UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 16, 2007
AMERICAN PHYSICIANS CAPITAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Commission File Number000-32057
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Michigan
(State of Incorporation) | | 38-3543910
(IRS Employer Identification No.) |
1301 North Hagadorn Road, East Lansing, Michigan 48823
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code):(517) 351-1150
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:
| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On August 16, 2007, American Physicians Capital, Inc. announced in a press release that its Board of Directors authorized $20 million to repurchase its common shares under management’s discretion in the open market or in privately negotiated transactions during its normal trading windows. The Company will deplete the May 22, 2007 authorization totaling $15 million before commencing the new $20 million authorization. The Company also confirmed that it does not have any subprime mortgage exposure in its investment portfolio. The related press release is attached hereto as Exhibit 99.1 and incorporated herein as referenced.
Item 9.01 Financial Statements and Exhibits.
| | 99.1 | | Press release dated August 16, 2007 |
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.
August 17, 2007
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| | AMERICAN PHYSICIANS CAPITAL, INC.
(Registrant)
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| | By: | /s/ R. KEVIN CLINTON | |
| | | R. Kevin Clinton | |
| | | President and Chief Executive Officer | |
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INDEX OF EXHIBITS
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| Exhibit No. | | Description |
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| 99.1 | | Press release dated August 16, 2007 |
