Current Report Filing (8-k)
May 11 2015 - 7:54AM
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
May 11, 2015
Date of
Report
(Date of earliest event reported)
GENWORTH FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware |
|
001-32195 |
|
80-0873306 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
|
|
|
6620 West Broad Street, Richmond, VA |
|
23230 |
(Address of principal executive offices) |
|
(Zip Code) |
(804) 281-6000
(Registrants telephone number, including area code)
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):
¨ |
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)) |
On May 11, 2015, Genworth Financial, Inc. (the Company)
issued a press release relating to the sale of a portion of its interest in its subsidiary, Genworth Mortgage Insurance Australia Limited, a holding company for the Companys Australian mortgage insurance business. In connection therewith, the
Company has entered into a customary arrangement to not sell any additional shares of Genworth Mortgage Insurance Australia Limited, subject to customary exceptions, before its release of financial results for the first half of 2015. A copy of the
press release is attached hereto as Exhibit 99.1.
Item 9.01. |
Financial Statement and Exhibits. |
(d) Exhibits.
|
|
|
Number |
|
Description |
|
|
99.1 |
|
Press Release announcing the sale of a portion of Genworth Financial, Inc.s interest in Genworth Mortgage Insurance Australia Limited |
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.
Date: May 11, 2015
|
|
|
GENWORTH FINANCIAL, INC. |
|
|
By: |
|
/s/ Ward E. Bobitz |
Name: |
|
Ward E. Bobitz |
Title: |
|
Executive Vice President and General Counsel |
3
Exhibit 99.1
Genworth Financial Announces Sale Of A Portion Of Its Interest In Genworth Mortgage Insurance Australia
Limited
RICHMOND, Va., (May 11, 2015) Genworth Financial, Inc. (NYSE: GNW) today announced that its wholly owned subsidiaries Brookfield Life
Assurance Company Limited and Genworth Financial International Holdings, Inc. (as partners) (together, the Vendor) entered into an underwriting agreement for the sale of 92.3 million shares in Genworth Mortgage Insurance Australia
Limited (Genworth Australia) at A$3.08 per share. The sale, which represents approximately 14.2% of Genworth Australias share capital, is being conducted via a fully underwritten sell down to equity market investors and will leave
the Vendor with an approximate 52.0% stake in Genworth Australia on completion.
The sale today represents an important step toward the execution of
our strategic initiative to increase the financial flexibility and strength of Genworth. This transaction advances Genworths ability to support compliance with the Private Mortgage Insurer Eligibility Requirements and reduce debt levels,
said Tom McInerney, President and CEO.
Important notice
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The securities offered and
sold by Genworth set out in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or under the securities laws of any state or other jurisdiction of the United
States, and may not be offered or sold, directly or indirectly, in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws of any state or other jurisdiction of the
United States or pursuant to an exemption from, or in a transaction not subject to, such registration requirements and any other applicable securities laws.
1
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure,
self-reliant and prepared for the future. To help families start the talk about their futures and long term care planning, Genworth recently completed a national #LetsTalk Tour to encourage conversations and information sharing. Genworth
has leadership positions in mortgage insurance and long term care insurance and product offerings in life insurance and fixed annuities that assist consumers in solving their home ownership, insurance and retirement needs. Headquartered in Richmond,
Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.
From time to time,
Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new
postings. Enrollment information is found under the Investors section of genworth.com. From time to time, Genworths publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited,
separately release financial and other information about their operations. This information can be found at http://genworth.ca and http://www.genworth.com.au.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words such as expects, intends, anticipates, plans, believes, seeks, estimates, will, or words of similar
meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance. Forward-looking statements are based on managements current expectations and assumptions, which are subject to
inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks,
including the items identified under Part IItem 1ARisk Factors of our Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Securities and Exchange Commission (SEC) on March 2, 2015 and as
updated in Genworths Form 10-Q filed with the SEC on April 29, 2015.
We undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or otherwise.
Contact Information:
|
|
|
Investors & Media: |
|
Amy Corbin, 804 662.2685 |
|
|
amy.corbin@genworth.com |
2
Genworth Financial (NYSE:GNW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Genworth Financial (NYSE:GNW)
Historical Stock Chart
From Apr 2023 to Apr 2024