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) May 9, 2006
THE HARTFORD FINANCIAL SERVICES
GROUP, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
(State of incorporation)
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001-13958
(Commission File Number)
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13-3317783
(IRS Employer Identification No.) |
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The Hartford Financial Services Group, Inc.
Hartford Plaza
Hartford, CT
(Address of principal executive offices)
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06115-1900
(Zip Code) |
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(860) 547-5000
(Registrants telephone number) |
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement
On May 9, 2006, The Hartford Financial Services Group, Inc. (the Company) entered into a
Remarketing Agreement (the Agreement) with Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Goldman, Sachs & Co. and J.P. Morgan Securities Inc., as remarketing agents (the Remarketing
Agents), and JPMorgan Chase Bank, N.A., as purchase contract agent and attorney-in-fact of the
holders of purchase contracts, relating to the Companys 2.56% senior notes due August 16, 2008
(the Senior Notes), originally issued as part of equity units issued by the Company in May 2003.
The Agreement was entered into in connection with the remarketing of, and the reset of the interest
rate on, the Senior Notes by the Remarketing Agents as required under the terms of the equity
units.
The Agreement provides, among other things, that the Remarketing Agents agree to use their
reasonable efforts to remarket the Senior Notes tendered or deemed tendered to the Remarketing
Agents at a price equal to approximately 100.50% of the purchase price of a specified portfolio of
U.S. Treasury securities to be substituted for the Senior Notes as a component of the equity units
(the Treasury Portfolio Purchase Price). For this service, and for other services rendered in
connection with the remarketing, the Remarketing Agents are entitled to a remarketing fee which
will be equal to the lesser of 0.25% of the Treasury Portfolio Purchase Price and the amount of the
proceeds of the remarketing in excess of the Treasury Portfolio Purchase Price. The Company will
not receive any proceeds from the remarketing of the Senior Notes. The Agreement includes
customary representations, warranties and covenants by the Company. It also provides that the
Company will indemnify the Remarketing Agents against certain liabilities, including liabilities
under the Securities Act of 1933, arising out of or in connection with the Remarketing Agents
duties under the Agreement, and contribute to payments the Remarketing Agents may be required to
make in respect of those liabilities.
Certain of the Remarketing Agents and their respective affiliates have, from time to time,
performed, and may in the future perform, various financial advisory and investment banking
services for the Company or its subsidiaries, for which they received or will receive customary
fees and expenses.
The foregoing description of the material terms of the Agreement is qualified by reference to
the Agreement, a copy of which is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
The exhibit to this Current Report on Form 8-K is hereby incorporated by reference into the
following registration statements of The Hartford Financial Services Group, Inc., Hartford Capital
IV, Hartford Capital V and Hartford Capital VI filed with the Securities and Exchange Commission:
Registration Statement on Form S-3 filed on March 19, 2003 (File No. 333-103915); and
Registration Statement on Form S-3MEF filed on May 19, 2003 (File No. 333-105392).
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
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Exhibit 10.1
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Remarketing Agreement, dated as of May 9, 2006, by and among The Hartford Financial
Services Group, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co.,
J.P. Morgan Securities Inc., and JPMorgan Chase Bank, N.A. |