SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20459

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 21)*

 

DONEGAL GROUP INC.

(Name of Issuer)

 

Class A Common Stock

Class B Common Stock

(Title of Class of Securities)

 

Class A: 257701201

Class B: 257701300

(CUSIP Number of Class of Securities)

 

Gregory M. Shepard

7028 Portmarnock Place

Bradenton, FL 34202

(309) 310-1331

 

(Name, address and telephone number of persons

authorized to receive notices and communications

on behalf of person(s) filing statement)

 

November 18, 2013

(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 that is the subject of this Schedule 13D, and is filing this Schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ¨.

 

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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 person’s 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).

 

 

 
 

Class A CUSIP No. 257701201 and Class B CUSIP No. 257701300

 

1. NAME OF REPORTING PERSON
  S.S. OR I.R.S. IDENTIFICATION NOS. OF REPORTING PERSON
   
  Gregory M. Shepard
   
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
  (a) ¨
  (b) ¨
   
3. SEC USE ONLY
   
4. SOURCE OF FUNDS
   
  PF
   
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  ¨
   
6. CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America

 

  7. SOLE VOTING POWER
NUMBER OF SHARES    
BENEFICIALLY   Class A 3,602,900; Class B 397,100
OWNED BY EACH    
REPORTING PERSON 8. SHARED VOTING POWER
WITH    
    -0-
     
  9. SOLE DISPOSITIVE POWER
     
    Class A 3,602,900; Class B 397,100
     
  10. SHARED DISPOSITIVE POWER
     
  -0-

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  Class A 3,602,900; Class B 397,100
   
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
   
  ¨
   
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  Class A 17.42%; Class B 7.12%
   
14. TYPE OF REPORTING PERSON
   
  IN
   
 
 

 

SCHEDULE 13D

 

ITEM 1.SECURITY AND ISSUER.

 

The Schedule 13D filed with the Securities and Exchange Commission on July 12, 2010 (the “Initial 13D”) by the Filing Person with respect to the Class A Shares and Class B Shares of Donegal Group Inc., a Delaware corporation (the “Issuer”), is hereby further amended to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Initial 13D.

 

ITEM 4.PURPOSE OF TRANSACTION

 

ITEM 4 OF THE INITIAL 13D IS HEREBY AMENDED TO ADD THE FOLLOWING:

 

On November 18, 2013, the Filing Person submitted the following shareholder proposal to be presented and voted upon at the Issuer’s 2014 Annual Meeting of Shareholders:

 

RESOLVED: DGI’s shareholders hereby request DGI’s Board of Directors, as soon as practicable, to take the necessary steps to adopt a recapitalization plan that would provide for all of DGI’s outstanding stock to have one vote per share. This proposal is not intended to limit the Board’s judgment in crafting the requested change in accordance with applicable laws and existing contracts.

 

A copy of the shareholder proposal and its supporting statement are attached hereto as Exhibit 99.1.

 

On November 18, 2013, the Filing Person released the Press Release that is attached hereto as Exhibit 99.2.

 

ITEM 7.MATERIAL TO BE FILED AS EXHIBITS

 

Exhibit 99.1Shareholder Proposal and Supporting Statement

 

Exhibit 99.2Press Release dated November 18, 2013

 

 
 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

DATED: November 18, 2013

 

/s/ Gregory M. Shepard

Gregory M. Shepard