8-KOther EventsExhibits & Filings

Arthur J. Gallagher & Co. 8-K Report, Corporate Update (Dec 9, 2011)

Filed December 9, 2011For Securities:AJG

Summary

Arthur J. Gallagher & Co. (AJG) filed an 8-K on December 9, 2011, to report the registration for resale of 74,697 shares of its common stock. This registration was conducted under an automatic shelf registration statement on Form S-3, specifically utilizing a prospectus supplement. The filing also included exhibits pertaining to the legal opinion and consent from Seth Diehl, Esq., Senior Counsel, Corporate & Securities, regarding the validity of these shares. For investors, this filing signifies a routine procedural step related to the availability of previously issued shares for trading in the open market. It does not represent the issuance of new shares or a material change in the company's financial condition or operations, but rather makes existing shares eligible for sale by certain parties. The company is leveraging its existing shelf registration to efficiently manage the resale of these shares.

Key Highlights

  • 1AJG registered 74,697 shares of its common stock for resale.
  • 2The registration was made under an automatic shelf registration statement (Form S-3).
  • 3A prospectus supplement was used in conjunction with the Form S-3.
  • 4The filing includes legal opinion and consent from Seth Diehl, Esq., as exhibits.
  • 5This action pertains to the resale of existing shares, not the issuance of new equity.
  • 6The filing was made on December 9, 2011.

Frequently Asked Questions

Registering shares for resale means that certain existing shares of AJG's common stock, previously issued but perhaps held by specific individuals or entities, are now formally cleared for sale in the public market. This is a regulatory requirement to ensure transparency and compliance when these shares become available for trading by others.

No, this filing pertains to the resale of existing shares. It does not represent the creation or issuance of new shares by Arthur J. Gallagher & Co. The shares were already outstanding.

An automatic shelf registration statement (Form S-3) allows a company to pre-register a certain amount of securities it may want to sell over a period of time. A prospectus supplement is then used to provide specific details about the securities being offered, including the number of shares for resale and the terms, without needing to file an entirely new registration statement each time. This makes the process of selling securities more efficient.

The legal opinions and consents from Seth Diehl, Esq., are standard components of such filings. They serve to confirm the legal validity and proper authorization of the shares being registered for resale, providing assurance to investors and regulatory bodies.