UNITED STATES 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): December 31, 2004 Alleghany Corporation --------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-9371 51-0283071 ---------------------------- ------------------------ ------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 375 Park Avenue, Suite 3201, New York, New York 10152 ----------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 752-1356 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)) Item 8.01. Other Events. On December 31, 2004, Alleghany Corporation issued a press release announcing the completion of the merger of its wholly owned subsidiary Heads & Threads International LLC with and into HTI Acquisition LLC, an acquisition vehicle formed by a private investor group led by Heads & Threads management and by Capital Partners, Inc. Under the terms of the transaction, Alleghany received merger consideration of approximately $54 million in cash, subject to adjustment based upon net book value at closing. A copy of the press release issued on December 31, 2004 is attached hereto as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (c) Exhibits. The following exhibits accompany this report: Exhibit Number Exhibit Description 99.1 Press Release Announcing the Completion of the Merger of Heads & Threads International LLC with HTI Acquisition LLC 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLEGHANY CORPORATION Date: January 5, 2004 By: /s/ Peter R. Sismondo ------------------------------------ Name: Peter R. Sismondo Title: Vice President 3 Index to Exhibits Exhibit Number Exhibit Description 99.1 Press Release Announcing the Completion of the Merger of Heads & Threads International LLC with HTI Acquisition LLC 4