_____________________
| OMB APPROVAL |
|_____________________|
|OMB NUMBER: 3235-0145|
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | NOVEMBER 30, 2002|
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
|_____________________|
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Insurance Management Solutions Group, Inc.
-------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------------------------------
(Title of Class of Securities)
458045101
---------------------------------------------------------------
(CUSIP Number)
Bankers Insurance Group, Inc.
Attn: Robert G. Southey, Esq.
Secretary and General Counsel
360 Central Avenue
St. Petersburg, Florida 33701
(727) 823-4000
With a copy to:
Thomas J. Dougherty, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
One Beacon Street
Boston, MA 02108
(617)573-4800
------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 21, 2002
------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
o If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
o Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
o The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
o The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers Insurance Group, Inc.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES
----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,349,884 (see item 5)
----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,349,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers Insurance Company
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
3,528,455 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
3,528,455 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,528,455 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.7%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers Security Insurance Company
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
4,821,429 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
4,821,429 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,821,429 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.3%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers Financial Corporation
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,349,884 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
8,349,884 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers International Financial Corporation
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,349,884 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
8,349,884 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bankers International Financial Corporation, Ltd.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,349,884 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
8,349,884 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Ansbacher (Cayman) Limited , as trustee for
Bankers International Financial Corporation II Trust
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,349,884 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
8,349,884 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Independent Foundation for the Pursuit of Charitable Endeavors,
Ltd.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,349,884 (see item 5)
OWNED BY -----------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING -----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
8,349,884 (see item 5)
WITH
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,349,884 (see item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
68.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
Note: This Amendment No. 4 to Schedule 13D amends the Statement on Schedule
13D dated May 24, 2002 (the "Schedule 13D"), as amended by Amendment
No. 1 dated July 19, 2002 ("Amendment No. 1"), Amendment No. 2 dated
August 8, 2002 ("Amendment No. 2") and Amendment No. 3 dated August
16, 2002 ("Amendment No. 3") filed on behalf of (i) Bankers Insurance
Group, Inc., a Florida corporation ("BIG"); (ii) Bankers Insurance
Company, a Florida corporation and wholly-owned subsidiary of BIG
("BIC"), as a direct beneficial owner of Common Stock; (iii) Bankers
Security Insurance Company, a Florida corporation and jointly-owned
subsidiary of BIG and BIC ("BSIC"), as a direct beneficial owner of
Common Stock; (iv) Bankers Financial Corporation ("BFC"), Bankers
International Financial Corporation ("BIFC") and Bankers
International Financial Corporation, Ltd. ("BIFC Ltd."), all of which
are Florida corporations, except BIFC Ltd., which is a Cayman Islands
corporation, as the direct, indirect and ultimate parent
corporations, respectively, of BIG; (v) Ansbacher (Cayman) Limited
("Ansbacher"), as trustee of the Bankers International Financial
Corporation II Trust, a discretionary charitable trust which includes
all of the outstanding shares of BIFC Ltd.; and (vi) Independent
Foundation for the Pursuit of Charitable Endeavors, Ltd., ("IFPCE"),
a not-for-profit Cayman company, which possesses certain
discretionary powers to direct Ansbacher's ultimate disposition of
the shares of BIFC Ltd., relating to the Common Stock (as defined in
the Schedule 13D).
Item 1. Security and Issuer.
The class of equity securities to which this Statement relates is the
common stock, par value $.01 per share (the "Common Stock"), of Insurance
Management Solutions Group, Inc. (the "Issuer"). The principal executive
offices of the Issuer are located at 801 94th Avenue North, St. Petersburg,
Florida 33702.
Item 2. Identity and Background.
