_____________________
| OMB APPROVAL |
|_____________________|
|OMB NUMBER: 3235-0145|
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | December 31, 2005|
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
|_____________________|
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
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)
April 9, 2003
------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
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. [ ]
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.
* 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.
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 Page 2 of 17 Pages
------------------------------------------------------------------------------
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, 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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 3 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,528,455 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,528,455 (see item 5)
------------------------------------------------------------------------------
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 Page 4 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 821,429 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
821,429 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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)
6.7%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 5 of 17 Pages
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Bonded Builders Service Corp.
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,000 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,000 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000 (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)
0.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 6 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 7 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 8 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 9 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
SCHEDULE 13D
------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 10 of 17 Pages
------------------------------------------------------------------------------
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 ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 8,354,884 (see item 5)
EACH ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,354,884 (see item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,354,884 (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)
68.1%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
Note: This Amendment No. 7 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"), Amendment No. 3 dated August 16, 2002 ("Amendment
No. 3"), Amendment No. 4 dated November 25, 2002 ("Amendment
No. 4"), Amendment No. 5 dated January 10, 2003 ("Amendment
No. 5") and Amendment No. 6 dated February 3, 2003
("Amendment No. 6") filed on behalf of (i) Bankers Insurance
Group, Inc., a Florida corporation ("BIG"), as a direct
beneficial owner of Common Stock; (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)
Bonded Builders Service Corp., a Florida corporation and
indirect, wholly-owned subsidiary of BIG ("BBSC"), as a
direct beneficial owner of Common Stock; (v) 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; (vi) 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 (vii) 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 4. Purpose of the Transaction.
Item 4 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, as amended):
On April 9, 2003, the Issuer entered into an Agreement and
Plan of Merger (the "Merger Agreement") with Fiserv, Inc., a Wisconsin
corporation ("Fiserv"), Fiserv Solutions, Inc., a Wisconsin corporation and a
wholly-owned subsidiary of Fiserv ("Fiserv Solutions"), and Fiserv Merger Sub,
Inc., a Florida corporation and a wholly-owned subsidiary of Fiserv Solutions
("Fiserv Sub"), providing for, among other things, the merger of Fiserv Sub
with and into the Issuer, with the Issuer as the surviving corporation (the
"Merger"). The Merger is subject to various conditions including (i) approval
by the stockholders of the Issuer in accordance with Florida law and the
Issuer's Amended and Restated Articles of Incorporation and Amended and
Restated Bylaws, (ii) approval by at least 50.01% of the outstanding shares of
Common Stock not owned or controlled by the BIG Shareholders and (iii) other
customary closing conditions. Pursuant to the Merger Agreement, (i) each
issued and outstanding share of Common Stock, (other than shares of Common
Stock (the "BIG Shares") held by BIG, BIC, BSIC and BBSC (collectively, the
"BIG Shareholders") and shares of Common Stock held by stockholders who
properly perfect their dissenters' rights under Florida Law) would be
converted into the right to receive $3.30 in cash, without interest, and (ii)
each BIG Share would be converted into the right to receive $3.26 in cash,
without interest.
In connection with the Merger Agreement, each of the BIG
Shareholders entered into an Agreement to Facilitate Merger with Fiserv,
Fiserv Solutions and Fiserv Sub (the "Agreement to Facilitate Merger"),
pursuant to which, among other things, the BIG Shareholders have agreed to (i)
vote the BIG Shares in favor of the approval and adoption of the Merger
Agreement and the transactions contemplated thereby, (ii) vote against any
action that could reasonably be expected to impede, interfere, delay, or
discourage the Merger, facilitate an acquisition of the Issuer or all or
substantially all of its assets or business, in any manner, by a party (other
than Fiserv or a subsidiary of Fiserv), or result in any breach of
representation, warranty, covenant or agreement of the Issuer under the Merger
Agreement, (iii) not dispose or otherwise sell any shares of Common Stock,
except to other BIG Shareholders and (iv) accept $3.26 per BIG Share, in
cash, without interest, pursuant to the Merger.
