Arch Capital Group Ltd. - Current report filing (8-K)
10 Septembre 2008 - 7:32PM
Edgar (US Regulatory)
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
September 4, 2008
Date of Report (Date of earliest event reported)
Arch
Capital Group Ltd.
(Exact name of registrant as specified in its charter)
Bermuda
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0-26456
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N/A
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(State or other
jurisdiction of
incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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Wessex House, 45 Reid Street, Hamilton HM 12, Bermuda
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code:
(441) 278-9250
N/A
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01
Other Events
.
Preferred Share Dividends
. On September 4, 2008, Board of Directors
(the Board) of Arch Capital Group Ltd. (ACGL) declared dividends with
respect to the outstanding (1) 8,000,000 shares of its 8.00%
Non-Cumulative Preferred Shares, Series A, $0.01 per share (the Series A
Shares), with a liquidation preference of $25.00 per share, and (2) 5,000,000
shares of its 7.875% Non-Cumulative Preferred Shares, Series B, $0.01 per
share (the Series B Shares), with a liquidation preference of $25.00 per
share, as outlined below. All such dividends
will be payable out of lawfully available funds for the payment of dividends
under Bermuda law on November 15, 2008 to holders of record of the Series A
Shares and the Series B Shares, as applicable, as of November 1, 2008,
unless determined otherwise by the Board or the Executive Committee of the
Board on or prior to the applicable effective date.
Series
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Effective Date
for Declaration
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Dividend Period
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Dividend Amount
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Rate Per Share
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Series A
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9/30/08
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8/15/08-9/30/08
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$
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2,044,444
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$
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0.2556
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11/14/08
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10/1/08-11/14/08
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1,955,556
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0.2444
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$
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4,000,000
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$
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0.50
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Series B
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9/30/08
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8/15/08-9/30/08
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$
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1,257,813
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$
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0.2516
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11/14/08
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10/1/08-11/14/08
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1,203,125
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0.2406
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$
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2,460,938
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$
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0.4922
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2
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, the registrant
has duly caused this report to be signed on its behalf by the undersigned.
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ARCH CAPITAL GROUP LTD.
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Date: September 10, 2008
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By
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/s/ Marc Grandisson
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Name: Marc Grandisson
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Title:
Chairman and Chief Executive Offi-
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cer
of Arch Worldwide Reinsurance
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Group
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3
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