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 Act of 1934 Date of Report (Date of earliest event reported): October 7, 1998 THE NATIONAL SECURITY GROUP, INC. (Exact name of registrant as specified in its charter) Commission File Number: 0-18649 Delaware 63-1020300 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 661 East Davis Street, Elba, Alabama 36323 (Address of principal executive offices) (Zip code) (334) 897-2273 (Registrant's telephone number, including area code) Item 5. Other Events See the following press release, dated October 8, 1998, announcing the repurchase of 219,707 shares of National Security Group common stock: FOR IMMEDIATE RELEASE Contact: M.L. Murdock The National Security Group, Inc. (334) 897-2273 Ext. 238 Elba, Alabama (October 8, 1998)....The National Security Group, Inc. announced today that the Company has repurchased a block of 219,707 shares of its common stock, representing 9.7% of the total shares issued and outstanding. The transaction took place on October 7, 1998. The shares were repurchased at the market price of $11.51 per share. Company President, J.R. Brunson stated that the decision by the Board of Directors to repurchase the shares was a sign of confidence in the Company's future. The price paid for the shares was 58% of the reported book value per share as of June 30, 1998, based on Generally Accepted Accounting Principles. 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 thereunto duly authorized. The National Security Group, Inc. October 12, 1998 By: /S/ M.L. Murdock ----------------------- Chief Financial Officer