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): May 8, 2002
ERIE INDEMNITY COMPANY
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 0-24000 25-0466020
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
100 Erie Insurance Place, Erie, Pennsylvania 16530
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (814) 870-2000
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
On May 8,2002 Erie Indemnity Company issued a press release related to the
appointment of a Chief Executive Officer which is filed as Exhibit 99.1 hereto
and is incorporated herein by reference.
(c) Exhibits
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Exhibit Number Description
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99.1 Press release dated May 8, 2002
SIGNATURE
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.
ERIE INDEMNITY COMPANY
Erie Indemnity Company
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(Registrant)
Date: May 8, 2002 /s/ Philip A. Garcia
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(Philip A. Garcia, Executive Vice President & CFO)
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Erie Indemnity Company names new CEO
Erie, Pa. - May 8, 2002 - Jeffrey A. Ludrof, CPCU, AIC, CIC, LUTCF,
today, was named the chief executive officer of Erie Indemnity Company, the
attorney-in-fact for the member companies the Erie Insurance Group. The
company's board of directors voted to accept the CEO Selection Committee's
recommendation of Ludrof, who has been with the company for 22 years. Ludrof
replaces Stephen A. Milne, who retired as CEO in January of this year.
In making the announcement, F. William Hirt, chairman of the board, noted
Ludrof's extensive knowledge of the insurance industry and applauded his
leadership role in ERIE's continued success.
"A man of great integrity, Jeff is passionate about ERIE's service culture and
understands that this is what sets us apart from our competitors," says Hirt.
"He is the right choice to lead this fine company to the next level of
excellence and beyond."
Ludrof began his career with ERIE in 1981 as a claims adjuster in the
Allentown/Bethlehem Branch Office. Looking to expand his insurance experience,
he took a district sales manager position in 1985 and, just four years later,
was promoted to assistant vice president and manager of the Erie Branch Office.
In 1993, he was appointed one of the company's first regional vice presidents. A
year later, he became the senior vice president and division officer of the
Claims Division. By 1999, Ludrof was a member of ERIE's executive management
team, serving as executive vice president of Insurance Operations. He held this
position until his appointment at CEO.
"Erie Insurance is truly a special company, and it is the people - our employees
and agents - that make it so exceptional. I treasure this opportunity to serve
at its helm," says Ludrof.
Originally from Allentown, Pa., Ludrof earned a Bachelor of Science in business
administration, graduating magna cum laude from Bloomsburg University. He is a
member of the Society of Chartered Property Casualty Underwriters, the Society
of Certified Insurance Counselors and the Leadership Erie Alumni Association. He
also serves on the board of the Insurance Institute for Highway Safety.
Erie Indemnity Company is the principal management company for the member
companies of the Erie Insurance Group, which includes the Erie Insurance
Exchange, Flagship City Insurance Company, Erie Insurance Company, Erie
Insurance Property and Casualty Company, Erie Insurance Company of New York and
Erie Family Life Insurance Company.
According to A.M. Best Company, Erie Insurance Group, based in Erie,
Pennsylvania, is the 19th largest automobile insurer in the United States based
on direct premiums written and the 26th largest property/casualty insurer in the
United States based on total lines net premium written. The Group, rated A++
(superior) by A.M. Best Company, has more than 3.2 million policies in force and
operates in 11 states and the District of Columbia.
News releases and more information about Erie Insurance Group are available at
http://www.erieinsurance.com
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: Certain forward-looking statements contained herein involve risks and
uncertainties. Many factors could cause future results to differ materially from
those discussed. Examples of such factors include variations in catastrophe
losses due to changes in weather patterns, other natural causes or terrorist
actions; changes in insurance regulations or legislation that disadvantage the
members of the Group in the marketplace and recession, economic conditions or
stock market changes affecting pricing or demand for insurance products or
ability to generate investment income and returns. Growth and profitability have
been and will be potentially materially affected by these and other factors.
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