Erie Indemnity/Elizabeth A. Vorsheck SC 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
Dorothy
A. Davis, Esq.
Eckert Seamans Cherin & Mellott, LLC
U.S.
Steel Tower
600 Grant Street, 44th Floor
Pittsburgh, Pennsylvania 15219
(412) 566-5953
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. |
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29530P-201 |
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Page |
2 |
of |
6 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Elizabeth A. Vorsheck |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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Not applicable. |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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United States
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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2,340 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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2,340 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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2,340 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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91.0%* |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
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* |
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Based on 2,571 shares of Class B Common Stock outstanding as of April 25, 2007, as reported in Issuers Quarterly Report on Form 10-Q for the quarter ended March 31, 2007.
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TABLE OF CONTENTS
Item 1. Security and Issuer
This Statement relates to Class B Common Stock, without par value (Class B Common Stock),
of Erie Indemnity Company, a Pennsylvania corporation (the Issuer). The address of the principal
executive offices of Issuer is 100 Erie Insurance Place, Erie, Pennsylvania 16530.
Item 2. Identity and Background
This Statement is filed on behalf of Elizabeth A. Vorsheck, an individual (the Reporting
Person). The Reporting Person is a citizen of the United States. The business address of the
Reporting Person is 6252 Commercial Way PMB 140, Brooksville, Florida
34613. The Reporting Person is a member of the Board of Directors of
the Issuer and is
the administrator of various family limited partnerships that invest in and manage real estate,
mortgage and stock assets. She also is a principal of a family charitable foundation.
During the last five years, the Reporting Person has not been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining future violations of
or mandating activities subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The succession by the Reporting Person as a trustee of the H.O. Hirt Trusts as described in
Item 4 did not involve the purchase of shares of Class B Common Stock for consideration.
Item 4. Purpose of Transaction
This Schedule 13D is being filed on account of the appointment of the Reporting Person as a
trustee of the H.O. Hirt Trusts (the Trusts). The Trusts consist of two trusts that had been
created for the benefit of Susan Hirt Hagen and F. William Hirt, respectively. Until July 13,
2007, F. William Hirt, Susan Hirt Hagen and Sentinel Trust Company, LBA served as the trustees of the
Trusts. By reason of the death of Mr. Hirt on July 13, 2007, a vacancy occurred in one of the
Trusts individual trusteeship positions. Pursuant to the terms of the Trusts, the remaining
trustees and the Board of Directors of the Issuer unanimously elected the Reporting Person, the
daughter of F. William Hirt and a member of the Board of Directors of the Issuer, to serve as an
individual trustee of the Trusts in place of Mr. Hirt. On July 19, 2007, the Reporting Person
accepted the appointment to serve as an individual trustee of the Trusts. By virtue of becoming a
trustee of the Trusts, the Reporting Person may be deemed to be a beneficial owner of the shares
of Class B Common Stock held by the Trusts.
The Reporting Person intends to monitor the investment of the Trusts in the Issuer and take
such actions it considers appropriate in carrying out her responsibility as trustee. In connection
with the exercise of her fiduciary duties, the Reporting Person may from time to time suggest to
her co-trustees and the Issuer individuals she would recommend be nominated to the Issuers Board
of Directors. The Reporting Person, also in connection with her fiduciary duties, may choose to
encourage or follow the encouragement of her co-trustees to vote for or withhold the Trusts votes
from one or more directors nominated by the Issuers Board of Directors or other shareholders.
Except as set forth in this Statement, the Reporting Person currently has no plans or proposals
that relate to or would result in any of the matters set forth in paragraphs (a) through (j) of
Item 4 of Schedule 13D. As described in Item 5(a) (b) below, all actions pertaining to the
administration of the Trusts are exercised by a majority of the trustees in office, except that
the approval of the corporate trustee is required in connection with, among other things,
transactions involving dispositions of shares of Class B Common Stock of the Issuer.
