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AmCOMP 8-K 2008 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): September 26,
2008
Registrant’s
telephone number, including area code: (561)
840-7171
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))
On
September 26, 2008, AmCOMP Incorporated (the “Company”) entered into the First
Amendment (the “Amendment”) to the Employment Agreement, dated as of January 5,
2007 (the “Employment Agreement”), by and between the Company and George Harris,
Senior Vice President, General Counsel and Secretary. The Amendment
provides notice that upon closing of the merger contemplated by the Agreement
and Plan of Merger, dated as of January 10, 2008, as amended, by and among the
Company, Employers Holdings, Inc. and Sapphire Acquisition Corp., Mr. Harris’s
Employment Agreement will terminate effective as of December 31,
2008. Mr. Harris has agreed to serve as a consultant to the Company
for up to six months following the termination of his
employment. Under the Amendment, Mr. Harris’s termination will
entitle him to the severance payments and benefits described in his Employment
Agreement for a period of 30 months. In consideration of Mr. Harris’s
agreement to serve as a consultant, the Amendment provides that Mr. Harris will
have no duty to mitigate any damages that he may incur by reason of the
termination of his employment under certain circumstances and, consequently, he
will be entitled to receive the aforementioned severance payments and benefits
regardless of any income that he may receive from other sources following the
date that he becomes entitled to receive such severance payments and
benefits.
The
foregoing description of the Amendment does not purport to be complete and is
qualified in its entirety by reference to the Amendment, which is filed herewith
as Exhibit 10.1 and is incorporated herein by reference.
(d) Exhibits.
Exhibit
Number Description
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.
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