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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)
June 20, 2008
HCC INSURANCE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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| Delaware |
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001-13790 |
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76-0336636 |
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(Commission File Number)
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(IRS Employer Identification No.) |
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| 13403 Northwest Freeway |
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| Houston, Texas |
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77040-6094 |
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(Zip Code) |
Registrant’s telephone number, including area code: (713) 690-7300
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 (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On June 20, 2008, HCC Insurance Holdings, Inc. (the “Company”) announced in a press release
that its Board of Directors approved the repurchase of up to an aggregate of $100 million of its
common stock.
The share repurchase plan calls for the repurchases to be made in the open market or in
privately negotiated transactions from time-to-time in compliance with applicable rules and
regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
Repurchases under the plan will be subject to market and business conditions, as well as the
Company’s level of cash generated from operations, cash required for acquisitions, debt covenant
compliance, trading price of the stock being at or below book value and other relevant factors. The
plan does not obligate the Company to purchase any particular number of shares, and may be
suspended or discontinued at any time at the Company’s discretion.
A copy of the Company’s press release announcing the approval of the share repurchase plan is
attached hereto as Exhibit 99.1 and incorporated by reference herein.
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| Item 9.01 |
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Financial Statements and Exhibits |
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| No. |
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Exhibit |
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99.1 |
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Press Release issued by HCC insurance Holdings, Inc. dated June 20, 2008 |
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.
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HCC INSURANCE HOLDINGS, INC.
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| Date: June 24, 2008 |
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/s/ Frank J. Bramanti
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Frank J. Bramanti |
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Chief Executive Officer |
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EXHIBIT INDEX
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| No. |
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Exhibit |
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99.1 |
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Press Release issued by HCC Insurance Holdings, Inc. dated June 20, 2008 |