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 30, 1999
ACCEPTANCE INSURANCE COMPANIES INC.
(Exact name of registrant as specified in its charter)
Delaware 1-7461 31-0742926
(State of Incorporation) (Commission File Number)(IRS Employer Identification
Number)
222 S. 15th Street, Suite 600 North
Omaha, Nebraska 68102
(Address of principal executive offices) (Zip Code)
(402) 344-8800
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
(a) The registrant issued the following press release on
December 30, 1999:
For Immediate Release
Acceptance Acknowledges Receipt of Suit
(Omaha, NE December 30, 1999) Acceptance Insurance Companies Inc.
(NYSE: AIF) acknowledged that today it received a Summons and Complaint
initiating a purported federal court class action lawsuit in Omaha, Nebraska.
The suit alleges federal securities laws required the Company to provide more
accurate information about its possible future losses and implementation of its
restructuring plans.
J. Michael Gottschalk, General Counsel and Secretary of the Company
said, "Our Company and its officers and directors consistently acted in good
faith and in accordance with applicable guidelines in disclosing financial and
other information. We categorically deny the accusations made in the lawsuit
and will defend our actions vigorously in court."
Acceptance Insurance is a specialized insurance company providing
crop, property and casualty insurance products throughout the United States.
American Agrisurance, the Company's wholly owned crop insurance marketing
subsidiary, is a widely recognized leader in the crop insurance industry.
For additional information contact:
John Martin Mike Gottschalk
President and Chief Executive Officer Secretary
402-344-8800 402-344-8800
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ACCEPTANCE INSURANCE COMPANIES INC.
By /s/ J. Michael Gottschalk
J. Michael Gottschalk, Chief Legal Officer,
General Counsel and Secretary
December 30, 1999
