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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) November 19, 1997
THE PMI GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-13664 94-3199675
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
601 MONTGOMERY STREET, SAN FRANCISCO, CALIFORNIA 94111
(Address of principal executive offices) (Zip Code)
(415) 788-7878
(Registrant's Telephone Number including Area Code)
(Former name or former address, if changed since last report)
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Item 5. Other Events
On November 19, 1997, The PMI Group, Inc., announced that its Board of
Directors authorized a new stock repurchase program to purchase up to $150
million of the Company's outstanding common stock. Under the new program,
management is authorized to repurchase shares from time to time in open market
transactions, as well as negotiated transactions or block purchases. The timing
and the amount of the repurchases, if any, will depend on market conditions and
corporate requirements.
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 PMI Group, Inc.
(Registrant)
By: /s/ Victor J. Bacigalupi
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Victor J. Bacigalupi, Senior Vice President,
General Counsel and Secretary
November 20, 1997
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