8-K
false 0001494904 0001494904 2020-09-13 2020-09-13 0001494904 us-gaap:CommonStockMember 2020-09-13 2020-09-13 0001494904 us-gaap:SeniorSubordinatedNotesMember 2020-09-13 2020-09-13

 

 

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 Exchange Act of 1934

September 13, 2020

Date of Report (Date of earliest event reported)

 

 

GLOBAL INDEMNITY GROUP, LLC

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34809   85-2619578

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

Three Bala Plaza East, Suite 300

Bala Cynwyd, PA

  19004
(Address of principal executive offices)   (Zip Code)

(610) 664-1500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol

 

Name of each exchange

on which registered

Class A Common Shares, no par value   GBLI   NASDAQ Global Select Market
7.875% Subordinated Notes due 2047   GBLIL   NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 8.01

Other Events

On September 14, 2020, Global Indemnity Group, LLC (“Global Indemnity”) announced that its board of directors approved on September 13, 2020 a dividend payment of $0.25 per common share with a payment date of September 30, 2020 to all shareholders of record as of the close of business on September 25, 2020. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01

Other Events

(d) Exhibits

 

Exhibit
No.

  

Description

99.1    Press release for Global Indemnity Group, LLC dated September 14, 2020.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


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 hereunto duly authorized.

 

    Global Indemnity Group, LLC
September 14, 2020     By:  

/s/ Thomas M. McGeehan

    Name:   Thomas M. McGeehan
    Title:   Chief Financial Officer
EX-99.1

Exhibit 99.1

 

LOGO

PRESS RELEASE

For release: September 14, 2020

 

Contact:    Media
   Stephen W. Ries
   Senior Corporate Counsel & Secretary
   (610) 668-3270
   sries@global-indemnity.com

Global Indemnity Group Announces Quarterly Dividend

BALA CYNWYD, Pennsylvania, September 14, 2020 (GLOBE NEWSWIRE) — Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today its Board of Directors has approved a dividend payment of $0.25 per common share to be paid on September 30, 2020 to all shareholders of record as of the close of business on September 25, 2020.

About Global Indemnity Group, LLC and its subsidiaries

Global Indemnity Group, LLC (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Group, LLC’s four primary segments are:

 

   

Commercial Specialty

 

   

Specialty Property

 

   

Farm, Ranch, & Stable

 

   

Reinsurance

For more information, visit the Company’s website at http://www.global-indemnity.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained in this press release[1] do not address a number of risks and uncertainties, including COVID-19. Forward-looking statements in this press release include, but are not limited to, the Company’s cash dividend. These statements are based on current expectations as of the time of this press release and involve a number of risks, uncertainties and assumptions, including those described in the Company’s filings with the Securities and Exchange Commission. Investors are cautioned that it is not possible for the Company to predict all risks, nor can we assess the impact of all factors on its business or to the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof. Please see the Company’s filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the company and for a more detailed explication regarding forward-looking statements. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

[1] Disseminated pursuant to the “safe harbor” provisions of Section 21E of the Security Exchange Act of 1934.

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Document Type 8-K
Document Period End Date Sep. 13, 2020
Entity Registrant Name GLOBAL INDEMNITY GROUP, LLC
Entity Incorporation State Country Code DE
Entity File Number 001-34809
Entity Tax Identification Number 85-2619578
Entity Address, Address Line One Three Bala Plaza East
Entity Address, Address Line Two Suite 300
Entity Address, City or Town Bala Cynwyd
Entity Address, State or Province PA
Entity Address, Postal Zip Code 19004
City Area Code (610)
Local Phone Number 664-1500
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Pre Commencement Issuer Tender Offer false
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Common Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Class A Common Shares, no par value
Trading Symbol GBLI
Security Exchange Name NASDAQ
Senior Subordinated Notes [Member]  
Document And Entity Information [Line Items]  
Security 12b Title 7.875% Subordinated Notes due 2047
Trading Symbol GBLIL
Security Exchange Name NASDAQ