SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of l934
(Amendment No. 7)
Rogers Corporation
-------------------
(Name of Issuer)
Capital Stock, $1.00 par value
-------------------------------
(Title of class of securities)
77513310
---------
(CUSIP Number)
Michael P. Maloney, Esq.
Vice President, General Counsel and Secretary
Orion Capital Corporation
600 Fifth Avenue
New York, New York 10020
(212) 332-8080
- ------------------------------------------------------------------
(Name, address and telephone number of person authorized to
receive notices and communications)
Copies of all notices and communications should be sent to:
John J. McCann, Esq.
Donovan Leisure Newton & Irvine
30 Rockefeller Plaza
New York, New York l0112
December 15, 1994
- ------------------------------------------------------------------
(Date of event which requires filing of this statement)
If filing person has previously filed a statement on Schedule l3G
to report the acquisition which is the subject of this statement
and is filing this statement because of Rule l3d-l(b) (3) or (4),
check the following:
Check the following box if a fee is being paid with this statement:
[]
(Continued on following pages)
Page l of 14 Pages
<PAGE>
CUSIP No. 77513310
- ------------------------------------------------------------------
1) Names of
Reporting Persons (a) Orion Capital Corporation S.S. or IRS
Identification IRS No. 95-6069054
Nos. of Above Persons (b) Security Reinsurance
Company
IRS No. 06-1008792
(c) Security Insurance Company
of Hartford
IRS No. 06-0529570
- ------------------------------------------------------------------
2) Check the Appropriate Box if (a)
a Member of a Group (b) X
(c) X
(See Instructions)
- ------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------
4) Source of Funds (a) AF
(See Instructions) (b) WC
(c) WC
- ------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings are Required
Pursuant to Items 2(d) or 2(e)
- ------------------------------------------------------------------
6) Citizenship or Place of (a) Delaware
Organization (b) Connecticut
(c) Connecticut
- ------------------------------------------------------------------
(7) Sole Voting
Number Power 216,600
of Shares (8) Shared Voting
Beneficially Power
Owned by (9) Sole Dispositive
Each Reporting Power 216,600
Person With (l0) Shared Dispositive
Power
- ------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 216,600
- ------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions)
- ------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 6.2%
- ------------------------------------------------------------------
14) Type of Reporting Person (a) CO, HC
(See Instructions) (b) CO, IC
(c) CO, IC
- 2 -
<PAGE>
Item 1. Security and Issuer.
--------------------
This statement relates to the Capital Stock, $1.00 par value
(the "Capital Stock"), of Rogers Corporation ("Rogers"). The
principal executive offices of Rogers are located at One Technology
Drive, Rogers, CT 06263.
Item 2. Identity and Background.
-----------------------
This statement is filed by Orion Capital Corporation ("Orion"),
a Delaware corporation with its principal executive offices at 600
Fifth Avenue, New York, New York 10020-2302 and two of its wholly-
owned subsidiaries: Security Reinsurance Company ("Security Re"), a
Connecticut corporation; and Security Insurance Company of Hartford
("SICH"), a Connecticut corporation. The principal offices of
Security Re and SICH are located at 9 Farm Springs Drive, Farm-
ington, Connecticut 06032. Orion owns, directly or indirectly, all
of the outstanding capital stock of Security Re and SICH. SICH
underwrites and sells most types of property and casualty insurance
with an emphasis on commercial insurance in specialized markets;
Security Re is a reinsurance company.
This statement amends Items 2 and 5 of the Schedule 13D dated
October 24, 1989, as amended by Amendment No. 1 dated August 7,
1990, by Amendment No. 2 dated September 17, 1990, by Amendment No.
3 dated January 20, 1992, by Amendment No. 4 dated January 21, 1992,
by Amendment No. 5 dated April 23, 1993, and by Amendment No. 6
dated May 3, 1994, each filed with the Commission by Orion and
certain of its subsidiaries, by revising such item in accordance
with the information contained herein.
