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): November 3, 2015
RLI Corp.
(Exact name of registrant as specified in its charter)
Illinois |
| 001-09463 |
| 37-0889946 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) |
| File Number) |
| Identification No.) |
9025 North Lindbergh Drive, Peoria, IL |
| 61615 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (309) 692-1000
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)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On November 3, 2015, RLI Corp. (“RLI”) completed the previously-announced sale of its subsidiary RLI Indemnity Company (“RLIC”) to Clear Blue Financial Holdings, LLC. RLIC was sold as a ‘shell’ transaction, with net sale proceeds of $7.5 million.
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.
| RLI CORP. | |
|
| |
Date: November 3, 2015 | By: | /s/ Daniel O. Kennedy |
| Daniel O. Kennedy | |
| Vice President and General Counsel | |