As filed with the Securities and Exchange Commission
on December 29, 1998
REGISTRATION NO. 333-62881
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------
Post-Effective
Amendment No. 2
to
FORM SB-2
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-----------------
NORTH EAST INSURANCE COMPANY
(Name of small business issuer in its charter)
MAINE 6331 01-0278387
(State of (Primary Standard Industrial (IRS Employer
Incorporation) Classification Code Number) I.D. Number)
482 PAYNE ROAD
SCARBOROUGH, MAINE 04074
(207) 883-2232
(Address and Telephone Number of Principal
Executive Office and Principal Place of Business)
ROBERT G. SCHATZ
PRESIDENT AND CHIEF EXECUTIVE OFFICER
482 PAYNE ROAD
SCARBOROUGH, MAINE 04074
(207) 883-2232
(Name, Address and Telephone Number of Agent for Service)
Copies to:
GREGORY S. FRYER, ESQ.
VERRILL & DANA, LLP
ONE PORTLAND SQUARE
PORTLAND, MAINE 04112-0586
(207) 774-4000
EXTENSION OF EXPIRATION DATE
OF RIGHTS OFFERING
North East Insurance Company ("NEIC") has extended the Expiration Date
of its Rights Offering to 5:00 p.m., Eastern Time, on January 12, 1999.
Pursuant to this Registration Statement, NEIC is offering Common Stock
at a price of $2.25 per share to its shareholders of record on November 9,
1998. Under the terms of the Rights Offering, NEIC reserved the right to
extend the Expiration Date from time to time by filing an amendment to this
Registration Statement and issuing a press release. The Rights Offering
originally was scheduled to expire on December 22, 1998, was later extended
to December 29, l998, and has now been extended to January 12, 1999.
Eligible shareholders who wish to purchase shares in the Offering must
submit a completed subscription certificate and appropriate payment to the
Subscription Agent, as further described in the Prospectus dated November
12, 1998 for the Rights Offering (the "Prospectus"). Shareholders who have
previously submitted proper documents and payment need not submit any
further documents or payment in order to participate in the Offering.
For a complete description of other terms of the Rights Offering,
reference is made to the Prospectus, which is included as part of Amendment
No. 1 to this Registration Statement, filed on November 12, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form SB-2 and has duly caused this
Post-Effective Amendment No. 2 to the Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of
Portland, State of Maine on this 29th day of December, 1998.
NORTH EAST INSURANCE COMPANY
By: /s/ Robert G. Schatz
Robert G. Schatz
President and Chief
Executive Officer
Signature Title Date
- --------- ----- ----
/s/ Robert G. Schatz President, Chief Executive December 29, 1998
Robert G. Schatz Officer and Director
/s/ Ronald A. Libby Chief Operating Officer December 29, 1998
Ronald A. Libby
/s/ Graham S. Payne Treasurer, Chief Financial December 29, 1998
Graham S. Payne Officer [principal accounting
officer]
____________________ Director
Edward B. Batal
/s/ Terence C. Cummings* Director December 29, 1998
Terence C. Cummings
____________________ Director
Robert A. Hancock
/s/ Wilson G. Hess* Director December 29, 1998
Wilson G. Hess
/s/ Joseph M. Hochadel* Director December 29, 1998
Joseph M. Hochadel
/s/ Peter A. Russ* Director December 29, 1998
Peter A. Russ
/s/ Bruce H. Suter* Director December 29, 1998
Bruce H. Suter
* By: /s/ Robert G. Schatz
Robert G. Schatz, Attorney in Fact
