Regulatory Filings • May 16, 2024
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Download Source FileUNITED 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 13, 2024
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MARKEL GROUP INC.
(Exact name of registrant as specified in its charter)
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| Virginia | 001-15811 | 54-1959284 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
4521 Highwoods Parkway , Glen Allen , Virginia 23060-6148
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: ( 804 ) 747-0136
Not Applicable
(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:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, no par value | MKL | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events.
On May 13, 2024, Markel Group Inc. (the Company) executed an Underwriting Agreement and related pricing agreement (the Underwriting Agreement) with the underwriters named therein. Under the Underwriting Agreement, the Company issued $600,000,000 aggregate principal amount of its 6.000% Senior Notes due 2054 (the Notes) under the Indenture, dated as of June 5, 2001 (the Indenture), between the Company (formerly known as Markel Corporation) and The Bank of New York Mellon (as successor to The Chase Manhattan Bank), as trustee (the Trustee), relating to debt securities, as amended by a Seventeenth Supplemental Indenture to the Indenture with respect to the Notes, dated as of May 16, 2024 (the Seventeenth Supplemental Indenture). The Underwriting Agreement and the Seventeenth Supplemental Indenture are filed as exhibits hereto and are incorporated herein by reference. The form of the Notes is included as Exhibit A to the Seventeenth Supplemental Indenture.
Certain exhibits are filed herewith by the Company in connection with the Company's offering of the Notes pursuant to its Prospectus Supplement, dated May 13, 2024, to the Prospectus, dated February 23, 2024, filed with the Securities and Exchange Commission (the Commission) as part of the Registration Statement on Form S-3ASR (Registration No. 333-277334), which became effective February 23, 2024.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description |
|---|---|
| 1.1 | U nderwriting Agreement and related pricing agreement, dated as of May 13, 202 4, between the Company and the underwriters named therein (filed herewith) . |
| 4.1 | Indenture, dated as of June 5, 2001, between the Company (formerly known as Markel Corporation) and The Bank of New York Mellon (as successor to The Chase Manhattan Bank), as Trustee (incorporated by reference from Exhibit 4.1 in the Company's report on Form 8-K filed with the Commission June 5, 2001). |
| 4.2 | Seventeenth Supplemental Indenture, dated as of May 16, 2024, between Markel Group Inc. and The Bank of New York Mellon, including form of 6.000% Senior Notes due 2054 as Exhibit A (filed herewith). |
| 5.1 | Opinion of McGuireWoods LLP (filed herewith). |
| 23.1 | Consent of McGuireWoods LLP (contained in Exhibit 5.1 filed herewith). |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| MARKEL GROUP INC. — By: | /s/ Richard R. Grinnan |
|---|---|
| Name: | Richard R. Grinnan |
| Title: | Senior Vice President, Chief Legal Officer and Secretary |
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