UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 19, 2004
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EMC INSURANCE GROUP INC.
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(Exact name of registrant as specified in its charter)
Iowa 0-10956 42-623455
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
717 Mulberry Street, Des Moines, Iowa 50309
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(Address of principal executive office) (Zip Code)
(515) 280-2902
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(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure
On July 19, 2004, EMC Insurance Group Inc. issued the following press
release:
EMC INSURANCE GROUP INC. ANNOUNCES
PROPOSED CHANGE IN POOLING AGREEMENT
AND EMPLOYERS MUTUAL CASULATY COMPANY'S
WITHDRAWL FROM THE DIVIDEND REINVESTMENT
PLAN
DES MOINES, Iowa (July 19, 2004) - EMC Insurance Group Inc.
(Nasdaq/NM:EMCI) today announced a proposed 6.5 percentage point increase in
its property and casualty insurance companies' aggregate participation
interest in the EMC Insurance Companies pooling agreement effective January
1, 2005. As a result of this change, the Company's aggregate participation
interest in the pooling agreement would increase from the current 23.5
percent to 30.0 percent, and Employers Mutual Casualty Company's
participation interest would decline from the current 65.5 percent to 59.0
percent. This increase in the Company's aggregate participation interest is
subject to the approval of the Iowa Insurance Division and the successful
completion of the stock offering announced on July 16, 2004.
In addition, the Company has received notification from Employers Mutual
Casualty Company that it will withdraw from participation in the Company's
Dividend Reinvestment and Common Stock Purchase Plan during the third quarter
of 2004 and will likely not participate in the plan during the fourth quarter
of 2004.
EMC Insurance Group Inc., the publicly-held insurance holding company of
EMC Insurance Companies, owns subsidiaries with operations in property and
casualty insurance and reinsurance. EMC Insurance Companies is one of the
largest property and casualty entities in Iowa and among the top 60 insurance
entities nationwide. For more information, visit our website
www.emcinsurance.com.
The Private Securities Litigation Reform Act of 1995 provides issuers
the opportunity to make cautionary statements regarding forward-looking
statements. Accordingly, any forward-looking statement contained in this
report is based on management's current expectations and actual results of
the Company may differ materially from such expectations. The risks and
uncertainties that may affect the actual results of the Company include but
are not limited to the following: catastrophic events and the occurrence of
significant severe weather conditions; state and federal legislation and
regulations; rate competition; changes in interest rates and the performance
of financial markets; the adequacy of loss and settlement expense reserves,
including asbestos and environmental claims; rating agency actions and other
risks and uncertainties inherent to the Company's business. When we use the
words "believe", "expect", "anticipate", "estimate" or similar expressions,
we intend to identify forward-looking statements. You should not place undue
reliance on these forward-looking statements.
The information contained in this Current Report shall not be deemed to
be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be incorporated by reference into a filing under the
Securities Act of 1933, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EMC INSURANCE GROUP INC.
Registrant
/s/ Bruce G. Kelley
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Bruce G. Kelley
President & Chief Executive Officer
/s/ Mark E. Reese
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Mark E. Reese,
Vice President & Chief Financial Officer
July 19, 2004