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) February 14, 1996
Farm Family Mutual Insurance Company
(Exact Name of Registrant as Specified in Charter)
New York 2-57299 14-1415410
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
344 Route 9W, Glenmont, NY 12077
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (518) 436-9751
(Former Name or Former Address, if Changed Since Last Report)
Page 1 of 4 pages.
Exhibit index is on page 2.
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Item 5. Other Events
On February 14, 1996 Farm Family Mutual Insurance Company issued
a press release announcing that its Board of Directors has adopted
a Plan of Reorganization and Conversion pursuant to which 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 February 14, 1996
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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.
FARM FAMILY MUTUAL INSURANCE COMPANY
(Registrant)
BY /s/ William M. Stamp, Jr.
Date February 14, 1996 Name: William M. Stamp, Jr.
Title: President
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EXHIBIT 99
FOR: FARM FAMILY MUTUAL
INSURANCE COMPANY
CONTACT: Timothy A. Walsh
(518) 436-9751
FARM FAMILY MUTUAL INSURANCE COMPANY
ADOPTS PLAN OF REORGANIZATION AND CONVERSION
Glenmont, NY, February 14, 1996 - Farm Family Mutual Insurance
Company announced today that its Board of Directors has adopted
a Plan of Reorganization and Conversion pursuant to which the Company
will convert from a mutual company to a stockholder-owned company.
The adoption of the Plan is one step in the demutualization process
which will require the approval of the New York Insurance Department
as well as the Company's policyholders prior to the Plan becoming
effective.
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 will be offered to eligible
policyholders who receive stock in the demutualization in a preemptive
rights offering and to new investors in a public offering.
The Company's principal purposes for the Reorganization are to improve
the Company's access to capital markets and to raise capital which
will enable it to expand and develop its business in the rural and
suburban communities in which the Company currently operates.
Farm Family is a regional, specialized property and casualty insurer of
farms, agricultural related businesses and residents of rural and
suburban communities.
The Company expects that the demutualization process will be completed
in the third quarter of 1996.
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