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): June 21, 2012
Enstar Group Limited
(Exact name of registrant as specified in its charter)
| Bermuda | 001-33289 | N/A | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| P.O. Box HM 2267, Windsor Place, 3rd Floor 18 Queen Street, Hamilton HM JX Bermuda |
N/A | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (441) 292-3645
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)) |
| Item 4.01. | Changes in Registrant’s Certifying Accountant. |
(a) Dismissal of Independent Accountant Previously Engaged as Principal Accountant.
As previously reported in Item 4.01 of the Current Report on Form 8-K filed by Enstar Group Limited (the “Company”) on April 20, 2012 (the “Original 8-K”), at its meeting on April 17, 2012, the Audit Committee of the Board of Directors of the Company determined not to reappoint Deloitte & Touche Ltd., Bermuda (“Deloitte”), as the Company’s independent registered public accounting firm for the Company’s 2012 fiscal year. The additional information set forth in Item 4.01(a) of the Original 8-K is incorporated by reference herein.
In accordance with Item 304(a)(3) of Regulation S-K, the Company provided Deloitte a copy of the disclosures it is making in this Current Report on Form 8-K prior to filing it with the Securities and Exchange Commission (the “Commission”) and requested that Deloitte furnish a letter addressed to the Commission stating whether or not it agrees with the above statements. A copy of Deloitte’s letter dated June 22, 2012 is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) Engagement of New Independent Accountant as Principal Accountant.
At the Company’s 2012 Annual General Meeting held June 21, 2012 (the “Annual Meeting”), the Company’s shareholders approved the Audit Committee’s appointment of KPMG, a Bermuda partnership (“KPMG”), as the Company’s independent registered public accounting firm for the Company’s 2012 fiscal year. As previously reported in the Original 8-K, the Audit Committee appointed KPMG at its April 17, 2012 meeting, subject to the approval of the Company’s shareholders. The additional information set forth in Item 4.01(b) of the Original 8-K is incorporated by reference herein.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
(a) On June 21, 2012, the Company held its Annual Meeting.
(b) At the Annual Meeting, the shareholders voted on the following four proposals and cast their votes as described below.
1. Proposal No. 1: Election of Class III Director. The individual listed below was elected to serve a term expiring at the annual general meeting of shareholders in 2015.
| Director | For | Against | Abstain | Broker Non-Votes | ||||
| Dominic F. Silvester |
9,504,098 | 1,325,884 | 4,415 | 1,664,455 |
2. Proposal No. 2: Advisory vote to approve executive compensation. This proposal was approved.
| For | Against | Abstain | Broker Non-Votes | |||
| 8,651,732 | 1,953,035 | 229,630 | 1,664,455 |
3. Proposal No. 3: Ratification of the selection of KPMG, a Bermuda partnership, to act as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012 and authorization of the Board of Directors, acting through the Audit Committee, to approve the fees for the independent registered public accounting firm. This proposal was approved.
| For | Against | Abstain | Broker Non-Votes | |||
| 12,412,227 | 79,155 | 7,470 | 0 |
1
4. Proposal No. 4: Election of subsidiary directors identified in Proposal No. 4 of the Company’s Proxy Statement. All of the individual subsidiary director nominees listed below received the same total number of votes; these vote totals are provided in the table that follows. The Company’s Board of Directors will cause its corporate representative or proxy to vote the shares it holds in its subsidiaries in the same proportion as the votes received at this Annual Meeting.
