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Material Agreement · Company Update

Filed Dec 3, 2020 · 5y ago · Accession 0001104659-20-132058

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

Securities and Exchange Commission (the “SEC”) on June 6, 2018, as amended by Post-Effective Amendment No. 1 filed with the SEC on December 2, 2020, and a prospectus supplement, dated December 2, 2020, filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended.    The foregoing summary description of certain terms of the Underwriting Agreement is qualified in its entirety by the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 and is incorporated herein by reference.   Item 8.01 Other Events.   On December 2, 2020, the Company issued a press release announcing that it priced the Offering. A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference.   On December 2, 2020, the Company issued a press release announcing that its board of directors approved a $100 million authorization for the Company to repurchase its common stock. Stock repurchases under the authorization may be made from time to time through open market purchases, pursuant to 10b5-1 and 10b-18 plans, privately negotiated transactions, block trades, or pursuant to accelerated stock repurchase plans at management's discretion in accordance with applicable federal securities laws. A copy of the press release is filed as Exhibit 99.2 and is incorporated herein by reference.   Item 9.01 Financial Statements and Exhibits.     (d) Exhibits.     Exhibit Number   Description     1.1   Underwriting Agreement, dated December 2, 2020, between the Company, as issuer, and Wells Fargo Securities, LLC, BofA Securities, Inc. and RBC Capital Markets, LLC, as representatives of the several underwriters named therein.       99.1   Press release of Selective Insurance Group, Inc. dated December 2, 2020 relating to the Offering.       99.2   Press release of Selective Insurance Group, Inc. dated December 2, 2020 relating to the stock repurchase authorization.       104   The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.         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 thereunto duly authorized.     SELECTIVE INSURANCE GROUP, INC.         By: /s/ Michael H. Lanza     Michael H. Lanza     Executive Vice President and General Counsel   Date: December 3, 2020
Filing details
Ticker
SIGIP
CIK
230557
Form type
8-K
Filing date
Dec 3, 2020
Report date
Dec 2, 2020
Document
tm2037488d1_8k.htm
Size
519 KB