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) June 23, 2003
21st Century Insurance Group, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
California 0-6964 95-1935264
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO)
6301 Owensmouth Avenue
Woodland Hills, California 91367
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
Registrant's telephone number, including area code (818) 704-3700
Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS.
1. The Registrant has issued the attached News Release, announcing the
appointment of the Registrant's Chief Financial Officer, Carmelo Spinella,
effective June 23, 2003.
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.
21ST CENTURY INSURANCE GROUP, INC.
----------------------------------
(Registrant)
Date: June 25, 2003 By:
--------------------------------------------
Michael J. Cassanego, Senior Vice President
and General Counsel
21st CENTURY INSURANCE
21st.com
1-800-211-SAVE
GET MORE: Coverage.Service.Savings.(TM)
FOR IMMEDIATE RELEASE CONTACT: LARRY KRUTCHIK
JUNE 23, 2003 (818) 728-3355
21ST CENTURY INSURANCE APPOINTS MEL SPINELLA AS
CHIEF FINANCIAL OFFICER
WOODLAND HILLS, CA - Bruce W. Marlow, President and CEO of 21st Century
Insurance (NYSE:TW), announced today that Mel Spinella has been appointed Senior
Vice President and Chief Financial Officer for the company.
Prior to joining 21st Century Insurance, Spinella was a partner in Deloitte &
Touche, where he served in national leadership roles as Western Region Insurance
Sector Leader, Western Region Financial Services Leader and National Insurance
eBusiness Leader. Spinella served as the lead audit partner to the largest
insurance and investment companies on the West Coast including Pacific Life
Insurance, Farmers Insurance Group, and The Capital Group of Companies.
"We are extremely pleased to have Mel join our team. He will strengthen our
capabilities for performance measurement and long-term planning. Low costs and
high quality service are the core of our strategy and Mel will help drive
continual improvement in these key areas," said Marlow.
At Deloitte & Touche, Spinella was responsible for quarterly and annual SEC
reporting by domestic and international filers, IPO's, debt offerings and
numerous insurance acquisition and due diligence assignments. Spinella has
published or presented over 15 articles on accounting and industry issues
including his internationally recognized series of studies on the impact of
e-business on the insurance industry. He has also held several officer and board
positions with the Insurance Accounting and Systems Association's (IASA) Los
Angeles Chapter as well as having served the National IASA organization.
Spinella earned a BSBA from Drake University in Actuarial Science and
Accounting.
"I am excited to join 21st Century Insurance. This is a dynamic and well
respected company which is poised for growth and opportunity," Spinella said.
Founded in 1958, 21st Century Insurance is a pioneer in the marketing of
personal automobile insurance, serving customers in California, Arizona, Nevada,
Oregon and Washington. The company provides full service by its licensed
agents, 24 hours a day, 365 days a year at 1-800-211-SAVE and its company web
site, www.21st.com. 21st Century Insurance insures more than 1.2 million
vehicles in California, holds an A+ (Superior) financial rating from A.M. Best,
the world's oldest independent insurance rating and information service, and an
A+ from Standard and Poors.
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