Pursuant to the Merger Agreement, the Amended and Restated
Articles of Incorporation and Amended and Restated Bylaws of the Issuer shall
be the articles of incorporation and bylaws of the surviving corporation until
amended in accordance with the provisions thereof and applicable law. In
addition, pursuant to the Merger Agreement, the officers of the Issuer shall
be the officers of the surviving corporation and the board of directors of
Fiserv Sub shall be the board of directors of the surviving corporation, until
changed in accordance with the Amended and Restated Articles of Incorporation
and Amended and Restated Bylaws of the surviving corporation and applicable
law.
The shares of Common Stock are currently traded on the OTC
Bulletin Board. Following the consummation of the Merger, the shares of Common
Stock will no longer be publicly traded and the registration of the shares of
Common Stock under the Exchange Act will be terminated.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The information set forth under Item 4 herein is hereby
incorporated herein by reference.
The foregoing summary of certain provisions of the Merger Agreement and the
Agreement to Facilitate Merger are not a complete description of the terms and
conditions of the Merger Agreement and the Agreement to Facilitate Merger and
are qualified in their entirety by reference to the full text of the Merger
Agreement and the Agreement to Facilitate Merger which are filed herewith as
Exhibits 10.3 and 10.4, respectively, and incorporated herein by reference.
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. (6)
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)
10.2 Stock Purchase and Sale Agreement dated as of
December 31, 2002 between Bankers Security
Insurance Company and Bankers Insurance Group, Inc.
(7)
10.3 Agreement and Plan of Merger dated as of April 9,
2003 among Fiserv, Inc., Fiserv Solutions, Inc.,
Fiserv Merger Sub, Inc. and Insurance Management
Solutions Group, Inc. (excluding the exhibits
thereto)* (9)
10.4 Agreement to Facilitate Merger dated as of April 9,
2003 among Fiserv, Inc., Fiserv Solutions, Inc.,
Fiserv Merger Sub, Inc., Bankers Insurance Group,
Inc., Bankers Insurance Company, Bankers Security
Insurance Company and Bonded Builders Service Corp.
(excluding the schedule thereto)*
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)
99.5 Amended and Restated Agreement of Joint Filing
dated as of February 4, 2003 among Bankers
Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company, Bonded Builders
Service Corp., 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. (8)
(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.
(6) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 4, filed with the SEC on November 25, 2002.
(7) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 5, filed with the SEC on January 10, 2003.
(8) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 6, filed with the SEC on February 4, 2003.
(9) Incorporated by reference to Exhibit 2.1 to the Issuer's Form 8-K
filed with the SEC on April 9, 2003.
* The exhibits and schedules have been purposefully omitted. Copies
thereof will be furnished supplementally to the Securities and Exchange
Commission upon request.
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: April 15, 2003
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
BONDED BUILDERS SERVICE CORP.
By: /s/ Edwin C. Hussemann
-----------------------------
Name: Edwin C. Hussemann
Title: Director
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
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. (6)
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)
10.2 Stock Purchase and Sale Agreement dated as of
December 31, 2002 between Bankers Security
Insurance Company and Bankers Insurance Group, Inc.
(7)
10.3 Agreement and Plan of Merger dated as of April 9,
2003 among Fiserv, Inc., Fiserv Solutions, Inc.,
Fiserv Merger Sub, Inc. and Insurance Management
Solutions Group, Inc. (excluding the exhibits
thereto)* (9)
10.4 Agreement to Facilitate Merger dated as of April 9,
2003 among Fiserv, Inc., Fiserv Solutions, Inc.,
Fiserv Merger Sub, Inc., Bankers Insurance Group,
Inc., Bankers Insurance Company, Bankers Security
Insurance Company and Bonded Builders Service Corp.
(excluding the schedule thereto)*
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)
99.5 Amended and Restated Agreement of Joint Filing
dated as of February 4, 2003 among Bankers
Insurance Group, Inc., Bankers Insurance Company,
Bankers Security Insurance Company, Bonded Builders
Service Corp., 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. (8)
(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.
(6) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 4, filed with the SEC on November 25, 2002.
(7) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 5, filed with the SEC on January 10, 2003.
(8) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 6, filed with the SEC on February 4, 2003.
(9) Incorporated by reference to Exhibit 2.1 to the Issuer's Form 8-K
filed with the SEC on April 9, 2003.
* The exhibits and schedules have been purposefully omitted. Copies
thereof will be furnished supplementally to the Securities and Exchange
Commission upon request.