UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 1, 2004
HALLMARK FINANCIAL SERVICES, INC.
----------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Nevada
----------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-16090 87-0447375
----------------------------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.)
777 Main Street, Suite 1000, Fort Worth, Texas 76102
----------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
817-348-1600
----------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
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):
[ ] 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 1.01 Entry into a Material Definitive Agreement
Effective October 1, 2004, American Hallmark Insurance Company of Texas
("Hallmark"), a wholly-owned subsidiary of the Registrant, entered into a
new Quota Share Reinsurance Agreement with Old American County Mutual Fire
Insurance Company ("OACM") pursuant to which Hallmark will assume the
reinsurance of 100% of the Texas non-standard automobile policies produced
by another wholly-owned subsidiary of the Registrant, American Hallmark
General Agency, Inc. ("AHGA"), and underwritten by OACM. The new agreement
supersedes a similar agreement between the parties effective April 1, 2003,
pursuant to which Hallmark reinsured 45% of the Texas non-standard
automobile policies produced by AHGA and underwritten by OACM. Other than
the increase of the quota share from 45% to 100%, the terms of the new
agreement are not materially changed from the prior agreement.
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 duly authorized.
HALLMARK FINANCIAL SERVICES, INC.
Date: October 5, 2004 By: /s/ Mark E. Schwarz
-----------------------------------------
Mark E. Schwarz, Chief Executive Officer
Date: October 5, 2004 By: /s/ Mark J. Morrison
-----------------------------------------
Mark J. Morrison, Chief Financial Officer