SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) - March 6, 2000
HSB Group, Inc.
(Exact name of registrant as specified in its charter)
Connecticut 001-13135 06-1475343
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification
No.)
One State Street, Hartford, Connecticut 06102-5024
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code - (860-722-1866)
<PAGE>
Item 5. Other Events
On March 6, 2000, HSB Group, Inc. (the "Company") issued a press release
announcing that Richard H. Booth has been elected chairman of the board of the
company effective March 3, 2000. Included herewith as Exhibit 99 is the
Company's press release related to this announcement and such information is
incorporated herein by reference.
Item 7. Exhibits.
99. Press release dated March 6, 2000 announcing that Richard H. Booth has been
elected chairman of the board of the company effective March 3, 2000.
<PAGE>
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.
HSB Group, Inc.
Dated: March 6, 2000 /s/ R. Kevin Price
R. Kevin Price
Senior Vice President
and Corporate Secretary
Exhibit 99
CONTACT:
Dennis Milewski, (860) 722-5313
FOR IMMEDIATE RELEASE
HSB GROUP, INC. ELECTS RICHARD H. BOOTH CHAIRMAN
HARTFORD, Conn., March 6, 2000 -- HSB Group, Inc. (NYSE-HSB) announced today
that Richard H. Booth, president and chief executive officer, has been elected
chairman of the board effective March 3rd. He succeeds Gordon W. Kreh.
Mr. Booth, a member of HSB Group's Board of Directors since July 1996, became
president and chief executive officer on January 1, 2000 following Mr. Kreh's
announcement of his intention to retire.
"Under Gordon's leadership, HSB strengthened its skills and capital structure,
became more flexible and responsive to customers and devised innovative growth
strategies," said Mr. Booth. "We are grateful to Gordon for his many
contributions over his thirty-year career and his assistance most recently in
assuring a smooth management transition."
HSB Group, Inc., the parent company of The Hartford Steam Boiler Inspection and
Insurance Company, is a global provider of specialty insurance products,
engineering services and management consulting. The Hartford Steam Boiler
Inspection and
Insurance Company was founded in 1866 to provide loss prevention service and
insurance to businesses, industries and institutions. For more information about
HSB, visit its web site at www.hsb.com.
This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, that are management's
estimates, assumptions and projections and are not guarantees of future
performance. Forward-looking statements involve known and unknown risks and
uncertainties. These and other important factors, including those mentioned in
various Securities and Exchange Commission filings made periodically by the
company, may cause the company's actual results and performance to differ
materially. Investors and prospective investors should read this news release in
conjunction with the company's most recent Form 10-K, Form 10-Q and other
documents filed with the Securities and Exchange Commission.