Schedules 1-A through 1-F are amended and restated and attached
hereto.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended by adding the following
(capitalized terms used, but not otherwise defined, herein have the meanings
ascribed thereto in the Schedule 13D, Amendment No. 1, Amendment No. 2 or
Amendment No. 3):
On November 21, 2002, the Issuer terminated the Merger Agreement and
its intention to commence the Offer.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended by adding the following:
On November 21, 2002, BIG, BIC, BSIC and Acquisition Sub received
notice from the Issuer of the termination of the Merger Agreement. A copy of
this notice is attached hereto as exhibit 4.4 and is incorporated herein by
reference. In a press release, the Issuer announced that its board of
directors, upon the recommendation of the Special Committee, withdrew their
approval of, and the Issuer terminated the Merger Agreement and its intention
to commence the Offer.
Beginning in November, BIG has been involved in preliminary
discussions with a third party potentially interested in acquiring the Issuer
or its business, including discussions as to the potential terms of a possible
transaction in which the third party would acquire the outstanding equity
securities of the Issuer. To date, these discussions have remained of a
general, preliminary nature.
The Reporting Persons intend to review their holdings in the Issuer
on a continuing basis. As part of this ongoing review, the Reporting Persons
have engaged, and may in the future engage, legal and financial advisors to
assist them in such review and in evaluating strategic alternatives that are
or may become available with respect to their holdings in the Issuer.
In that connection, and depending upon, among other things, current
and anticipated future trading prices for the Common Stock, the financial
condition, results of operations and prospects of the Issuer and its
businesses, general economic, market and industry conditions, and the
Reporting Persons' overall investment portfolio, strategic objectives and
financial condition, the Reporting Persons may from time to time consider a
number of possible strategies for enhancing the value of their investment in
the Issuer, or other extraordinary matters relating to the Issuer, including,
among other things, continued ownership of the shares of Common Stock
currently beneficially owned by the Reporting Persons; acquiring additional
securities of the Issuer in the open market, in privately negotiated
transactions or otherwise; structuring a loan or loans secured by some or all
of the shares of Common Stock beneficially owned by the Reporting Persons;
disposing of some or all of the securities of the Issuer beneficially owned by
them; proposing or seeking to take control of the Issuer or otherwise to
effect an extraordinary corporate transaction such as an acquisition, merger,
recapitalization, reorganization or liquidation involving the Issuer or any of
its subsidiaries or a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; or proposing or effecting any other
transaction or matter that would constitute or result in any of the
transactions, matters or effects enumerated in Item 4 of this Schedule 13D.
The review and the considerations noted above may lead to the taking
of any of the actions set forth above or may lead the Reporting Persons to
consider other alternatives. However, there can be no assurance that the
Reporting Persons will develop any plans or proposals with respect to any of
the foregoing matters or take any particular action or actions with respect to
some or all of their holdings in the Issuer, or as to the timing of any such
matters should they be so pursued by the Reporting Persons. The Reporting
Persons reserve the right, at any time and in each Reporting Person's sole
discretion, to take any of the actions set forth above.
Item 5. Interest in the Securities of the Issuer.
The second paragraph of Item 5(a) of the Schedule 13D is hereby
amended and restated as follows:
Of the Disclosed Parties named in Item 2, Robert M. Menke directly
beneficially owns 162,200 shares of Common Stock (representing approximately
1.3% of the outstanding shares of Common Stock), Bill Gunter directly
beneficially owns 500 shares of Common Stock (representing less than 1% of the
outstanding shares of Common Stock), J. Wayne Mixson directly beneficially
owns 53,000 shares of Common Stock (representing less than 1% of the
outstanding shares of Common Stock), Brett M. Menke directly beneficially owns
12,000 shares of Common Stock (representing less than 1% of the outstanding
shares of Common Stock), David K. Meehan directly beneficially owns 2,200
shares of Common Stock (representing less than 1% of the outstanding shares of
Common Stock), Edwin C. Hussemann directly beneficially owns 1,400 shares of
Common Stock (representing less than 1% of the outstanding shares of Common
Stock), Steven K. Kurcan directly beneficially owns 200 shares of Common Stock
(representing less than 1% of the outstanding shares of Common Stock) and
Kathleen M. Batson directly beneficially owns 200 shares of Common Stock
(representing less than 1% of the outstanding shares of Common Stock).
