false000080045700008004572022-04-212022-04-210000800457us-gaap:CommonClassAMember2022-04-212022-04-210000800457us-gaap:CommonClassBMember2022-04-212022-04-21
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): April 21, 2022
|
Donegal Group Inc. |
|
|
(Exact name of registrant as specified in its charter) |
|
Delaware |
|
0-15341
|
|
23-2424711 |
(State or other jurisdiction of incorporation)
|
|
(Commission file number)
|
|
(I.R.S. employer identification no.)
|
1195 River Road, Marietta, Pennsylvania
|
|
17547
|
(Address of principal executive offices)
|
|
(Zip code)
|
Registrant's telephone number, including area code: 717-426-1931
|
Not Applicable |
|
|
(Former name or former address, if changed since last report) |
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of Each Class
|
|
Trading Symbols
|
|
Name of Exchange on Which Registered
|
|
Class A Common Stock, $.01 par value
|
|
DGICA
|
|
The NASDAQ Global Select Market
|
|
Class B Common Stock, $.01 par value
|
|
DGICB
|
|
The NASDAQ Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. |
Regulation FD Disclosure.
|
On April 21, 2022, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. |
Financial Statements and Exhibits.
|
|
Press release dated April 21, 2022
|
|
|
Exhibit 104
|
Cover Page Interactive Data File (embedded within XBRL document)
|
SIGNATURE
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.
|
DONEGAL GROUP INC.
|
|
|
|
By:
|
|
/s/ Jeffrey D. Miller
|
|
|
Jeffrey D. Miller, Executive Vice
|
|
|
President and Chief Financial Officer
|
|
|
|
Date: April 21, 2022
|
|
|
Exhibit 99.1
Donegal Group Inc. Announces Increase in Quarterly Dividend
MARIETTA, PA, April 21, 2022 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a
regular quarterly cash dividend of $0.165 per share of the Company’s Class A common stock and $0.1475 per share of the Company’s Class B common stock. The dividends are payable on May 16, 2022 to stockholders of record as of the close of business on
May 2, 2022.
These dividends represent percentage increases of 3.1% for the Company’s Class A common stock and 3.5% for the Company’s Class B common stock compared to the
previous quarterly cash dividend rates.
About Donegal Group Inc.
Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer commercial and personal property and casualty lines of
insurance in 24 Mid-Atlantic, Midwestern, New England, Southern and Southwestern states. Donegal Mutual Insurance Company and its insurance subsidiaries conduct business together with the insurance subsidiaries of Donegal Group Inc. as the Donegal
Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).
The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB,
respectively. The Company is focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing its operations and processes to transform its business, capitalizing on opportunities to grow
profitably and delivering a superior experience to its agents and customers.
Investor Relations Contact
Karin Daly
Vice President, The Equity Group Inc.
Phone: (212) 836-9623
E-mail: kdaly@equityny.com