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 30, 1997 COMMERCE GROUP CORP. (Exact name of registrant as specified in its charter) DELAWARE (State or other jurisdiction of incorporation) 1-7375 39-6050862 (Commission File Number) (IRS Employer Identification No.) 6001 North 91st Street, Milwaukee, Wisconsin 53225-1795 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (414) 462-5310 Page 1 of __ pages Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 3.3 Certificate of Designation for Series A Convertible Pre- ferred Stock. Item 9. Sales of Equity Securities Pursuant to Regulation S. On January 30, 1997 the Registrant sold 1,500 shares of Series A Convertible Preferred Stock for $1,500,000 under Regulation S. Sales commissions of 12% were paid. The Registrant also sold an additional 1,000 shares of the Series A Convertible Preferred Stock under Section 4(2) to U.S. purchasers. The Series A Convertible Preferred Stock is convertible into common stock at the lower of $2.90 per share or 65% of the closing bid price of the common stock averaged over the five days prior to conversion. Upon notice of conversion by the holder, at the option of the Registrant, the Registrant has the right to redeem the Series A Convertible Preferred Stock at a price of $1,350 per share. 2 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. Dated: February __, 1997 COMMERCE GROUP CORP. By: /s/ Edward L. Machulak Chairman and President 3