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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):
May 21, 1998
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
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(Exact name of registrant as specified in its charter)
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<CAPTION>
Delaware 0-19277 13-3317783
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<S> <C> <C>
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
Hartford Plaza
Hartford, Connecticut 06115-1900
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(Address of principal (Zip Code)
executive offices)
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Registrant's telephone number: (860) 547-5000
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Item 5. Other Events.
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On May 21, 1998, The Hartford Financial Services Group, Inc. ("The
Hartford") announced that its Board of Directors declared a two-for-one stock
split on The Hartford's shares of common stock in the form of a 100% stock
dividend. Additional information is set forth in The Hartford's press release
which is filed as an exhibit hereto.
Item 7. Financial Statements and Exhibits.
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(c) The following is filed as an exhibit to this Current Report.
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<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press release dated May 21, 1998.
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2
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SIGNATURE
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 hereunto duly authorized.
THE HARTFORD FINANCIAL SERVICES
GROUP, INC.
Date: May 21, 1998 By: /s/ James J. Westervelt
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Name: James J. Westervelt
Title: Senior Vice President
and Group Controller
3
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EXHIBIT INDEX
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<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press release dated May 21, 1998.
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4
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EXHIBIT 99.1
THE
HARTFORD
NEWS RELEASE
Hartford Plaza, Hartford, CT 06115
Date: May 21, 1998
For Release: Upon Receipt
Contact: Joyce Willis Cynthia Michener
Office: 860/547-4951 Office: 860/547-5624
THE HARTFORD DECLARES 2-FOR-1 STOCK SPLIT
Quarterly Dividend is 42 cents
HARTFORD, Conn. -- The Hartford Financial Services Group, Inc. (NYSE:HIG)
today announced that its Board of Directors declared a two-for-one split of
the company's common stock. The Board's action took place at a regularly
scheduled meeting following The Hartford's annual shareholders' meeting in
Chicago.
The stock split will be in the form of a 100 percent stock dividend, in which
one new share of common stock will be issued and distributed for each share
outstanding. The record date for the stock split will be the close of
business on June 24, 1998, and the distribution date will be July 15, 1998.
The Hartford currently has approximately 117.9 million shares outstanding.
The Hartford's Chairman and CEO, Ramani Ayer, said the stock split is another
example of the company's commitment to its shareholders. "This reflects our
confidence in the company's future and is an excellent way for us to improve
market liquidity and generate greater investor interest in our stock," he
said.
The Hartford's Board of Directors also declared a quarterly dividend of 42
cents per share. The dividend will be payable July 1, 1998 to shareholders of
record at the close of business on June 1, 1998.
The Hartford is one of the nation's oldest and largest international
insurance and financial services operations, with 1997 revenues of $13.3
billion. As of March 31, 1998, The Hartford had assets of $141.4 billion and
shareholder equity of $6.3 billion. The company is a leading provider of
commercial property and casualty insurance, automobile and homeowners
coverages, and a variety of life insurance, annuities, employee benefits and
asset management plans.
The Hartford's Internet address is http://www.thehartford.com.
