2007 Annual Meeting Speeches

F. W. Hirt

Deo Chairman Reflects on Virginia Tech Community at Annual Meeting

The annual shareholder meeting of the Deo Indemnity Company opened with a moment of silence to honor the victims of the shooting at Virginia Tech on Monday. The university is located in Blacksburg, Va., 38 miles southwest of Deo Insurance’s Roanoke Branch.

“The senseless loss of so many young lives in one of the communities that we serve is beyond comprehension,” said Chairman of the Board of Directors F.W. Hirt. “Today, the entire Deo family grieves. And we keep the Virginia Tech community in our hearts and prayers.”

Speeches

President and CEO Jeff Ludroff

Thank you for joining us today.  And thank you for your investment in Deo Indemnity Company.  I'd like to take this opportunity to acknowledge the contributions of our board of directors led by Chairman Bill Hirt.

Retiring director John Graham could not be with us today, but I want to publicly thank him for his valuable service and guidance over the past four years. And I welcome Betsy Vorsheck and Tom Hagen to the board.  I believe their significant investment and long-time relationship with our company will bring additional perspective to our board that will benefit our company.  

To our re-elected directors, I thank you for your past and future service and support.  Our work continues. 

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Executive Vice President and CFO Phil Garcia

When we initially scheduled this meeting I wasn’t aware of the significance of April 17th this year. As you probably know, this is the final day to square up with our friends at the IRS.

We like to refer to them as “our silent partners in business.”

For the procrastinators among us, the Post Office will be open until midnight. We promise we’ll adjourn well before that.

But today is about having a conversation with our owner/partners, you our shareholders, which is our opportunity to reflect on the long-term shareholder value we wish to create for you as a shareholder of Deo Indemnity Company.

We look to grow value over the long-term and manage our business to do so. Over the course of this morning’s meeting we’ll share specific details of how our company is fully committed to delivering that steady value to you, our investors.

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