- 3 -
<PAGE>
The executive officers and directors of Orion, Security Re and
SICH, together with their present principal occupations and the
names, principal businesses and addresses of any corporations or
other organizations in which such principal occupations are
conducted, appear in Exhibit A hereto.
Each of the persons listed in Exhibit A hereto is a citizen of
the United States, except for Graham Addington, who is a citizen of
the United Kingdom. Neither Orion, Security Re nor SICH, nor to
their best knowledge, any officer or director of Orion, Security Re
or SICH has, during the last five years, been convicted in any
criminal proceeding, excluding traffic violations or similar
misdemeanors, or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 5. Interest in Securities of Issuer.
---------------------------------
According to Rogers' Quarterly Report on Form 10-Q for the
quarterly period ended October 2, 1994, there were 3,516,995 shares
of Rogers Capital Stock issued and outstanding as of October 30,
1994. Security Re and SICH own 216,600 shares in the aggregate or
approximately 6.2% of Rogers' Capital Stock. Orion
may continue to be deemed the beneficial owner of all shares of
Rogers Capital Stock owned by Security Re and SICH. Of the 216,600
shares, Security Re owns 182,500 shares and SICH owns the balance
- 4 -
<PAGE>
of 34,100 shares. Since October 14, 1994, Security Re sold a total
of 20,000 shares of Rogers Common Stock on the dates and at the
prices set forth in Exhibit B hereto. All of the shares sold by
Security Re were sold in open market transactions on the American
Stock Exchange.
Each of Securty Re and SICH has sole power to vote and dispose
of its shares of Rogers Capital Stock; decisons with respect to
acquisitions, voting and dispositions are made by the Investment
Committtee of Security Re or SICH, a majority of whose members are
officers and/or directors of Orion. Orion's voting control of SICH
and Security Re enables Orion ultimately to direct the acquisition,
voting and disposition of the shares of Rogers Capital Stock held by
SICH and Security Re.
Except as set forth above, or to the extent that the officers
and directors of Orion, Security Re and SICH maybe deemed bo
"beneficially own" shares of Rogers Capital Stock by reason of their
voting power or investment power with respect to the shares owned by
Security Re and SICH, no officer or director of Orion, Security Re
or SICH beneficially owns, or has the right to acquire, directly or
indirectly, any shares of Rogers Capital Stock or has effected any
transaction in shares of Rogers Capital Stock since October 14,
1994.
- 5 -<PAGE>
<PAGE>
Signatures
-----------
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
ORION CAPITAL CORPORATION
By: /s/Raymond J. Schuyler
---------------------------------
Raymond J.Schuyler
Vice President - Investments
SECURITY INSURANCE COMPANY
OF HARTFORD
SECURITY REINSURANCE COMPANY
By: /s/Raymond J. Schuyler
---------------------------------
Raymond J. Schuyler
Senior Vice President
Dated: December 19, 1994
- 6 -
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
- ------- -----
A Names, addresses and principal 8
occupations of officers and
directors of Orion, Security Re
and SICH
B List of sales of Rogers Capital 14
stock by Security Re
- 7 -
<PAGE>
EXHIBIT A
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
Alan R Gruber (1, 2 and 3) Chairman of the Board
Orion Capital Corporation and Chief Executive
30 Rockefeller Plaza Officer of Orion and
New York, New York 10112 Chairman of the Board
of Security Re and SICH
1Bertram J. Cohn (1) Managing Director and a
437 Madison Avenue, 30th Floor limited partner, First
New York, New York 10022 Manhattan Company, invest-
ment bankers
John C. Colman (1) Private investor and con-
4 Briar Lane sultant
Glencoe, Illinois 60022
Larry D. Hollen (1, 2 and 3) President and Chief Opera-
Orion Capital Corporation ting Officer of Orion;
9 Farm Springs Drive President of SICH; Vice
Farmington, Connecticut 06032 Chairman of Security Re
Robert H. Jeffrey (1) President Jeflion Invest-
The Jeffrey Company ment Company; President,
88 E. Broad Street, Suite 1560 The Jeffrey Company, a
Columbus, Ohio 43215 privately held investment
company which is the
parent of Jeflion Invest-
ment Company
Warren R. Lyons (1) President, Avco Fianancial
Avco Fianancial Services Services, a financial
3349 Michelson Drive services company
Irvine, California 92715
- ------------------------------------------------------------------
(1) Director of Orion
(2) Director of Security Re
(3) Director of SICH
- 8 -
<PAGE>
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
James K. McWilliams (1) Proprietor of McWilliams &
McWilliams & Company Company and general
555 California Street partner of McWilliams
Suite 5040 Associates, investment
San Francisco, California 94104 counselors; General
Partner, Mt. Eden Vine-
yards, Inc.
