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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) November 18, 1999
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THE PROGRESSIVE CORPORATION
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(Exact name of registrant as specified in its charter)
Ohio 1-9518 34-0963169
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
6300 Wilson Mills Road, Mayfield Village, Ohio 44143
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 440-461-5000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On November 18, 1999, The Progressive Corporation (the "Company") issued a News
Release concerning the appointment of certain senior officers and the
realignment of senior management of the Company. A copy of the News Release,
which is hereby incorporated by reference in this Current Report on Form 8-K, is
attached hereto as Exhibit 99.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following Exhibit is filed as part of this report:
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Exhibit No. Description
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<S> <C>
99 News Release dated November 18, 1999
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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 thereunto duly authorized.
Dated: November 22, 1999
THE PROGRESSIVE CORPORATION
By: /s/ David M. Schneider
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Name: David M. Schneider
Title: Secretary
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Form 8-K
Under Reg. Exhibit
S-K Item 601 No. Description of Exhibit
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<S> <C> <C>
99 99 News Release dated November 18, 1999
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EXHIBIT NO. 99
News Release dated November 18, 1999
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[PROGRESSIVE LOGO]
NEWS
RELEASE
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The Progressive Corporation COMPANY CONTACT:
6300 Wilson Mills Road Jeffrey W. Basch
Mayfield Village, Ohio 44143 (440) 446-2851
http://www.progressive.com
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PROGRESSIVE REALIGNS SENIOR MANAGEMENT
NEW STRUCTURE ALLOWS PETER LEWIS TO
DELEGATE INSURANCE OPERATIONS RESPONSIBILITY
MAYFIELD VILLAGE, Ohio -- November 18, 1999 -- Peter B. Lewis, Chairman,
President and CEO- Insurance Operations, The Progressive Corporation (NYSE:PGR),
today announced that Glenn Renwick will be named CEO of Insurance Operations
effective January 1, 2000.
Lewis said: "This is an important delegation of responsibilities for
me. New leadership is essential to continued extraordinary performance. As we
grow, continuous innovation in claims, technology and distribution is critical
to Progressive's success. I will manage key staff roles and continue to be
actively involved in the Company's strategic direction."
Renwick will join the Board of Directors and will assume responsibility
for the Company's four businesses (Independent Agent, Direct, Internet and
Strategic Alliances), as well as Consumer Marketing, Product Development and
Claims. He will retain responsibility for Information Technology. Lewis will
retain responsibility for Finance, Legal, Human Resources and Communications.
Lewis will remain Chairman and President and will take a CEO title
representative of his overall responsibilities. Charles B. Chokel will retain
the title of CEO-Investments and Capital Management. Renwick and Chokel will
report to Lewis.
Renwick joined the Company in 1986 as Product Manager in Florida. He
was named president of the Company's Mid-Atlantic Division in 1988 and president
of the California Division in 1991. He began the Company's Express Quote
Service, a fee-for-service auto insurance rate comparison service. In 1993, he
was appointed Director of Consumer Marketing. In that role, he expanded Express
Quote countrywide and offered it free as the Company's 1 800 AUTO PRO(R)
service, the industry's only 24 hour a day, seven day a week auto insurance rate
comparison and shopping service. In his Consumer Marketing role, Renwick was
instrumental in the development of the company's first ever television
advertising campaigns. He was named Chief Information Officer in January 1998.
-MORE-
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Prior to joining Progressive, Renwick was a member of the technical
staff for Bell Labs and a consultant with Ernst and Whinney. He holds an
undergraduate degree in Mathematics and Economics from the University of
Canterbury, Christchurch, New Zealand and a Master's degree in Engineering from
the University of Florida, Gainesville.
In business since 1937, Progressive provides consumers throughout the
United States with competitively-priced automobile insurance available through
more than 30,000 Independent Agents, over the phone (1 800 AUTO PRO) and on the
Internet at progressive.com. Progressive provides all policyholders with 24
hour, in-person claims and customer service. The Company's other lines of
business include writing insurance for small fleets of commercial vehicles,
lenders' collateral protection and directors' and officers' liability and
providing related services. More information about the Company can be found on
the World Wide Web at progressive.com.
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