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) | September 1, 2004 (August 27, 2004) |
TORCHMARK CORPORATION
(Exact name of registrant as specified in its charter)
| DELAWARE | 1-8052 | 63-0780404 | ||
| (State or other jurisdiction of incorporation) |
(Commission File No.) | (I.R.S. Employer ID No.) |
2001 Third Avenue South, Birmingham, Alabama 35233
(Address of principal executive offices)
Registrant’s telephone number, including area code: (205) 325-4200
None
(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:
| ¨ | 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)) |
Index of Exhibits page 2.
Total number of pages in this report is 3.
Item 1.01 Entry into a Material Definitive Agreement
The Receivables Purchase Agreement dated as of December 21, 1999, as amended and restated as of March 31, 2000, among AILIC Receivables Corporation (AILIC Receivables), American Income Life Insurance Company (AIL), Preferred Receivables Funding Corporation (PREFCO), certain financial institutions (which financial institutions together with PREFCO are Purchasers) and Bank One, N.A. as Agent for Purchasers was amended on August 27, 2004. Torchmark Corporation, parent company of AILIC Receivables and AIL, has issued a performance guaranty on the Receivables Purchase Agreement and that performance guaranty was also reaffirmed on August 27, 2004.
Material changes in the amendment were a reduction in the commitment availability and purchase limit for qualified debit balances of insurance agents from $100,000,000 to $95,000,000 and the establishment of August 26, 2005 as the new liquidity termination date.
Bank One and subsidiaries (either operating as such or in post-merger names as J.P. Morgan Chase or J.P. Morgan Securities) also serve as (a) one of three dealers for Torchmark’s commercial paper program and as the issuing and paying agent for such commercial paper; (b) indenture trustee for certain of Torchmark’s publicly-traded debt securities and (c) administrative agent of Torchmark’s Five-year and 364-day Credit Agreements.
Item 9.01 Financial Statements and Exhibits
| (a) | Financial statements of businesses acquired. |
Not applicable.
| (b) | Proforma financial information. |
Not applicable.
| (c) | Exhibits. |
Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TORCHMARK CORPORATION
| ||
| Date: September 1, 2004 |
/s/ Carol A. McCoy | |
| Carol A. McCoy, | ||
| Vice President, Associate Counsel and | ||
| Secretary |
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