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): | December 24, 2007 |
Max Capital Group Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)
Bermuda | 000-33047 | Not Applicable |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
Max House, 2 Front Street, Hamilton, Bermuda | HM 11 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | (441) 295-8800 |
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:
[ ] 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))
Item 1.01 Entry into a Material Definitive Agreement.
On December 24, 2007, the Registrant entered into an agreement, effective January 2, 2008 (the "ASR Agreement"), to purchase $50 million of its common shares from Merrill Lynch, Pierce, Fenner & Smith Incorporated pursuant to an accelerated share repurchase program.
The Registrant is acquiring these shares as part of a share repurchase program initially approved by its Board of Directors on September 21, 2001, as modified thereafter.
A copy of the ASR Agreement is attached hereto as Exhibit 10.1 and incorporated by reference herein.
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.
Max Capital Group Ltd. | ||||
December 28, 2007 | By: | Peter A. Minton | ||
Name: Peter A. Minton | ||||
Title: Executive Vice President and Chief Operating Officer |
Exhibit Index
Exhibit No. | Description | |
10.1 | Accelerated Share Repurchase Agreement |