Item 8.01. Other Events.
On August 6, 2009, The Hartford Financial Services Group, Inc. (the "Company")
issued a press release announcing the completion of its discretionary equity
issuance program, pursuant to which the Company issued approximately
56.1 million shares of its common stock, par value $0.01 per share ("Common
Stock"), resulting in gross proceeds of $900 million. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
Shares of Common Stock issued under the program were sold pursuant to an Equity
Distribution Agreement, dated June 12, 2009, with Goldman, Sachs & Co. ("Goldman
Sachs"), which was amended by the Amendment No. 1 to the Equity Distribution
Agreement, dated August 5, 2009 (the "Amendment" and, the Equity Distribution
Agreement as amended by the Amendment, the "Agreement"). The Amendment increased
the maximum aggregate offering price of the shares of Common Stock offered and
sold pursuant to the Agreement from $750,000,000 to $900,000,000.
Further details regarding the terms of the Agreement are set forth in the
Company's Current Report on Form 8-K that was filed with the Securities and
Exchange Commission (the "Commission") on June 12, 2009, which is incorporated
herein by reference.
Shares of Common Stock sold pursuant to the Agreement were issued pursuant to a
prospectus supplement filed with the Commission on June 12, 2009, as
supplemented by a prospectus supplement addendum filed with the Commission on
August 6, 2009, to the accompanying prospectus filed with the Commission on
April 11, 2007, as part of the Company's Registration Statement on Form S-3ASR
(File No. 333-142044) (the "Registration Statement"). The Amendment is filed as
Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by
reference. The foregoing description of the material terms of the Amendment does
not purport to be complete and is qualified in its entirety by reference to such
exhibit.
The exhibits to this Current Report on Form 8-K are incorporated by reference
into the Registration Statement.