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 14,
2007 (May 11, 2007)
Date of Report (Date
of earliest event reported)
Arch Capital Group Ltd.
(Exact name of registrant as specified in its charter)
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Bermuda |
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0-26456 |
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N/A |
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(State or other |
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(Commission File Number) |
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(I.R.S. Employer |
Wessex House, 45 Reid Street, Hamilton HM 12, Bermuda
(Address of principal executive offices) (Zip Code)
Registrant’s 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 May 11, 2007, the Board 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 $25.00 per share, as
outlined below. All such dividends will
be payable out of lawfully available funds for the payment of dividends under
Bermuda law on August 15, 2007 to holders of record of the Series A Shares and
the Series B Shares, as applicable, as of August 1, 2007, unless determined
otherwise by the Board or the Executive Committee of the Board on or prior to
the applicable effective date.
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Series |
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Effective Date |
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Dividend Period |
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Dividend Amount |
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Rate Per Share |
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Series A |
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6/30/07 |
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5/15/07-6/30/07 |
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$ |
2,044,444 |
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$ |
0.2556 |
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8/14/07 |
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7/1/07-8/14/07 |
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1,955,556 |
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0.2444 |
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$ |
4,000,000 |
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$ |
0.50 |
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Series B |
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6/30/07 |
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5/15/07-6/30/07 |
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$ |
1,257,813 |
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$ |
0.2516 |
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8/14/07 |
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7/1/07-8/14/07 |
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1,203,125 |
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0.2406 |
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$ |
2,460,938 |
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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: May 14, 2007 |
By |
/s/ John D. Vollaro |
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Name: John D. Vollaro |
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Title: Executive Vice President, |
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Chief Financial Officer and Treasurer |
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