Ronald W. Moore (1) Adjunct Professor of
Morgan Hall Business Administration,
Soldiers Field Harvard University
Boston, Massachusetts 02163
Robert B. Sanborn (1 and 3) Vice Chairman of the Board
Orion Capital Corportion of Orion; Vice Chariman of
9 Farm Springs Drive SICH
Farmington, Connecticut 06032
William J. Shepherd (1) Private investor
Chemical Bank New Jersey
225 South Street
Morristown, New Jersey 07962
John R. Thorne (1) Professor, Graduate School
Furnace Run of Industrial Administra-
Laughlintown, Pennsylvania 15655 tion, Carnegie-Mellon
University; Chairman, The
Enterprise Corporation of
Pittsburgh, a private,
non-profit corporation
encouraging and supporting
new entrepreneurial
business
Roger B. Ware (1) President and Chief Execu-
Guaranty National Corporation tive Officer of Guaranty
100 Inverness Terrace East National Corporation, a
Englewood, Colorado 80112 property and casualty in-
surance company 49% owned
by Orion
- ------------------------------------------------------------------
(1) Director of Orion
(2) Director of Security Re
(3) Director of SICH
- 9 -
<PAGE>
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
W. Marston Becker Senior Vice President of
Design Professionals Insurance Orion and SICH; President
Company of Design Professionals
2959 Monterey/Salinas Highway Insurance Company
Monterey, California 93940 ("DPIC"), an indirect
subsidiary of Orion
Raymond W. Jacobsen Senior Vice President of
EBI Companies Orion; President of EBI
325 North Corporate Drive Companies and Senior Vice
Brookfield, Wisconsin 53045 President of SICH
Arthur B. McHugh Senior Vice President of
Orion Capital Corporation Orion, Security Re and
9 Farm Springs Drive SICH; President of
Farmington, Connecticut 06032 Connecticut Specialty
Insurance Group ("CSIG"),
an indirect subsidiary of
Orion
Daniel L. Barry (2 and 3) Vice President and
Orion Capital Corporation Controller of Orion;
9 Farm Springs Drive Vice Chairman of Security
Farmington, Connecticut 06032 Re and Senior Vice Presi-
dent and Controller of
SICH
Michael P. Maloney, Esq. Vice President, General
Orion Capital Corporation Counsel and Secretary of
600 Fifth Avenue Orion; Senior Vice
New York, New York 10020 President and Assistant
Secretary of Security Re
and SICH
William G. McGovern Vice President and Chief
Orion Capital Corporation Actuary of Orion; Senior
9 Farm Springs Drive Vice President and Chief
Farmington, Connecticut 06032 Actuary of Security Re
and SICH
Vincent T. Papa (2 and 3) Vice President and
Orion Capital Corporation Treasurer of Orion;
600 Fifth Avenue Senior Vice President and
New York, New York 10020 Treasurer of Security Re
and SICH
- ------------------------------------------------------------------
(2) Director of Security Re
(3) Director of SICH
- 10 -
<PAGE>
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
Raymond J. Schuyler (3) Vice President of Orion
Orion Capital Corporation and Senior Vice President
600 Fifth Avenue of Security Re and SICH
New York, New York 10020
Lawrence D. Nolen (2) President of Security Re
Orion Capital Companies and Vice President of
9 Farm Springs Drive SICH
Farmington, Connecticut 06032
Eva Schlehofer Senior Vice President of
Orion Capital Companies SICH
9 Farm Springs Drive
Farmington, Connecticut 06032
Stanley G. Fullwood (2 and 3) Vice President, General