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended by adding the following:
On November 21, 2002, the Issuer terminated the Merger Agreement and
its intention to commence the Offer.
Item 7. Material to be Filed as Exhibits.
4.1 Letter from BIG to the Special Committee dated March 21,
2002 (1)
4.2 Letter from BIG to the Special Committee dated July 16, 2002
(3)
4.3 Letter from BIG to the Special Committee dated August 5,
2002 (4)
4.4 Letter from Insurance Management Solutions Group, Inc. to
Bankers Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company and Bankers Management
Corporation dated as of November 21, 2002.
10.1 Agreement and Plan of Merger dated as of August 14, 2002
among Bankers Insurance Group, Inc., Bankers Insurance
Company, Bankers Security Insurance Company, Bankers
Management Corporation and Insurance Management Solutions
Group, Inc. (5)
99.1 Agreement of Joint Filing dated as of May 24, 2002 among
Bankers Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company, Bankers Financial
Corporation, Bankers International Financial Corporation,
Bankers International Financial Corporation, Ltd., Ansbacher
(Cayman) Limited, as trustee of the Bankers International
Financial Corporation II Trust and Independent Foundation
for the Pursuit of Charitable Endeavors, Ltd. (1)
99.2 Power of Attorney for Bankers International Financial
Corporation, Ltd. (1)
99.3 Power of Attorney for Ansbacher (Cayman) Limited, as trustee
for the Bankers International Financial Corporation II
Trust (1)
99.4 Power of Attorney for Independent Foundation for the Pursuit
of Charitable Endeavors, Ltd. (2)
(1) Incorporated by reference to the Reporting Persons' Schedule 13D filed
with the SEC on May 24, 2002.
(2) Incorporated by reference to the Reporting Persons' Schedule 13G filed
with the SEC on April 5, 2000.
(3) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 1, filed with the SEC on July 19, 2002.
(4) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 2, filed with the SEC on August 9, 2002.
(5) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 3, filed with the SEC on August 16, 2002.
The Index of Exhibits attached to this Statement is hereby
incorporated by reference in its entirety.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Statement is true, complete
and correct.
Dated: November 25, 2002
BANKERS INSURANCE GROUP, INC.
By: /s/ Robert G. Southey
----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President
BANKERS INSURANCE COMPANY
By: /s/ Robert G. Southey
----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President
BANKERS SECURITY INSURANCE COMPANY
By: /s/ Robert G. Southey
----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President
BANKERS FINANCIAL CORPORATION
By: /s/ David K. Meehan
----------------------------
Name: David K. Meehan
Title: Director
Vice Chairman
President
BANKERS INTERNATIONAL FINANCIAL
CORPORATION
By: /s/ David K. Meehan
---------------------------
Name: David K. Meehan
Title: Director
Vice Chairman
President
BANKERS INTERNATIONAL FINANCIAL
CORPORATION, LTD.
By: /s/ David K. Meehan
----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 5/16/02
ANSBACHER (CAYMAN) LIMITED, AS
TRUSTEE FOR THE BANKERS
INTERNATIONAL FINANCIAL
CORPORATION II TRUST
By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 5/16/02
INDEPENDENT FOUNDATION FOR THE
PURSUIT OF CHARITABLE ENDEAVORS,
LTD.
By: /s/ David K. Meehan
----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 2/10/99
Schedule 1-A
BANKERS INSURANCE GROUP, INC.
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Bankers Insurance Group, Inc. are set forth below. The business
address for each person listed below, unless otherwise indicated, is c/o
Bankers Insurance Group, Inc., 360 Central Avenue, St. Petersburg, Florida
33701.
Item 2
Name Occupation Business Address
Robert M. Menke Director, Chairman, President
David J. Nye Director, Vice Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611
Douglas B. Pierce Director, Vice Chairman
Edwin C. Hussemann Director, Treasurer
Robert G. Menke Director
David K. Meehan Director, Vice Chairman
Duane M. DiPirro Director and Consultant 22 Hampton Court
Lancaster, NY 14086
Gary J. Forbes Director Forbes Agency, Inc.
