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
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| Date of Report (Date of Earliest Event Reported): | | June 28, 2007 |
Bancinsurance Corporation
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(Exact name of registrant as specified in its charter)
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| Ohio | 0-8738 | 31-0790882 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 250 East Broad Street, 10th Floor, Columbus, Ohio | | 43215 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 614-220-5200 |
Not Applicable
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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective June 28, 2007, Si Sokol retired as the Chairman of the Board and Chief Executive Officer of Bancinsurance Corporation (the "Company") and the Company’s wholly-owned subsidiary, Ohio Indemnity Company ("OIC"). On June 28, 2007, the Board of Directors of the Company appointed John S. Sokol, the Company’s current President and acting Chief Executive Officer and a Director, as the Chairman of the Board and Chief Executive Officer of the Company. He will also continue to serve as the Company’s President. In addition, the Board of Directors of OIC elected John S. Sokol as OIC’s Chairman of the Board and Chief Executive Officer. He will also continue to serve as OIC’s President.
John S. Sokol, age 45, has served as the Company's acting Chief Executive Officer since March 2007 and President since June 1999. Prior to that, he was Executive Vice President of the Company from June 1996 until June 1999. From 1993 to June 1996, John S. Sokol was Vice President o f the Company. He joined the Company in 1993 after serving as an officer of Chemical Bank, a national provider of banking and financial services. John S. Sokol is the son of Si Sokol. The Company’s executive officers are elected by the Board of Directors and serve at the pleasure of the Board.
On June 28, 2007, the Company issued a press release announcing the retirement of Si Sokol and the appointment of John S. Sokol as his successor. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated June 28, 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.
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| | | Bancinsurance Corporation |
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| June 28, 2007 | | By: | | /s/ Matthew C. Nolan
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| | | | | Name: Matthew C. Nolan |
| | | | | Title: Vice President, Chief Financial Officer, Treasurer and Secretary |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | Press Release dated June 28, 2007 |
