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): February 20, 2003
HIGHLANDS INSURANCE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-14028 75-2370945
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
275 Phillips Boulevard, Trenton, New Jersey 08618-1426
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (609) 896-1921
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
On October 31, 2002, Highlands Insurance Group, Inc. (the "Company")
and certain of its wholly owned subsidiaries commenced voluntary bankruptcy
cases (the "Bankruptcy Cases") under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the District of Delaware (the
"Bankruptcy Court"). The Company continues to manage its business as a
debtor-in-possession. On November 1, 2002, the Company submitted to the
Securities and Exchange Commissioner (the "SEC") a written request (the
"Request") for permission to file monthly operating reports (the "Monthly
Reports"), which it is required to file with the U.S. Bankruptcy Trustee and the
Bankruptcy Court in connection with the Bankruptcy Cases, during the pendency of
the Bankruptcy Cases in lieu of the reports it would otherwise file as required
by the Securities Exchange Act of 1934, as amended. The Company submitted to the
SEC a written supplement to the Request on November 14, 2002.
The Company's Monthly Report for January was filed by the Company with the
Bankruptcy Court on February 20, 2003, and is filed herewith as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
Exhibit No. Description
99.1 Monthly Operating Report filed by the Company with
the United States Bankruptcy Court for the District
of Delaware on February 20, 2003.
FORWARD LOOKING STATEMENTS
Except for historical information, this Form 8-K contains certain
forward-looking statements that involve risk and uncertainties, which may cause
actual results to differ materially from the statements made including market
potential, regulatory clearances, business growth, and other risks listed from
time to time in the Company's Securities and Exchange Commission (SEC) filings.
These forward-looking statements represent the Company's judgment, as of the
date of this release, and the Company disclaims any intent or obligation to
update these forward-looking statements.
SIGNATURE
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.
HIGHLANDS INSURANCE GROUP, INC.
Dated: March 5, 2003 By: /s/ Stephen L. Kibblehouse
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Stephen L. Kibblehouse, Chief Executive Officer
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Monthly Operating Report filed by the Company with
the United States Bankruptcy Court for the District
of Delaware on February 20, 2003.