RLI CORP — Capital/Financing Update 2007

May 3, 2007

8-K 1 a07-13161_18k.htm 8-K

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 3, 2007

RLI Corp.

(Exact name of registrant as specified in its charter)

Illinois	001-09463	37-0889946
(State or other
jurisdiction	(Commission	(IRS Employer
of
incorporation)	File Number)	Identification
No.)

9025 North Lindbergh Drive, Peoria, IL	61615
(Address of
principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (309) 692-1000

*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 (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))

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*Item 8.01 Other Events.*

On May 3, 2007, RLI Corp. announced that its Board of Directors approved a quarterly dividend on its common stock of $.22 per share and a $100 million stock repurchase program. The dividend is payable on July 13, 2007 to shareholders of record on June 29, 2007. Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by RLI Corp.

*Item 9.01 Financial Statements and Exhibits.*

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated May 3, 2007.
	This Exhibit is furnished pursuant to Item 8.01
hereof and should not be deemed to be “filed” under the Securities Exchange
Act of 1934.

2

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*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.

RLI CORP. — By:
Daniel O. Kennedy
Vice President and General Counsel

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*EXHIBIT INDEX*

Exhibit No.	Description
99.1	Press Release dated May 3, 2007.
	This Exhibit is furnished pursuant to Item 8.01
hereof and should not be deemed to be “filed” under the Securities Exchange
Act of 1934.

4

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