Orion Capital Companies Counsel and Secretary
9 Farm Springs Drive of Security Re and
Farmington, Connecticut 06032 SICH
Graham A. Addington Vice President of DPIC
DPIC Companies Companies and SICH
155 University Avenue, Suite 702
Toronto, Ontario M5H 3B7
Canada
Leland H. Beman Vice President of Security
Orion Capital Companies Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032
Marsha O. Bissonnette Vice President and
Orion Capital Companies Assistant Secretary
9 Farm Springs Drive of Security Re and
Farmington, Connecticut 06032 SICH
William D. Brooks Vice President of SICH
Orion Capital Companies
9 Farm Springs Drive
Farmington, Connecticut 06032
Thomas A. Clark Senior Vice President of
Orion Capital Companies CSIG; Vice President of
9 Farm Springs Drive SICH
Farmington, Connecticut 06032
- ------------------------------------------------------------------
(2) Director of Security Re
(3) Director of SICH
- 11 -
<PAGE>
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
Charles W. Cole, Jr. Vice President of SICH
Orion Capital Companies
9 Farm Springs Drive
Farmington, Connecticut 06032
William M. Demmon Vice President of SICH
Orion Capital Companies
9 Farm Springs Drive
Farmington, Connecticut 06032
Jonathan H. Gice Senior Vice President of
EBI Companies EBI Companies; Vice
300 North Patrick Blvd., President of SICH
Suite 150
Brookfield, Wisconsin 53005
Elliott P. Gleason Senior Vice President of
Design Professionals Insruance DPIC; Vice President of
Company SICH
2959 Monterey/Salinas Highway
Monterey, California 93940
Francis J. Kelly, Jr. Vice President of Security
Orion Capital Companies Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032
Craig A. Nyman Vice President and
Orion Capital Companies Assistant Treasurer of
9 Farm Springs Drive Security Re and SICH
Farmington, Connecticut 06032
George K. Saba President of Nations'
Orion Capital Companies Care, Inc., an indirect
9 Farm Springs Drive subsidiary of Orion, and
Farmington, Connecticut 06032 Vice President of SICH
Kevin W. Sullivan Vice President-Investments
Orion Capital Corporation of Security Re and SICH
600 Fifth Avenue
New York, New York 10020
- ------------------------------------------------------------------
- 12 -
<PAGE>
Principal Occupation
Name and Address of Employment
- ---------------- ---------------------
Richard C. Tardif Vice President of Security
Orion Capital Companies Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032
David J. Vermeulen Senior Vice President of
Design Professionals Insurance DPIC and Vice President of
Company SICH
2959 Monterey/Salinas Highway
Monterey, California 93940
Peter M. Vinci Vice President of Security
Orion Capital Companies Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032
Florence E. Whitmire Senior Vice President of
Design Professionals Insurance DPIC and Vice President of
Company SICH
2959 Monterey/Salinas Highway
Monterey, California 93940
- 13 -
<PAGE>
EXHIBIT B
Sales of Rogers Common Stock by Security Re
--------------------------------------------
Number Price Per Share
Date of Shares (net of commission)
- ---- ---------- --------------------
10/17/94 1,900 $ 35.44
10/19/94 1,800 35.44
10/28/94 1,300 35.44
12/15/94 5,000 47.69
12/15/94 2,500 47.94
12/15/94 2,500 48.19
12/15/94 2,500 48.44
12/15/94 2,500 48.69
- 14 -
