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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) September 23, 1998
PICO HOLDINGS, INC.
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(Exact name of registrant as specified in charter)
California 0-18786 94-2723335
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
875 Prospect Street, Suite 301, La Jolla, California 92037
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 456-6022
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On September 30, 1998, the Registrant publicly announced that it and
its wholly-owned subsidiary, Physicians Insurance Company of Ohio,
signed an agreement on September 23, 1998 with PC Quote, Inc. The
agreement provides for the conversion of Physicians Insurance Company
of Ohio's $2,500,000 subordinated convertible debenture into Series A
5% Convertible Preferred Stocks and for the cancellation of the
Registrant's $3,290,000 working capital loan in return for Series B 5%
Convertible Preferred Stock. A copy of the press release relating to
this public announcement is attached hereto as Exhibit 99.
The agreement is subject to completion of certain conditions, including
approval by P C Quote's shareholders.
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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.
PICO HOLDINGS, INC.
Date: October 8, 1998 By: /s/ Gary W. Burchfield
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Gary W. Burchfield
Chief Financial Officer and Treasurer
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EXHIBITS INDEX
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Exhibit Number Description
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99. September 30, 1998 Press Release by PICO Holdings, Inc.
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