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
September 6, 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 jurisdiction
of |
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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 September 6, 2007, Board of Directors (the “Board”) of Arch Capital
Group Ltd. (“ACGL”) 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 November 15, 2007 to holders of
record of the Series A Shares and the Series B Shares, as applicable, as of
November 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 for Declaration |
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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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9/30/07 |
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8/15/07-9/30/07 |
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$2,044,444 |
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$0.2556 |
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11/14/07 |
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10/1/07-11/14/07 |
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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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9/30/07 |
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8/15/07-9/30/07 |
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$1,257,813 |
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$0.2516 |
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11/14/07 |
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10/1/07-11/14/07 |
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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 |
2
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: September 14, 2007 |
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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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