employers8k.htm
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): December 22, 2008
EMPLOYERS
HOLDINGS, INC.
(Exact
Name of Registrant as Specified in its Charter)
_____________________
NEVADA
(State
or Other Jurisdiction of
Incorporation)
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001-33245
(Commission
File Number)
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04-3850065
(I.R.S.
Employer Identification No.)
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10375
Professional Circle
Reno,
Nevada
(Address
of Principal Executive Offices)
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89521
(Zip
Code)
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Registrant's
telephone number including area code: (888)
682-6671
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No
Change Since Last Report
(Former
Name or Address, if Changed Since Last
Report)
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_____________________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o |
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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o |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
o |
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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o |
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Section
1 – Registrant's Business and Operations
Item
1.02. Termination of a Material Definitive Agreement.
On
December 22, 2008, Employers Holdings, Inc. (the "Company") and Regions Bank
mutually terminated (i) the Restated Loan and Security Agreement, dated May 23,
2008, between AmCOMP Incorporated and Regions Bank (the "Loan Agreement") and
(ii) the Loan and Security Agreement, dated May 23, 2008, between AmCOMP
Incorporated and Regions Bank (the "Credit Facility"). These
agreements were originally entered into by AmCOMP Incorporated, which was
acquired by the Company on October 31, 2008. In connection with the
termination of the Loan Agreement, the Company repaid all amounts outstanding
under the Loan Agreement, which amount totaled approximately $3.0
million. No amounts were outstanding under the Credit
Facility. There were no penalties associated with the termination of
either the Loan Agreement or the Credit Facility.
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.
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EMPLOYERS
HOLDINGS, INC.
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By:
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/s/
Lenard T. Ormsby
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Name:
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Lenard
T. Ormsby
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Title:
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Executive
Vice President, Chief
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Legal
Officer and General
Counsel
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Dated: December
24, 2008