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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities and Exchange Act of 1934
Date of Report: May 20, 1997
ACORDIA, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-11446
(Commission File Number)
31-127880
(IRS Employer Identification Number)
120 Monument Circle
Indianapolis, Indiana 46204
(Address of principal executive offices and zip code)
(317) 488-6666
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On May 20, 1997 the registrant issued a News Release in which it and Anthem
Insurance Companies, Inc., announced that in furtherance of the previously
announced review of their current business and financial relationship, they are
in discussions with regard to a possible reorganization of the registrant's
health business, which could include an acquisition by Anthem of the publicly
owned shares of the registrant not currently owned by Anthem. Anthem further
announced that it is in discussions with a third party with regard to a possible
sale of the registrant's brokerage business. There can be no assurance that
these discussions will result in any transaction, or if so, as to the terms or
timing of any such transaction. As of May 1, 1997, Anthem owned approximately
67% of the registrant's outstanding common stock.
A copy of that News Release is filed herewith as Exhibit 99.1 and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
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Exhibit No. Description
- ----------- -----------
99.1 News Release of the registrant
dated May 20, 1997.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant had duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ACORDIA, INC.
/s/Keith A. Maib
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Keith A. Maib
Executive Vice President and
Chief Financial Officer
Date: May 20, 1997
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EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
99.1 News Release of the 5
registrant dated
May 20, 1997
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[LETTERHEAD OF ACORDIA, INC.]
Exhibit 99.1
ACORDIA AND ANTHEM UPDATE PREVIOUSLY ANNOUNCED
STRATEGIC REVIEW
FOR IMMEDIATE RELEASE-May 20, 1997
INDIANAPOLIS -- Acordia, Inc. (NYSE:ACO) and Anthem Insurance Companies, Inc.
announced today that in furtherance of the previously announced review of their
current business and financial relationship, they are in discussions with regard
to a possible reorganization of Acordia's health business, which could include
an acquisition by Anthem of the publicly owned shares of Acordia not currently
owned by Anthem. Anthem further announced that it is in discussions with a third
party with regard to a possible sale of Acordia's brokerage business. There can
be no assurance that these discussions will result in any transaction, or if so,
as to the terms or timing of any such transaction.
As of May 1, 1997, Anthem owned approximately 67% of Acordia's outstanding
common stock.
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For inquiries, contact:
Keith Maib
Executive Vice President & Chief Financial Officer
Acordia, Inc.
317-488-6561
Don Stengele
Director, Corporate Communications
Anthem, Inc.
317-488-6255
