The total number of sequentially numbered pages in this manually signed
original is 5. Exhibit Index is sequential page no. 4.
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) January 28, 1997
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INTEGON CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 001-10997 13 3559471
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
500 West Fifth Street
Winston-Salem, North Carolina 27152
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(Address of Principal Executive Offices)
(Zip Code)
(910) 770-2000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former name or address, if changed from last report)
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Item 5. Other Events.
On January 28, 1997, Integon Corporation (the "Company") issued a press
release announcing the offering by Integon Capital I of capital securities,
Series A, having a liquidation amount of $100 million under Rule 144A and
Regulation D of the Securities Act of 1933, as amended. A copy of the press
release is attached hereto as Exhibit Exhibit 99.1.
Item 7. Exhibits.
99.1 Press release, dated January 28, 1997, issued by the Company
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on January 28, 1997.
INTEGON CORPORATION
By: /s/ Donald F. McKee
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Donald F. McKee
Senior Vice President
and Chief Financial Officer
(Principal Financial Officer)
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EXHIBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
- ---------- ---------- ---------------
99.1 Press release, dated January 28,
1997, issued by the Company. Page 5
Page 4
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Exhibit 99.1
Integon Corporation
Winston-Salem, NC 27152
Analysts' Contact:
Gay Huntsman (910) 770-3074
Media Contact:
Turner Coley (910) 760-3000
Integon Announces Offering by Integon Capital I
WINSTON-SALEM, NC, JANUARY 28, 1997 -Integon Corporation (NYSE:IN)
today announced the offering by Integon Capital I of Capital Securities, Series
A, having a liquidation amount of $100 million under Rule 144A and Regulation D
of the Securities Act of 1933, as amended. The Capital Securities Series A have
not been registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent such registration or an applicable
exemption from registration requirements. Integon Capital I is a Delaware
business trust controlled by Integon Corporation.
Integon Corporation intends to use the net proceeds from the securities
to contribute $50 million to its insurance subsidiaries and to use the remaining
proceeds to reduce the amount outstanding under its bank credit facility and for
other general corporate purposes.
Integon Corporation, through its wholly owned property and casualty
insurance subsidiaries, specializes in the underwriting and marketing of
nonstandard and other specialty automobile insurance products to individuals.
The Company, headquartered in Winston-Salem, North Carolina, markets its
products through approximately 13,000 independent agencies in 29 states.
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