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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">UNITED STATES</FONT></B></TD></TR>
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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></TD></TR>
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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">WASHINGTON, D.C. 20549</FONT></B></TD></TR>
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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM 8-K</FONT></B></TD></TR>
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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CURRENT REPORT</FONT></B></TD></TR>
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     <TD colSpan=3 align=right><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</FONT></B></TD></TR>
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     <TD colSpan=3 align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of Report (Date of earliest event reported) December <FONT size=2 face="Times New Roman">22</FONT>, 2010</FONT></TD></TR>
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     <TD colSpan=3 align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ING USA Annuity and Life Insurance Company</FONT></B></TD></TR>
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     <TD align=left>&nbsp;</TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">IOWA</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(State of Incorporation)</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-133076, 333-133152, 333-133153,</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">333-133154, 333-133155, 333-158928</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Commission File Numbers)</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif"></FONT><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">#</FONT>41-0991508</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(IRS Employer Identification Number)</FONT></TD></TR>
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     <TD colSpan=3 align=center><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1475 Dunwoody Drive, West Chester, PA 19380-1478</FONT></TD></TR>
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     <TD align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Address of principal executive offices)</FONT></TD>
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     <TD style="TEXT-INDENT: 5px" align=left><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registrant's telephone number, including area code</FONT></TD>
     <TD align=right><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">610-425-3400</FONT></TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">filing obligation of the registrant under any of the following provisions:</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17 CFR 240.14d-2(b))</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17 CFR 240.13e-4(c))</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">This filing is made in accordance with Item No. 1.01 of Section 1 of Form 8-K:</FONT></B></P>
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     <TD align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1.01</FONT></B></TD>
     <TD align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Entry into a Material Definitive Agreement</FONT></B></TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On December <FONT size=2 face="Times New Roman">22</FONT>, 2010 ING USA Annuity and Life Insurance Company (the &#147;Company&#148;) and</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Directed Services LLC (&#147;DSL&#148;), an affiliate, entered into an Intercompany Agreement (the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#147;Agreement&#148;) by which DSL has agreed, effective January 1, 2010, to pay the Company, on a</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">monthly basis, a portion of the revenues DSL earns as investment adviser to certain U.S.</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registered investment companies (the &#147;Funds&#148;) that are investment options under variable life</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">insurance and annuities offered by the Company. The amount to be paid by DSL to the Company</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">each month under the Agreement will be derived by applying certain annual percentage rates</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">against the average net assets invested in the Funds by the Company during the prior calendar</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">month (the &#147;Intercompany Payments&#148;). The Intercompany Agreement provides that the term of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the Intercompany Agreement shall continue unless termination is mutually agreed to by the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">parties or a Change in Control (as defined in the Agreement) of one party to the Agreement</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">occurs and the other party to the Agreement has not consented to the continuation of the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Agreement notwithstanding the Change in Control. For purposes of the Agreement, &#147;Change in</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Control&#148; means the occurrence of any one or more of the following: (i) the transfer of control of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the party to another entity; or (ii) the consummation of a reorganization, merger, share exchange,</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">consolidation, or sale or disposition of all or substantially all of the assets of the party; provided</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">however, that the occurrence of an event described in clauses (i) or (ii) above shall not constitute</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a Change in Control if either (a) the entity that acquires control of a party was already an Affiliate</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the party prior to the event, or (b) the parties remain Affiliates of one another immediately</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">following the Change in Control. For purposes of this Agreement, &#147;Affiliate&#148; means, with respect</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">to a party, an entity that controls, is under common control, or is controlled by, such party.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company, a life insurance company domiciled in the State of Iowa, is an affiliate of DSL.</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">DSL is a Delaware limited liability company, registered as a broker-dealer under the Securities</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exchange Act of 1934 and as an investment adviser under the Investment Advisers Act of 1940.</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">DSL serves as the investment adviser of the Funds. The Company and DSL are indirect wholly-</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">owned subsidiaries of ING Groep N.V.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">This filing is made in accordance with Item No. 1.02 of Section 1 of Form 8-K:</FONT></B></P>
