UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: June 17,1996
FARM FAMILY MUTUAL INSURANCE COMPANY
A New York Corporation Commission File No. 2-57299 IRS No. 14-1415410
344 Route 9W, Glenmont, New York 12077-2910
Registrant's telephone number: (518) 431-5000
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Item 5. Other Events
On June 17, 1996, Farm Family Mutual Insurance Company issued a
press release announcing that the policyholders have approved the
Company's Plan of Reorganization and Conversion whereby the Company
will convert from a mutual company to a stockholder-owned company.
A copy of the press release is attached hereto as Exhibit 99.
Item 7. Financial Statements and Exhibits
The following exhibits are filed as part of this report:
Exhibit Index
Exhibit 99 - Press Release dated June 17, 1996
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 thereunto duly authorized.
FARM FAMILY MUTUAL INSURANCE COMPANY (Registrant)
June 17, 1996 /s/ Philip P. Weber
(Date) Philip P. Weber
Executive Vice President and CEO
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EXHIBIT 99
FOR: FARM FAMILY MUTUAL
INSURANCE COMPANY
CONTACT: Timothy A. Walsh
Senior Vice President - Finance
(518) 431-5410
POLICYHOLDERS APPROVE
FARM FAMILY MUTUAL INSURANCE COMPANY'S
PLAN OF REORGANIZATION AND CONVERSION
Glenmont, NY, June 17, 1996 - Farm Family Mutual Insurance
Company announced that at a special meeting of policyholders held
today, the Company's Plan of Reorganization and Conversion was
overwhelmingly approved by the policyholders. Of the 22,230 policyholders
voting in person or by proxy, over 93% voted for the Plan.
Pursuant to the Plan, the Company will convert from a mutual company to a
stockholder-owned company. The Plan was previously adopted by the Board
of Directors of Farm Family Mutual Insurance Company and approved by the
Superintendent of Insurance of New York. The approval of the Plan by
the policyholders is an important step in the demutualization process
which is expected to be concluded in the third quarter of 1996.
Under the Plan, eligible policyholders will receive shares of common stock
of Farm Family Holdings, Inc., a newly formed holding company for Farm
Family, or cash. Additional shares were offered in a subscription
offering to eligible policyholders and holders of Surplus Notes who
will receive stock in the demutualization. All or a portion of the
shares not subscribed for in the subscription offering may subsequently
be offered to new investors in a public offering.
Farm Family is a regional, specialized property and casualty
insurer of farms, agricultural related businesses and residents
of rural and suburban communities.
Shares offered in any public offering will only be offered by means of
a prospectus, a copy of which may be obtained from Salomon Brothers, Inc,
New York, New York.