3
Because of the level of ownership by the Trusts of the Class B Common Stock, the only class
of voting securities of the Issuer, the Reporting Person may in some circumstances, including
those in which the other trustees might disagree between themselves, be in a position to influence control of the Issuer.
Item 5. Interest in Securities of the Issuer
The information set forth in Items 4 and 6 of this Statement is hereby incorporated by
reference.
(a) (b) The Reporting Person is one of the three trustees of the Trusts, and in such
capacity shares, with the other two trustees, voting and investment power over all 2,340 shares of
Class B Common Stock beneficially owned by the Trusts. Pursuant to the First Amendment to the
Second Restated Trust Agreement, dated December 22, 1980 (the Trust Agreement), all powers
pertaining to the administration of the Trusts are exercised by a majority of the trustees in
office; provided, however, that in the exercise of the power and authority to sell, exchange or
otherwise dispose of or distribute shares of Class B Common Stock of the Issuer, which is subject
to substantial restrictions under the terms of the Trusts, the affirmative vote of Sentinel Trust
Company, as the trustee designated as the corporate trustee, is also required.
Based on 2,571 shares of Class B Common Stock outstanding as reflected in the Issuers
Quarterly Report on Form 10-Q for the Quarter ended March 31, 2007, the 2,340 shares of Class B
Common Stock as to which the Reporting Person may be deemed to have shared voting and dispositive
power constitute 91.0% of the outstanding shares of Class B Common Stock. The Reporting Person
does not have sole voting or dispositive power over any shares of Class B Common Stock.
The persons with whom the Reporting Person considers that it may be deemed to share the power
to vote or direct the vote or to dispose of or direct the disposition of shares of Class B Common
Stock are the two other trustees of the Trusts, Susan Hirt Hagen, whose business address is c/o
Richards & Associates, P.C., 100 State Street, Suite 440, Erie, Pennsylvania 16507-1456 and
Sentinel Trust Company, LBP, whose business address is 2001 Kirby Drive, Suite 1200, Houston, Texas
77019. Mrs. Hagen is a citizen of the United States, a member of
the Board of Directors of the Issuer and a private investor. Sentinel Trust Company
is a Texas limited banking association that provides investment management, family wealth
planning, fiduciary services and other services to high net worth families. To the knowledge of
the Reporting Person, neither of such persons has, during the last five years, been convicted in
or a party to any proceeding of the nature described in Item 2 of this Statement.
(c) No transaction in the Class B Common Stock has been effected by the Reporting Person
during the past sixty days.
(d) No
person other than (a) the Reporting Person, (b) Susan Hirt
Hagen, and (c) Sentinel
Trust Company, is known by the Reporting Person to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class B
Common Stock held in the Trusts, subject to the necessary approvals of the trustees described
above in Items 5(a) and 5(b).
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer
The information set forth, or incorporated by reference, in Items 4 and 5 of this Statement
is hereby incorporated by reference. The First Amendment to the Second Restated Trust Agreement,
dated
4
December 22, 1980 for the H.O. Hirt Trust contains provisions relating to securities of the
Issuer, including provisions relating to their voting and disposition as described in Item 5. The
description in this Statement of the Trust Agreement is qualified in its entirety by reference to
the Trust Agreement, which is included as Exhibit 7.01.
Except as described in this Statement, there are no other contracts, arrangements,
understandings or relationships (legal or otherwise), between the Reporting Person and any other
person with respect to any securities of Issuer.
Item 7. Materials to be Filed as Exhibits
Exhibit Description
7.01 The First Amendment to the Second Restated Trust Agreement, dated December 22, 1980 for
the H.O. Hirt Trust (incorporated by reference to Exhibit 99.3 to the Issuers Quarterly Report on
Form 10-Q/A for the quarter ended September 30, 2002).
7.02 Power of Attorney (incorporated by reference to the exhibit to the Form 4 filed by the Reporting
Person on July 23, 2007).
5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Date: July 30, 2007
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/s/ Dorothy A. Davis
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Name: |
Dorothy A. Davis |
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Attorney-in-Fact
for Elizabeth A. Vorsheck |
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