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): October 20, 2016

 

 

  Donegal Group Inc.  

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		0-15341		23-02424711
(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))

 

 

 

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Item 5.02.

Departure of Directors or Certain Executive Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At a regular meeting of the board of directors of Donegal Group Inc. (“DGI”) held on October 20, 2016, DGI’s board of directors considered and approved the appointment of Kevin G. Burke as a member of the board of directors of DGI. Mr. Burke was appointed to serve as a Class A director until the election of his successor at DGI’s annual meeting of stockholders in April 2017 or his earlier resignation or death.

DGI’s board of directors appointed Mr. Burke to fill the vacancy created by the death of Philip H. Glatfelter, II on October 1, 2016. Mr. Glatfelter was elected as a member of DGI’s board of directors in 1986. Mr. Glatfelter also served on the board of directors of Donegal Mutual Insurance Company since 1981 and served on the boards of directors of various subsidiaries of Donegal Group Inc. and Donegal Mutual Insurance Company.

Mr. Burke has been the President and Chief Executive Officer of DGI since July 2015. Mr. Burke has also served as Executive Vice President and Chief Operating Officer of Donegal Mutual Insurance Company since 2014, a position he also held in DGI from 2014 to July 2015. Prior to 2014, Mr. Burke served as Senior Vice President, Human Resources, of Donegal Mutual and DGI.

 

Item 7.01.

Regulation FD Disclosure.

On October 20, 2016, DGI issued a press release, a copy of which is attached to this Form 8-K Report as Exhibit 99.1 and is incorporated by reference in this Form 8-K Report.

 

Item 9.01.

Financial Statements and Exhibits.

 

Exhibit No.		Exhibit Description
99.1		Press release dated October 20, 2016.

 

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SIGNATURES

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.

 

Date: October 21, 2016

 

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Exhibit 99.1

DONEGAL GROUP INC. ANNOUNCES APPOINTMENT OF DIRECTOR AND QUARTERLY DIVIDEND

For Further Information:

Jeffrey D. Miller

Executive Vice President & Chief Financial Officer

Phone: (717) 426-1931

E-mail: investors@donegalgroup.com

For Immediate Release

MARIETTA, Pennsylvania, October 20, 2016 – Donegal Group Inc. (NASDAQ: DGICA and DGICB) reported that its board of directors today considered and approved the appointment of Kevin G. Burke as a member of the board of directors of Donegal Group Inc. Mr. Burke was appointed to serve as a Class A director until the election of his successor at Donegal Group Inc.’s annual meeting of stockholders in April 2017 or his earlier resignation or death.

Donegal Group Inc.’s board of directors appointed Mr. Burke to fill the vacancy created by the death of Philip H. Glatfelter, II on October 1, 2016. Mr. Glatfelter was elected as a member of Donegal Group Inc.’s board of directors in 1986. Mr. Glatfelter also served on the board of directors of Donegal Mutual Insurance Company since 1981 and served on the boards of directors of various subsidiaries of Donegal Group Inc. and Donegal Mutual Insurance Company.

Mr. Burke has been the President and Chief Executive Officer of Donegal Group Inc. since July 2015. Mr. Burke has also served as Executive Vice President and Chief Operating Officer of Donegal Mutual Insurance Company since 2014, a position he also held in DGI from 2014 to July 2015. Prior to 2014, Mr. Burke served as Senior Vice President, Human Resources, of Donegal Mutual and Donegal Group Inc.

Donegal Group Inc.’s board of directors also declared a regular quarterly cash dividend of $.1375 per share of the Company’s Class A common stock and $.12 per share of the Company’s Class B common stock. The dividends are payable on November 15, 2016 to stockholders of record as of the close of business on November 1, 2016.

About the Company

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 21 Mid-Atlantic, Midwestern, New England and Southern states. The insurance subsidiaries of Donegal Group Inc. and Donegal Mutual Insurance Company conduct business together as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

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The Company’s Class A common stock and Class B common stock trade on NASDAQ under the symbols DGICA and DGICB, respectively. As an effective acquirer of small to medium-sized “main street” property and casualty insurers, Donegal Group has grown profitably over the last three decades. The Company continues to seek opportunities for growth while striving to achieve its longstanding goal of outperforming the property and casualty insurance industry in terms of service, profitability and book value growth.

 

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