| For | Against | Abstain | Broker Non-Votes | |||
| 10,492,872 | 82,039 | 259,486 | 1,664,455 |
Subsidiary Director Nominees:
| AG Australia Holdings Limited Richard J. Harris Nicholas A. Packer Steven Given Sandra O’Sullivan Nicholas Hall
American Concept Insurance Company Karl J. Wall Robert Carlson Joseph Follis Donald Woellner Donna L. Stolz John A. Dore Steven Given
Bantry Holdings Ltd. Adrian C. Kimberley Duncan M. Scott David Rocke
B.H. Acquisition Limited Richard J. Harris Paul J. O’Shea David Rocke Adrian C. Kimberley
Blackrock Holdings Ltd. Adrian C. Kimberley Duncan M. Scott David Rocke
Bosworth Run-off Limited Alan Turner Ludovic de Belleval C. Paul Thomas Brian J. Walker
Brampton Insurance Company Limited Max Lewis C. Paul Thomas Alan Turner Steven Western |
Brittany Insurance Company Ltd. Paul J. O’Shea Richard J. Harris Adrian C. Kimberley David Rocke Duncan M. Scott
Capital Assurance Company Inc. Karl J. Wall Robert Carlson Andrea Giannetta James Grajewski Donna L. Stolz Steven Given
Capital Assurance Services Inc. Karl J. Wall Robert Carlson Andrea Giannetta James Grajewski Donna L. Stolz
Castlewood Limited Adrian C. Kimberley Duncan M. Scott Elizabeth DaSilva
Cavell Holdings Limited C. Paul Thomas Alan Turner
Cavell Insurance Company Limited Ian Millar C. Paul Thomas Alan Turner
Chatsworth Limited Adrian C. Kimberley David Rocke Elizabeth DaSilva Orla Gregory Richard J. Harris |
Church Bay Limited Gary Potts Jann Skinner Bruce Bollom Richard J. Harris Nicholas A. Packer
Claremont Liability Insurance Company Karl J. Wall Robert Carlson Joseph Follis Andrea Giannetta Donna L. Stolz Steven Given Donald Woellner James Grajewski
Clarendon America Insurance Company Karl J. Wall Joseph Follis Robert Carlson Steven Given Thomas Nichols Robert Redpath Michael Sheehan
Clarendon Holdings, Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given
Clarendon National Insurance Company Karl J. Wall Joseph Follis Robert Carlson Steven Given Thomas Nichols Robert Redpath Michael Sheehan |
2
| Clarendon Select Insurance Company Karl J. Wall Joseph Follis Robert Carlson Steven Given Thomas Nichols Robert Redpath Michael Sheehan
CLIC Holdings, Inc. Karl J. Wall Donna L. Stolz Robert Carlson Cheryl D. Davis Steven Given
Comox Holdings Ltd. Ludovic de Belleval Richard J. Harris Adrian C. Kimberley Jiro Kasahara David Rocke
Compagnie Europeenne d’Assurances Industrielles S.A. Nicholas A. Packer C. Paul Thomas Alan Turner
Constellation Reinsurance Company Karl J. Wall Robert Carlson Thomas J. Balkan Joseph Follis Andrea Giannetta Mark A. Kern Raymond Rizzi Teresa Reali Donna L. Stolz James Grajewski Jay Banskota Richard C. Ryan Thomas Nichols Steven Given
The Copenhagen Reinsurance Company C. Paul Thomas Alan Turner
The Copenhagen Reinsurance Company (UK) Limited Alan Turner C. Paul Thomas Steven Western |
Copenhagen Reinsurance Services Limited Alan Turner C. Paul Thomas
Courtenay Holdings Ltd. Richard J. Harris David Rocke Adrian C. Kimberley
Cranmore Adjusters Limited Phillip Cooper David Ellis C. Paul Thomas Steven Norrington Alan Turner Mark Wood
Cranmore Adjusters (Australia) Pty Limited Sandra O’Sullivan Nicholas Hall Steven Norrington
Cranmore (Asia) Limited David Rocke Elizabeth DaSilva Adrian C. Kimberley Duncan M. Scott
Cranmore Asia (Pte) Limited Ian Belcher Goh Mei Xuan Michelle
Cranmore (Bermuda) Limited Adrian C. Kimberley Elizabeth DaSilva Duncan M. Scott David Rocke
Cranmore (US) Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given
Cumberland Holdings Ltd. Adrian C. Kimberley Richard J. Harris Paul J. O’Shea David Rocke |
Electricity Producers Insurance Company (Bda) Limited Paul J. O’Shea Adrian C. Kimberley David Rocke Richard J. Harris Orla Gregory Duncan M. Scott
Enstar (EU) Finance Limited C. Paul Thomas Alan Turner