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     <TD align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1.02</FONT></B></TD>
     <TD align=left><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Termination of Material Definitive Agreement</FONT></B></TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">On December <FONT size=2 face="Times New Roman">22</FONT>, 2010 the Company and DSL entered into an agreement to terminate as of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">January 1, 2010, a service agreement, effective January 1, 1994, as amended by a first</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">amendment, effective March 7, 1995 and a second amendment, effective July 31, 2007, by which</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">DSL provides the Company certain sales and marketing services and the Company provides</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">certain managerial and supervisory services to DSL.</FONT></P>
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     <TD width="100%" align=center><B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SIGNATURES</FONT></B></TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">caused this report to be signed on this&nbsp;<FONT size=2 face="Times New Roman">22nd</FONT> day of December, 2010 on its behalf by the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">undersigned hereunto duly authorized.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ING USA Annuity and Life Insurance Company</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant)</FONT></P>
<P style="TEXT-ALIGN: left"><U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/Megan Huddleston</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Megan Huddleston</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Assistant Secretary</FONT></P>
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ingusaform8k.htm - Generated by SEC Publisher for SEC Filing
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
22
, 2010
ING USA Annuity and Life Insurance Company
(Exact name of registrant as specified in its charter)
IOWA
(State of Incorporation)
333-133076, 333-133152, 333-133153,
333-133154, 333-133155, 333-158928
(Commission File Numbers)
#
41-0991508
(IRS Employer Identification Number)
1475 Dunwoody Drive, West Chester, PA 19380-1478
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
610-425-3400
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))
This filing is made in accordance with Item No. 1.01 of Section 1 of Form 8-K:
Item 1.01
Entry into a Material Definitive Agreement
On December
22
, 2010 ING USA Annuity and Life Insurance Company (the "Company") and
Directed Services LLC ("DSL"), an affiliate, entered into an Intercompany Agreement (the
"Agreement") by which DSL has agreed, effective January 1, 2010, to pay the Company, on a
monthly basis, a portion of the revenues DSL earns as investment adviser to certain U.S.
registered investment companies (the "Funds") that are investment options under variable life
insurance and annuities offered by the Company. The amount to be paid by DSL to the Company
each month under the Agreement will be derived by applying certain annual percentage rates
against the average net assets invested in the Funds by the Company during the prior calendar
month (the "Intercompany Payments"). The Intercompany Agreement provides that the term of
the Intercompany Agreement shall continue unless termination is mutually agreed to by the
parties or a Change in Control (as defined in the Agreement) of one party to the Agreement
occurs and the other party to the Agreement has not consented to the continuation of the
Agreement notwithstanding the Change in Control. For purposes of the Agreement, "Change in
Control" means the occurrence of any one or more of the following: (i) the transfer of control of
the party to another entity; or (ii) the consummation of a reorganization, merger, share exchange,
consolidation, or sale or disposition of all or substantially all of the assets of the party; provided
however, that the occurrence of an event described in clauses (i) or (ii) above shall not constitute
a Change in Control if either (a) the entity that acquires control of a party was already an Affiliate
of the party prior to the event, or (b) the parties remain Affiliates of one another immediately
following the Change in Control. For purposes of this Agreement, "Affiliate" means, with respect
to a party, an entity that controls, is under common control, or is controlled by, such party.
The Company, a life insurance company domiciled in the State of Iowa, is an affiliate of DSL.
DSL is a Delaware limited liability company, registered as a broker-dealer under the Securities
Exchange Act of 1934 and as an investment adviser under the Investment Advisers Act of 1940.
DSL serves as the investment adviser of the Funds. The Company and DSL are indirect wholly-
owned subsidiaries of ING Groep N.V.
This filing is made in accordance with Item No. 1.02 of Section 1 of Form 8-K:
Item 1.02
Termination of Material Definitive Agreement
On December
22
, 2010 the Company and DSL entered into an agreement to terminate as of
January 1, 2010, a service agreement, effective January 1, 1994, as amended by a first
amendment, effective March 7, 1995 and a second amendment, effective July 31, 2007, by which
DSL provides the Company certain sales and marketing services and the Company provides
certain managerial and supervisory services to DSL.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on this
22nd
day of December, 2010 on its behalf by the
undersigned hereunto duly authorized.
ING USA Annuity and Life Insurance Company
(Registrant)
/s/Megan Huddleston
Megan Huddleston
Assistant Secretary