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) February 22, 1995
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20th Century Industries
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(Exact name of registrant as specified in its charter)
CALIFORNIA
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(State or other jurisdiction of incorporation)
0-6964 95-1935264
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(Commission File Number) (IRS Employer Identification No.)
6301 Owensmouth Avenue, Suite 700, Woodland Hills, CA 91367
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(Address of principal executive offices)
Registrant's telephone number, including area code ( 818 ) 704 - 3700
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(Former name or address, if changed since last report) NONE
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Item 5 Other Events
On February 22, 1995, the Registrant issued the attached News Release
announcing the retirement of Neil H. Ashley as chief executive officer, and the
appointment of William L. Mellick to that post.
The Company further announced that Neil H. Ashley and Rex J. Bates will
not stand for re-election at the annual meeting of shareholders ( now set for
May 25, 1995 rather than May 23, 1995 ) and that Mr. Mellick will stand
for election as a director, in place of Mr. Ashley.
SIGNATURES
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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 thereunto duly authorized.
20TH CENTURY INDUSTRIES
Date: February 27, 1995 John R. Bollington
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Secretary, Senior Vice President
and General Counsel
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20th Century Industries
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NEWS
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Contact: Jeanne Ouellette or
Rob Williams at 213/629-4974
Company contact: Rick Dinon
or Ric Hill at 818/704-3595
FOR IMMEDIATE RELEASE February 22, 1995
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20TH CENTURY ANNOUNCES CEO APPOINTMENT AND
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CHANGES TO THE COMPANY'S BOARD
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(WOODLAND HILLS, CA) -- John B. De Nault, chairman of the board of directors of
20th Century Industries today announced the retirement of Neil H. Ashley, chief
executive officer, on March 1, 1995 and the appointment of William L. Mellick to
the post.
Mellick, president and chief operating officer, will continue those
responsibilities as chief executive officer.
De Nault further announced that Mellick will stand for election to the company's
board at the annual meeting of shareholders May 23, 1995. He said Ashley will
not stand for re-election nor will Rex J. Bates. The company's nominations for
directors will total eleven, including Mellick, consistent with the terms of an
investment agreement approved by shareholders on December 15, 1994.
Bates was appointed to 20th Century's board in 1991 following his retirement
from State Farm Mutual Automobile Insurance Company where he served as vice
chairman and financial vice president. He is vice chairman of the 20th Century
board.
Ashley was named chief executive officer in 1993. He served as president and
chief operating officer of 20th Century from 1986 to 1989. Ashley is a member
of the legal firm of Slutes, Sakrison, Even, Grant and Pelander in Tucson,
Arizona.
Mellick was appointed president in 1994 after serving as executive vice
president and chief operating officer. He joined the company in 1979 as vice
president of operations.
- more -
6301 Owensmouth Avenue | Woodland Hills, CA 91367
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20TH CENTURY INDUSTRIES
Add One
20th Century Industries is a publicly-held company traded on the New York Stock
Exchange under the trading symbol TW. Wholly-owned subsidiaries are 20th
Century Insurance Company, which markets automobile and excess liability
insurance, and 21st Century Casualty Company, which markets automobile
insurance.
Both insurance subsidiaries sell directly to consumers without agents. 20th
Century Industries and subsidiaries' offices are located at 6301 Owensmouth
Avenue, Woodland Hills, CA 91367; 818-704-3514.
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