Enstar (EU) Holdings Limited David Hackett C. Paul Thomas Alan Turner
Enstar (EU) Limited David Atkins David Grisley David Hackett Michael Lynagh Duncan McLaughlin Derek Reid C. Paul Thomas Alan Turner
Enstar Acquisition Ltd. C. Paul Thomas Alan Turner
Enstar Australia Holdings Pty Ltd. Gary Potts Jann Skinner Bruce Bollom Richard J. Harris Nicholas A. Packer
Enstar Australia Limited Nicholas A. Packer Nicholas Hall Sandra O’Sullivan
Enstar Brokers Limited Richard J. Harris Elizabeth DaSilva Adrian C. Kimberley David Rocke |
3
| Enstar Financial Services Inc. Robert Carlson Cheryl D. Davis
Enstar Financing Limited Elizabeth DaSilva Adrian C. Kimberley Richard J. Harris Duncan M. Scott
Enstar Group Operations Inc. Robert Carlson Cheryl D. Davis
Enstar Holdings (US) Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given Robert V. Deutsch
Enstar Insurance Management Services Ireland Limited Nicholas A. Packer Orla Gregory Richard J. Harris Kieran Hayes
Enstar Investment Management Ltd. Richard J. Harris Adrian C. Kimberley Elizabeth DaSilva
Enstar Investments Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given
Enstar Limited Paul J. O’Shea Richard J. Harris Adrian C. Kimberley David Rocke Elizabeth DaSilva
Enstar New York, Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given
Enstar (US) Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given |
Enstar USA Inc. Robert Carlson Cheryl D. Davis Karl J. Wall
Fieldmill Insurance Company Limited Ian Millar C. Paul Thomas Alan Turner
Fitzwilliam Insurance Limited Paul J. O’Shea Richard J. Harris Adrian C. Kimberley David Rocke Nicholas A. Packer
Flatts Limited C. Paul Thomas Alan Turner
Forsakringsaktiebolaget Assuransinvest MF Mats Höglund C. Paul Thomas Alan Turner Nicholas A. Packer
Gordian Runoff Limited Gary Potts Jann Skinner Bruce Bollom Richard J. Harris Nicholas A. Packer
Goshawk Dedicated Ltd. C. Paul Thomas Alan Turner
Goshawk Holdings (Bermuda) Limited Adrian C. Kimberley Orla Gregory David Rocke Richard J. Harris
Goshawk Insurance Holdings Limited C. Paul Thomas Alan Turner
Guildhall Insurance Company Limited C. Paul Thomas Paul Carruthers Alan Turner |
Harbor Specialty Insurance Company Karl J. Wall Joseph Follis Robert Carlson Steven Given Thomas Nichols Robert Redpath Michael Sheehan
Harper Holdings SARL Nicholas A. Packer John Cassin
Harper Insurance Limited Michael H.P. Handler Stefan Wehrenberg Dr. Florian von Meiss Richard J. Harris Andreas K. Iselin
Harrington Sound Limited Richard J. Harris Nicholas A. Packer Nicholas Hall Sandra O’Sullivan
Hillcot Holdings Ltd. Paul J. O’Shea Adrian C. Kimberley Richard J. Harris
Hillcot Re Limited Ian Millar C. Paul Thomas Alan Turner
Hillcot Underwriting Management Limited C. Paul Thomas Alan Turner
Hove Holdings Limited Richard J. Harris Adrian C. Kimberley David Rocke Elizabeth DaSilva
Hudson Reinsurance Company Limited Paul J. O’Shea Richard J. Harris Adrian C. Kimberley David Rocke Duncan M. Scott
Inter-Ocean Holdings Ltd. Adrian C. Kimberley Duncan M. Scott Richard J. Harris Orla Gregory |
4
| Inter-Ocean Reinsurance Company Ltd. Adrian C. Kimberley Duncan M. Scott Richard J. Harris Paul J. O’Shea Orla Gregory
Inter-Ocean Reinsurance (Ireland) Ltd. Richard J. Harris Orla Gregory Kevin O’Connor
Kenmare Holdings Ltd. Richard J. Harris Paul J. O’Shea Adrian C. Kimberley Dominic F. Silvester David Rocke Nicholas A. Packer
Kinsale Brokers Limited Philip Hernon C. Paul Thomas Alan Turner
Knapton Holdings Limited C. Paul Thomas Alan Turner
Knapton Insurance Limited Jeremy Riley C. Paul Thomas Alan Turner Brian J. Walker
Laguna Life Limited Orla Gregory Paul J. O’Shea Nicholas A. Packer Richard J. Harris Kieran J. Hayes David Allen Alastair Nicoll
Longmynd Insurance Company Limited Ian Millar C. Paul Thomas Alan Turner
