unam_8k
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): July 8,
2021
Unico
American Corporation
(Exact
Name of Registrant as Specified in its Charter)
Nevada
(State
or Other Jurisdiction of Incorporation)
000-03978
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95-2583928
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(Commission
File Number)
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(IRS
Employer Identification No.)
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26050
Mureau Road
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Calabasas,
California
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91302
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(818)
591-9800
(Registrant's
Telephone Number, Including Area Code)
(Former
name or former address, if changed since last Report.)
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 (see General
Instruction A.2. below):
☐
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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol
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Name of
each exchange on which registered
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Common
Stock, No Par Value
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UNAM
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Nasdaq
Global Market
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Appointment of Chief Financial Officer
On July 8, 2021, the Board of Directors of Unico American
Corporation (the “Company”)
appointed Renai J. Effarah to Treasurer and Chief Financial Officer
of the Company, effective immediately. Ms. Effarah, the
Company’s Controller, Vice President, Assistant Treasurer,
and Assistant Secretary, will succeed Mr. Budnitsky, who currently
serves as the Company’s Chief Operations Officer and
Secretary, and, on an interim basis, as the Company’s Chief
Executive Officer and President.
Ms. Effarah, age 47, has served as Controller of the Company
since March 2017 and as Vice President, Assistant Treasurer, and
Assistant Secretary of the Company since November 2020. Ms. Effarah
was responsible for various accounting and finance functions,
including cash management, financial reporting, Sarbanes Oxley
compliance, and overseeing the day to day operations of the
accounting department. From May 2009 until March 2017, Ms. Effarah
did not hold a full-time position. From April 2007 until May 2009,
Ms. Effarah worked at Allianz Global Corporate & Specialty as
Director of Accounting. Prior thereto, Ms. Effarah worked at KPMG
LLP for approximately 8 years in the insurance practice, reaching a
senior audit manager level. Ms. Effarah received a Bachelor of
Science degree in Business Administration with an option in
Accounting Theory and Practice from California State University,
Northridge.
Ms. Effarah will receive an annual salary of $215,000 in addition
to the employee benefits that are customarily provided by the
Company to its executive officers. Ms. Effarah will also be granted
a one-time equity award of 7,500 non-qualified stock options and
7,500 shares of restricted stock.
There are no transactions in which Ms. Effarah has an interest
requiring disclosure under Item 404(a) of Regulation S-K of the
Securities Act.
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.
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UNICO
AMERICAN CORPORATION
(Registrant)
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Date: July 13,
2021
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By:
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/s/ Renai J.
Effarah
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Name:
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Renai J.
Effarah
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Title:
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Treasurer and Chief
Financial Officer
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