EMC Insurance Group Inc. is an insurance holding company that was incorporated in Iowa in 1974 by Employers Mutual Casualty Company (Employers Mutual) and became a public company in 1982 following the initial public offering of its common stock. EMC Insurance Group Inc. is approximately 55 percent owned by Employers Mutual, a multiple-line property and casualty insurance company organized as an Iowa mutual insurance company in 1911 that is licensed in all 50 states and the District of Columbia. The term “Company” is used interchangeably to describe EMC Insurance Group Inc. (Parent Company only) and EMC Insurance Group Inc. and its subsidiaries. Employers Mutual and all of its subsidiaries (including the Company) are referred to as the “EMC Insurance Companies.” On November 20, 2018, the Company announced receipt of a non-binding indicative proposal dated November 15, 2018 from Employers Mutual to purchase all the outstanding common stock of the Company not already owned by Employers Mutual, and the formation of a special committee of the Company's board of directors to consider the proposal. The proposal, which is subject to certain conditions, provides that the shares will be purchased at a price of $30 per share in cash. The special committee, which consists of the Company's four independent directors, has retained its own independent financial and legal advisors to assist it in considering the proposal. There can be no assurance that any definitive agreement will be finalized and executed or that the proposal transaction or any other transaction will be approved or consummated.
Company profile
Ticker
EMCI
Exchange
Website
CEO
Bruce Gunn Kelley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
426234555
EMCI stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
23 Sep 19
15-12G
Securities registration termination
19 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Sep 19
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Sep 19
POS AM
Prospectus update (post-effective amendment)
19 Sep 19
SC 13E3/A
Going private transaction (amended)
19 Sep 19
25-NSE
Exchange delisting
19 Sep 19
Latest ownership filings
4
Meyer T Lehman
23 Sep 19
4
LISA ANNE SIMONETTA
23 Sep 19
4
Larry Wayne Phillips
23 Sep 19
4
Elizabeth A Nigut
23 Sep 19
4
Matthew Dustin Griffin
23 Sep 19
4
BRUCE G KELLEY
23 Sep 19
4
Lisa Lynn Hamilton
23 Sep 19
4
Ian Christopher Asplund
23 Sep 19
4
DANIEL C CREW
23 Sep 19
4
DAN DAVID AKSAMIT
23 Sep 19
Institutional ownership, Q3 2021
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|