135 Bedford Road
Katonah, NY 10536
Bill Gunter Director Rogers, Atkins, Gunter &
Associates Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303
J. Wayne Mixson Director
John A. Strong Director and Doctor 301 East Wendover Ave.
Suite 100
Greensboro, NC 27401
Robert G. Southey Secretary, Vice President
Kathleen M. Batson Vice President
B. Bradford Martz Vice President
Schedule 1-B
BANKERS INSURANCE COMPANY
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Bankers Insurance Company are set forth below. The business address
for each person listed below, unless otherwise indicated, is c/o Bankers
Insurance Company, 360 Central Avenue, St. Petersburg, Florida 33701.
Item 2
Name Occupation Business Address
David J. Nye Director, Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611
Edwin C. Hussemann Director, Treasurer
Robert M. Menke Director
David K. Meehan Director, Vice Chairman, President
Robert G. Menke Director
Duane M. DiPirro Director and Consultant 22 Hampton Court
Lancaster, NY 14086
Gary J. Forbes Director Forbes Agency, Inc.
135 Bedford Road
Katonah, NY 10536
Bill Gunter Director Rogers, Atkins, Gunter
& Associates Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303
J. Wayne Mixson Director
John A. Strong Director and Doctor 301 East Wendover Ave.
Suite 100
Greensboro, NC 27401
Robert G. Southey Secretary, Vice President
Kathleen M. Batson Secretary, Vice President
Brian J. Kesneck Vice President
Barbara A. Peat Vice President
Teresa D. Heller Vice President
Schedule 1-C
BANKERS SECURITY INSURANCE COMPANY
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Bankers Security Insurance Company are set forth below. The
business address for each person listed below, unless otherwise indicated, is
c/o Bankers Security Insurance Company, 360 Central Avenue, St. Petersburg,
Florida 33701.
Item 2
Name Occupation Business Address
David J. Nye Director, Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611
Edwin C. Hussemann Director, Treasurer
Robert M. Menke Director
David K. Meehan Director, Vice Chairman, President
Robert G. Menke Director
Duane M. DiPirro Director and Consultant 22 Hampton Court
Lancaster, NY 14086
Gary J. Forbes Director Forbes Agency, Inc.
135 Bedford Road
Katonah, NY 10536
Bill Gunter Director Rogers, Atkins, Gunter & Associates
Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303
J. Wayne Mixson Director
John A. Strong Director and Doctor 301 East Wendover Ave.
Suite 100
Greensboro, NC 27401
Robert G. Southey Secretary, Vice President
Kathleen M. Batson Secretary, Vice President
Barbara A. Peat Vice President
Teresa D. Heller Vice President
Schedule 1-D
BANKERS FINANCIAL CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Bankers Financial Corporation are set forth below. The business
address for each person listed below, unless otherwise indicated, is c/o
Bankers Financial Corporation, 360 Central Avenue, St. Petersburg, Florida
33701.
Item 2
Name Occupation Business Address
Robert M. Menke Director, Chairman
Robert G. Menke Director
David K. Meehan Director, Vice Chairman, President
Edwin C. Hussemann Director, Treasurer
Brett M. Menke Director
Kenneth P. Cherven Director
Ralph E. Stevens, Jr. Director and President Stevens & Stevens
11515 53rd Street N.
Clearwater, Florida 33760
David R. Punzak Director and Attorney Carlton Fields
One Progress Plaza
20th Floor
St. Petersburg, Florida 33701
Steven K. Kurcan Vice President
Schedule 1-E
BANKERS INTERNATIONAL FINANCIAL CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Bankers International Financial Corporation are set forth below.
The business address for each person listed below, unless otherwise indicated,
is c/o Bankers International Financial Corporation, 360 Central Avenue, St.
Petersburg, Florida 33701.
