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): December 16, 1999
ESG RE LIMITED
(Exact Name of Registrant as Specified in its Charter)
Bermuda 000-23481 Not Applicable
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
16 Church Street Not Applicable
Hamilton HM11, Bermuda (Zip Code)
(Address of Principal Executive Offices)
(441) 295-2185
(Registrant's telephone number, including area code)
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On December 16, 1999, William J. Poutsiaka and Kenneth P. Morse resigned from
the Board of Directors of ESG Re Limited (NASDAQ: ESREF). The resignations are
effective immediately.
ITEM 7. EXHIBITS.
Exhibit 99 Internal Memorandum dated December 16, 1999 is attached.
<PAGE>
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.
Dated: December 16, 1999
ESG RE LIMITED
By: /s/ Joan H. Dillard
------------------------
Joan H. Dillard
Chief Financial Officer
ESG
INTELLIGENT
REINSURANCE
December 16, 1999
TO: Distribution List
FROM: John C Head III
William J. Poutsiaka and Kenneth P. Morse have resigned from the Board of
Directors of ESG Re Limited. Mr. Poutsiaka, who was named President and CEO of
PanAgora Asset Management, Inc. earlier this year, joined ESG as a director at
the time the Company went public in December 1997. Mr. Morse, the Managing
Director of MIT Entrepreneurship Center and Senior Lecturer MIT Sloan School of
Management, joined ESG as director in February 1996. Mr. Poutsiaka cited time
commitments for his own business interests as a reason for his resignation at
this time. The resignations are effective immediately. The Board has commenced a
search for candidates to fill these vacancies.
