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): January 23, 2003
Cobalt Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 1-14177 39-1931212
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
401 West Michigan Street
Milwaukee, Wisconsin 53203
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(Address of principal executive offices including zip code)
(414) 226-6900
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(Registrant's telephone number)
Item 5. Other Events and Regulation FD Disclosure.
On January 23, 2003, Cobalt Corporation announced that (i) it reaffirmed
previously issued earnings guidance for 2002, (ii) it revised its earnings
guidance for 2003, (iii) it plans to release its financial results for the
fourth quarter and full year 2002 after the close of the market on February 11,
2003 and (iv) its management will discuss 2002 financial results on a conference
call at 9:00 a.m. Central Time on Wednesday, February 12, 2003. Cobalt also
invited investors, analysts and the general public to listen to the February 12
conference call and provided instructions for doing so.
This Current Report on Form 8-K contains "forward-looking statements"
within the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements can
generally be identified because they are preceded by or include words like
"anticipate," "believe," "estimate," "expect," "forecast," "objective," "plan,"
"possible," "potential," "project" and similar expressions. Forward-looking
statements are statements based upon management's expectations at the time such
statements are made and are subject to risks and uncertainties that could cause
the Company's actual results to differ materially from those contemplated in the
statements. Those risks and uncertainties include rising health care costs,
business conditions, impact of elimination of memberships, competition in the
managed care industry, developments in health care reform and other regulatory
issues. Readers are cautioned not to place undue reliance on forward-looking
statements.
A copy of the press release issued with respect to these matters is
attached hereto as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
(99) Press Release, dated January 23, 2003, issued by Cobalt
Corporation.
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.
COBALT CORPORATION
Date: January 23, 2003
By: /s/ Gail L. Hanson
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Gail L. Hanson
Senior Vice President, Treasurer and
Chief Financial Officer
COBALT CORPORATION
EXHIBIT INDEX TO FORM 8-K
Report Dated December 31, 2002
Exhibit
No. Description
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99 Press Release, dated January 23, 2003, issued by Cobalt Corporation.