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
Date of Report (Date of earliest event reported): May 24,2004
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EMC INSURANCE GROUP INC.
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(Exact name of registrant as specified in its charter)
Iowa 0-10956 42-623455
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
717 Mulberry Street, Des Moines, Iowa 50309
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(Address of principal executive office) (Zip Code)
(515) 280-2902
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(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure
On May 21, 2004, EMC Insurance Group Inc. issued the following press
release:
EMC INSURANCE GROUP INC. DECLARES
90th CONSECUTIVE QUARTERLY DIVIDEND
AND ANNOUNCES THE ELECTION OF TWO
NEW DIRECTORS TO ITS BOARD
DES MOINES, Iowa (May 21, 2004) - The Board of Directors of EMC
Insurance Group Inc. (Nasdaq/NM:EMCI) has declared a quarterly dividend of
fifteen (15) cents per share of common stock payable June 10, 2004 to
shareholders of record as of June 3, 2004. This is the ninetieth consecutive
quarterly dividend paid since EMC Insurance Group Inc. became a publicly held
company in February 1982.
Additionally, the shareholders of EMC Insurance Group Inc. elected two
new directors, Margaret A. Ball and Joanne L. Stockdale, to its Board of
Directors at its Annual Meeting held earlier today.
Margaret Ball's career in insurance spans more than 40 years. She began
working for Employers Mutual Casualty Company in 1971 and held various
positions in underwriting during her career. She retired from Employers
Mutual in 2001 as senior vice president of underwriting where she oversaw
more than 50 underwriters in the home office and provided direction to more
than 200 underwriters in branch offices across the nation. She received her
Chartered Property Casualty Underwriter (CPCU) designation in 1968, followed
by Associate in Underwriting, Associate in Marine Insurance Management,
Associate in Reinsurance and Associate in Management designations from the
Insurance Institute of America. Her professional affiliations include the
Property Casualty Insurers Association of America (formerly Alliance of
American Insurers), the Insurance Institute of America, the Drake University
School of Business and the Iowa CPCU Society. Ball was inducted into the Iowa
Insurance Hall of Fame in 2002.
Joanne Stockdale is president and owner of Northern Iowa Die Casting,
Inc., a company with 100 employees and customers in 11 states and five
countries. She worked as an elementary school teacher and a certified public
accountant before purchasing the company in 1983. Stockdale is a member of
Iowa's Strategy 2010 Committee, the Iowa Public Employees Retirement System
Investment Board, the Federal Small Business Administration Regulatory
Fairness Board Region VII and chairs the Governor's Task Force on Governance
and Structure of the Iowa Public Employees Retirement System. She is active
in the Iowa Association of Business and Industry and the National Association
of Accountants. Stockdale is a member of the North American Die Casting
Association, the American Institute of Certified Public Accountants and the
Iowa Society of Certified Public Accountants. Stockdale attended Iowa State
University and Drake University and became a Certified Public Accountant in
1974.
EMC Insurance Group Inc., the publicly-held insurance holding company of
EMC Insurance Companies, owns subsidiaries with operations in property and
casualty insurance and reinsurance. EMC Insurance Companies is one of the
largest property and casualty entities in Iowa and among the top 60 insurance
entities nationwide. For more information, visit our website
www.emcinsurance.com.
The Private Securities Litigation Reform Act of 1995 provides issuers
the opportunity to make cautionary statements regarding forward-looking
statements. Accordingly, any forward-looking statement contained in this
report is based on management's current expectations and actual results of
the Company may differ materially from such expectations. The risks and
uncertainties that may affect the actual results of the Company include but
are not limited to the following: catastrophic events and the occurrence of
significant severe weather conditions; state and federal legislation and
regulations; rate competition; changes in interest rates and the performance
of financial markets; the adequacy of loss and settlement expense reserves,
including asbestos and environmental claims; rate agency actions and other
risks and uncertainties inherent to the Company's business.
The information contained in this Current Report shall not be deemed to
be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be incorporated by reference into a filing under the
Securities Act of 1933, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
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.
EMC INSURANCE GROUP INC.
Registrant
/s/ Bruce G. Kelley
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Bruce G. Kelley
President & Chief Executive Officer
/s/ Mark E. Reese
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Mark E. Reese,
Vice President & Chief Financial Officer
May 24, 2004