Item 2
Name Occupation Business Address
Robert M. Menke Director, Chairman
Robert G. Menke Director
David K. Meehan Director, Vice Chairman, President
Edwin C. Hussemann Director, Treasurer
Brett M. Menke Director
Kenneth P. Cherven Director
Ralph E. Stevens, Jr. Director and President Stevens & Stevens
11515 53rd Street N.
Clearwater, Florida 33760
David R. Punzak Director and Attorney Carlton Fields
One Progress Plaza
20th Floor
St. Petersburg, Florida 33701
Schedule 1-F
INDEPENDENT FOUNDATION FOR THE PURSUIT OF CHARITABLE ENDEAVORS, LTD.
DIRECTORS AND EXECUTIVE OFFICERS
The name and present principal occupation of each director and executive
officer of Independent Foundation for the Pursuit of Charitable Endeavors,
Ltd. are set forth below. The business address for each person listed below,
unless otherwise indicated, is c/o P.O. Box 1369 GT, Fort Street, Grand
Cayman, British West Indies.
Item 2
Name Occupation Business Address
Robert M. Menke Director, Chairman c/o Bankers Insurance Group, Inc.
360 Central Avenue, St. Petersburg,
Florida 33701
Robert G. Menke Director c/o Bankers Insurance Group, Inc.
360 Central Avenue, St. Petersburg,
Florida 33701
David K. Meehan Director, Vice Chairman c/o Bankers Insurance Group, Inc.
360 Central Avenue, St. Petersburg,
Florida 33701
Edwin C. Hussemann Director, Treasurer c/o Bankers Insurance Group, Inc.
360 Central Avenue, St. Petersburg,
Florida 33701
Brett M. Menke Director c/o Bankers Insurance Group, Inc.
360 Central Avenue, St. Petersburg,
Florida 33701
Ralph E. Stevens, Jr. Director and President Stevens & Stevens
11515 53rd Street N.
Clearwater, Florida 33760
David R. Punzak Director and Attorney Carlton Fields
One Progress Plaza
20th Floor
St. Petersburg, Florida 33701
Barry B. Benjamin President
INDEX OF EXHIBITS
Number Description
------ -----------
4.1 Letter from BIG to the Special Committee dated March 21,
2002 (1)
4.2 Letter from BIG to the Special Committee dated July 16,
2002 (3)
4.3 Letter from BIG to the Special Committee dated August 5,
2002 (4)
4.4 Letter from Insurance Management Solutions Group, Inc. to
Bankers Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company and Bankers Management
Corporation dated as of November 21, 2002.
10.1 Agreement and Plan of Merger dated as of August 14, 2002
among Bankers Insurance Group, Inc., Bankers Insurance
Company, Bankers Security Insurance Company, Bankers
Management Corporation and Insurance Management Solutions
Group, Inc. (5)
99.1 Agreement of Joint Filing dated as of May 24, 2002 among
Bankers Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company, Bankers Financial
Corporation, Bankers International Financial Corporation,
Bankers International Financial Corporation, Ltd.,
Ansbacher (Cayman) Limited, as trustee of the Bankers
International Financial Corporation II Trust and
Independent Foundation for the Pursuit of Charitable
Endeavors, Ltd. (1)
99.2 Power of Attorney for Bankers International Financial
Corporation, Ltd. (1)
99.3 Power of Attorney for Ansbacher (Cayman) Limited, as
trustee for the Bankers International Financial Corporation
II Trust (1)
99.4 Power of Attorney for Independent Foundation for the
Pursuit of Charitable Endeavors, Ltd. (2)
(1) Incorporated by reference to the Reporting Persons' Schedule 13D filed
with the SEC on May 24, 2002.
(2) Incorporated by reference to the Reporting Persons' Schedule 13G filed
with the SEC on April 5, 2000.
(3) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 1, filed with the SEC on July 19, 2002.
(4) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 2, filed with the SEC on August 9, 2002.
(5) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 3, filed with the SEC on August 16, 2002.