FOREMOST CORP OF AMERICA
8-K, 2000-03-07
FIRE, MARINE & CASUALTY INSURANCE
Previous: CANADIAN NATIONAL RAILWAY CO, S-4/A, 2000-03-07
Next: FOREMOST CORP OF AMERICA, 8-K, 2000-03-07


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): March 7, 2000

 

  

Foremost Corporation of America
(Exact Name of Registrant as Specified in Charter)

  

Michigan

0-6478

38-1863522

(State or Other Jurisdiction

(Commission

(IRS Employer

of Incorporation)

File Number)

Identification Number)

     
     

5600 Beech Tree Lane

   

Caledonia, Michigan

 

49316

(Address of Principal Executive Offices)

 

(Zip Code)

 

Mailing Address: Post Office Box 2450, Grand Rapids, Michigan 49501

(616) 942-3000
Registrant's telephone number, including area code






Item 5.    Other Events.

          On October 18, 1999, Foremost Corporation of America (the "Company") entered into an Agreement and Plan of Merger (the "Plan of Merger") with Spartan Parent Corp., a newly formed Delaware corporation ("Parent"), and Spartan Acquisition Co., a newly formed Michigan corporation and wholly owned subsidiary of Parent ("Sub"). Parent is wholly owned by Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange, three insurance exchanges managed by Farmers Group, Inc. or its subsidiaries. The Plan of Merger provides that Sub would merge with and into the Company (the "Merger"), with the Company surviving in the merger.

          On February 25, 2000, the Company's Special Meeting of Shareholders was held at which the Company's shareholders approved the Plan of Merger and the Merger. On March 3, 2000, all conditions to the Merger were satisfied and the Merger was completed. As a result of the Merger, (a) each issued and outstanding share of Company common stock, par value $1.00 per share, was converted into the right to receive $29.25 in cash without interest or other payment made in respect thereof; (b) the Company became a wholly owned subsidiary of Parent; and (c) effective March 7, 2000, the Company's common stock will be de-registered under the Securities Act of 1933. The Company's common stock will be de-listed from the New York Stock Exchange in the ordinary course of business.

          On March 7, 2000, the Company issued the press release attached as Exhibit 99.1 to this Form 8-K.


Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c)

Exhibits:

       
   

99.1

Press Release dated March 7, 2000.










-2-



SIGNATURE


                    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.




 

FOREMOST CORPORATION OF AMERICA
(Registrant)

 
 

Dated: March 7, 2000

By /s/ Paul D. Yared


   

Paul D. Yared
Senior Vice President, Secretary and
    General Counsel









-3-



 

EXHIBIT INDEX

 

Exhibit

                                        Document

 

 

99.1

Press Release dated March 7, 2000.




















-4-


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission