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 Act of 1934
Date of Report (Date of earliest event reported): October 7, 1998
THE NATIONAL SECURITY GROUP, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 0-18649
Delaware 63-1020300
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
661 East Davis Street, Elba, Alabama 36323
(Address of principal executive offices) (Zip code)
(334) 897-2273
(Registrant's telephone number, including area code)
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Item 5. Other Events
See the following press release, dated October 8, 1998, announcing the
repurchase of 219,707 shares of National Security Group common stock:
FOR IMMEDIATE RELEASE
Contact: M.L. Murdock
The National Security Group, Inc.
(334) 897-2273 Ext. 238
Elba, Alabama (October 8, 1998)....The National Security Group, Inc. announced
today that the Company has repurchased a block of 219,707 shares of its common
stock, representing 9.7% of the total shares issued and outstanding. The
transaction took place on October 7, 1998. The shares were repurchased at the
market price of $11.51 per share. Company President, J.R. Brunson stated that
the decision by the Board of Directors to repurchase the shares was a sign of
confidence in the Company's future. The price paid for the shares was 58% of the
reported book value per share as of June 30, 1998, based on Generally Accepted
Accounting Principles.
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.
The National Security Group, Inc.
October 12, 1998 By: /S/ M.L. Murdock
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Chief Financial Officer
