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) January 17, 1996
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20th Century Industries
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(Exact name of registrant as specified in its charter)
CALIFORNIA
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(State or other jurisdiction of incorporation)
0-6964 95-1935264
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(Commission File Number) (IRS Employer Identification No.)
6301 Owensmouth Avenue, Suite 700, Woodland Hills, CA 91367
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(Address of principal executive offices)
Registrant's telephone number, including area code ( 818 ) 704 - 3700
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(Former name or address, if changed since last report) NONE
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Item 5 Other Events
On January 17, 1996, the Registrant issued the attached News Release
regarding the legal action filed against certain officers and directors of
20th Century Industries.
SIGNATURES
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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 thereunto duly authorized.
20TH CENTURY INDUSTRIES
Date: January 18, 1996 John Bollington
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Secretary, Senior Vice President
and General Counsel
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20TH CENTURY INDUSTRIES
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NEWS
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Contact:
Jeanne Ouellette or
Cynthia Coulter at 213/629-4974
Company contact: Ric Hill at
818/704-3595
FOR IMMEDIATE RELEASE January 17, 1996
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20TH CENTURY PROVIDES STATEMENT
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CONCERNING LEGAL ACTION
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(WOODLAND HILLS, CA) -- 20th Century Industries acknowledges that it was
provided a copy of a complaint in which certain officers and directors of
the company were named as defendants in a derivative action relating
to the financial losses sustained by 20th Century as a result of the
January 17, 1994 Northridge Earthquake.
According to Richard Dinon, senior vice president, and a named defendant,
"In my opinion, the actions taken in connection with the Northridge
earthquake were appropriate and in the best interest of all shareholders
of 20th Century." He added that the company's plan for recapitalization
through an investment by American International Group, Inc., was approved
by a vote of company shareholders in December, 1994.
20th Century is currently reviewing the complaint and can provide no
further comment at this time relating to the specific allegations
contained within the complaint.
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6301 Owensmouth Avenue | Woodland Hills, California 91367