Marlon Insurance Company Limited C. Paul Thomas Alan Turner Steven Western
Marlon Management Services Limited C. Paul Thomas Alan Turner |
Mercantile Indemnity Company Limited Ian Millar C. Paul Thomas Alan Turner Brian J. Walker
Mongard Ltd. Adrian C. Kimberley Duncan M. Scott Orla Gregory Richard J. Harris
Nordic Run-Off Limited C. Paul Thomas Alan Turner
New Castle Reinsurance Company Ltd. Richard J. Harris Adrian C. Kimberley Paul J. O’Shea David Rocke
Northshore Holdings Limited Elizabeth DaSilva Richard J. Harris Adrian C. Kimberley
Oceania Holdings Ltd. Richard J. Harris Adrian C. Kimberley David Rocke
Overseas Reinsurance Corporation Limited Adrian C. Kimberley Paul J. O’Shea Richard J. Harris David Rocke
Paget Holdings GmbH Limited David Rocke Paul J. O’Shea Richard J. Harris Adrian C. Kimberley
Providence Washington Holdings, Inc. Karl J. Wall Robert Carlson Donald Woellner Donna L. Stolz Steven Given |
Providence Washington Insurance Company Karl J. Wall Robert Carlson Joseph Follis Donald Woellner Donna L. Stolz John A. Dore Steven Given
Providence Washington Insurance Solutions, LLC Karl J. Wall Robert Carlson Cheryl D. Davis Donna L. Stolz Steven Given
PWAC Holdings Inc. Karl J. Wall Cheryl D. Davis Donna L. Stolz Robert Carlson Steven Given
PW Acquisition Co. Karl J. Wall Robert Carlson Donald Woellner Donna L. Stolz Steven Given
PW Holdings, Inc. Karl J. Wall Robert Carlson Donald Woellner Donna L. Stolz Steven Given
Regis Agencies Limited C. Paul Thomas Alan Turner
Revir Limited Richard J. Harris Elizabeth DaSilva Adrian C. Kimberley David Rocke
River Thames Insurance Company Limited Max Lewis Ian Millar C. Paul Thomas Alan Turner |
5
| Rombalds Limited C. Paul Thomas Alan Turner
Rosemont Reinsurance Ltd. Paul J. O’Shea Orla Gregory Richard J. Harris Adrian C. Kimberley David Rocke
Royston Holdings Ltd. Adrian C. Kimberley Richard J. Harris David Rocke Duncan M. Scott
Royston Run-off Ltd. C. Paul Thomas Alan Turner
Seaton Insurance Company Karl J. Wall Robert Carlson Joseph Follis Andrea Giannetta Donna L. Stolz Steven Given
SGL No. 1 Ltd. Richard J. Harris Timothy Hanford C. Paul Thomas
SGL No. 3 Ltd. Richard J. Harris Timothy Hanford
Shelbourne Group Limited Timothy Hanford Richard J. Harris Philip Martin C. Paul Thomas Paul J. O’Shea Nicholas A. Packer |
Shelbourne Syndicate Services Limited Norman Bernard Paul Carruthers Andrew Elliot Ewen Gilmour Timothy Hanford Richard J. Harris Philip Martin C. Paul Thomas Paul J. O’Shea Nicholas A. Packer Darren S. Truman
Shelly Bay Holdings Limited Nicholas A. Packer Richard J. Harris Sandra O’Sullivan Nicholas Hall
Simcoe Holdings Ltd. Richard J. Harris Adrian C. Kimberley David Rocke Elizabeth DaSilva
Sun Gulf Holdings, Inc. Karl J. Wall Robert Carlson Cheryl D. Davis Donna L. Stolz Steven Given
Sundown Holdings Limited Adrian C. Kimberley David Rocke Richard J. Harris
TGI Australia Limited Gary Potts Jann Skinner Bruce Bollom Richard J. Harris Nicholas A. Packer |
Unionamerica Acquisition Company Limited C. Paul Thomas Alan Turner
Unionamerica Holdings Limited C. Paul Thomas Alan Turner
Unionamerica Insurance Company Limited Jeremy Riley C. Paul Thomas Paul Carruthers Alan Turner
Unione Italiana (UK) Reinsurance Company Limited Ian Millar C. Paul Thomas Alan Turner
Virginia Holdings Ltd. Richard J. Harris Adrian C. Kimberley David Rocke
York Insurance Company Karl J. Wall Robert Carlson Joseph Follis Donald Woellner Donna L. Stolz John A. Dore Steven Given |
6
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 16.1 | Letter of Deloitte & Touche Ltd., Bermuda, dated June 22, 2012. | |
7
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.
| ENSTAR GROUP LIMITED | ||||
| Date: June 22, 2012 | By: /s/ Richard J. Harris | |||
| Richard J. Harris | ||||
| Chief Financial Officer | ||||
8