee
paid previously with preliminary materials:
¨
Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
(1) Amount
previously paid:
(2) Form,
Schedule or Registration Statement No.:
(3) Filing
Party:
(4) Date
Filed:
THIS
FILING CONSISTS OF A PRESS RELEASE ISSUED BY THE REGISTRANT ON AUGUST 29,
2008.
AmCOMP
and Employers Holdings Amend Merger Agreement, Receive Approval of Florida
Office of Insurance Regulation
AmCOMP
Settles Outstanding Excessive Profits Filings
NORTH PALM BEACH, Fla., August 29,
2008
--AmCOMP Incorporated (“AmCOMP” or the “Company”) (Nasdaq:AMCP)
announced today that it has entered into an amendment to the merger agreement
providing for the acquisition of AmCOMP by Employers Holdings, Inc.
(“EMPLOYERS”) (NYSE:EIG). Under the amended merger agreement, which has been
approved by the boards of directors of both companies, holders of AmCOMP's
approximately 15 million common shares outstanding will receive consideration of
$12.15 per share in cash. AmCOMP’s Board of Directors approved the amendment to
the merger agreement in light of the terms of its settlement of outstanding
excessive profits matters with the Florida Office of Insurance Regulation (the
“Florida OIR”) as described below. The Florida OIR also approved EMPLOYERS'
acquisition of AmCOMP pursuant to the amended merger agreement. Accordingly, in
connection with the amendment to the merger agreement, EMPLOYERS has
acknowledged and agreed that neither the Consent Order, dated August 29, 2008,
executed in connection with the settlement of AmCOMP's excessive profits filings
with the Florida OIR (the “Consent Order”) nor any provision, requirement,
agreement or covenant contained therein will constitute a Burdensome Condition
or Company Material Adverse Effect (as such terms are defined in the merger
agreement) for any purpose under the merger agreement. The transaction, which is
subject to approval of AmCOMP’s stockholders and other customary closing
conditions, is now expected to be completed by October 31, 2008. The Company has
set September 12, 2008 as the record date for the special meeting of
stockholders to consider the proposal to approve the proposed merger. It is
anticipated that the special meeting will be held on or about October 29,
2008.
Fred R.
Lowe, AmCOMP’s Chairman, President and Chief Executive Officer, commented, “We
believe it is in the best interest of our stockholders to settle the outstanding
issues with the Florida OIR so we can proceed with the proposed merger with
EMPLOYERS. Our Board remains committed to completing the proposed merger with
EMPLOYERS and has concluded that completion of the merger on the terms set forth
in the amended merger agreement is in the best interest of our
stockholders."
As
previously disclosed, on May 19, 2008 AmCOMP received a Notice of Intent to
Issue Order to Return Excess Profit (the “2008 Notice”) from the Florida OIR,
and subsequent to the 2008 Notice, AmCOMP’s insurance subsidiaries, AmCOMP
Assurance and AmCOMP Preferred, through counsel, filed a Petition for
Administrative Hearing Involving Disputed Issues of Fact with the Florida OIR,
challenging the 2008 Notice. The settlement resolves all outstanding issues
arising from the 2008 Notice as well as AmCOMP’s 2008 excessive profits filing
for accident years 2004, 2005 and 2006. While the Company did not receive any
Notice of Intent to Issue Order to Return Excess Profit relating to its 2008
filing, the Florida OIR notified AmCOMP that it would not consent to the
proposed merger with EMPLOYERS without resolution of AmCOMP's 2008 filing. The
Consent Order executed in connection with the settlement provides that (i) for
accident years 2002, 2003 and 2004, for which AmCOMP received a Notice of Intent
to Issue Order to Return Excess Profit from the Florida OIR on March 19, 2007,
AmCOMP has not realized “Florida excessive profits” (as defined in Florida
Statute Section 627.215); (ii) for accident years 2003, 2004 and 2005 Florida
excessive profits in the amount of approximately $2.8 million have been
realized, and (iii) for accident years 2004, 2005 and 2006 Florida excessive
profits of $5,650,807 have been realized. AmCOMP intends to provide refunds to
affected policyholders within the timeframe provided by law. As part of the
settlement, AmCOMP waived all rights to challenge or to contest the
aforementioned findings of excessive profits. The Consent Order provides that
nothing contained in the Consent Order shall be deemed to constitute an
admission or acknowledgment by AmCOMP, or a finding by the Florida OIR, that
AmCOMP has violated the requirements of Florida Statute Section 627.215 or
Chapter 624 of the Florida Statutes.
Forward
Looking Statements
Statements
made in this press release, including those about AmCOMP’s financial condition
and results of operations and about its future plans and objectives, which are
not based on historical facts, are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The words “believe,” “expect,”
“plans,” “intend,” “project,” “estimate,” “may,” “should,” “will,” “continue,”
“potential,” “forecast” and “anticipate” and similar expressions identify
forward-looking statements. Any such statements involve known and unknown risks,
uncertainties and other factors, including those set forth under the heading
“Risk Factors” in AmCOMP’s filings with the Securities and Exchange Commission,
including AmCOMP’s Form 10-K for fiscal year ended December 31, 2007. Such
factors may cause AmCOMP’s actual performance, condition and achievements to be
materially different than any future performance, condition and achievement set
forth in this press release. All subsequent written and oral forward-looking
statements attributable to AmCOMP or individuals acting on AmCOMP’s behalf are
expressly qualified in their entirety by these cautionary statements. AmCOMP
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.
About
AmCOMP
With
roots dating back to 1982, AmCOMP Incorporated is an insurance holding company
whose wholly owned subsidiaries, AmCOMP Preferred and AmCOMP Assurance, are
mono-line workers' compensation insurers with products that focus on value-added
services to policyholders. Currently marketing insurance policies in 17 core
states and targeting small to mid-sized employers in a variety of industries,
AmCOMP distributes its products through independent agencies.
In
connection with the proposed merger, AmCOMP will file a supplement to the
definitive proxy statement filed with the Securities and Exchange Commission on
April 30, 2008. AmCOMP will mail the proxy statement supplement to its
stockholders when it is available. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO
READ THE DEFINITIVE PROXY STATEMENT AND PROXY STATEMENT SUPPLEMENT, WHEN
AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Investors
and security holders may obtain a free copy of the definitive proxy statement,
the proxy statement supplement, when available, and other documents filed by
AmCOMP at the Securities and Exchange Commission’s website at www.sec.gov. The
proxy statement, the proxy statement supplement, when available, and such other
documents may also be obtained for free from AmCOMP by directing such request to
AmCOMP Incorporated, Attention: George E. Harris, Secretary, AmCOMP
Incorporated, 701 U.S. Highway One, North Palm Beach, Florida 33408, Telephone:
(561) 840-7171.
AmCOMP
and its directors, executive officers and other members of its management and
employees may be deemed to be participants in the solicitation of proxies from
its stockholders in connection with the proposed transaction. Information
concerning the interests of AmCOMP’s participants in the solicitation is set
forth in AmCOMP’s proxy statements and Annual Reports on Form 10-K, previously
filed with the Securities and Exchange Commission, and in the proxy statement
relating to the transaction.
Contact:
AmCOMP
Incorporated, North Palm Beach
Kumar
Gursahaney, Chief Financial Officer,
561-840-7171
ext. 11700
Amcomp Incorporated (MM) (NASDAQ:AMCP)
過去 株価チャート
から 5 2024 まで 6 2024
Amcomp Incorporated (MM) (NASDAQ:AMCP)
過去 株価チャート
から 6 2023 まで 6 2024