-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WDXuOIsyOmqLdWP7WAomnWogXvT3C95j/Esir/SHM81bhd21WsWCZHLxOfUbrtO7 +YmjtO8j3hU9HXWqp/bZKw== 0000950123-11-021258.txt : 20110302 0000950123-11-021258.hdr.sgml : 20110302 20110302162326 ACCESSION NUMBER: 0000950123-11-021258 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110301 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20110302 DATE AS OF CHANGE: 20110302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ACCEPTANCE CORP /DE/ CENTRAL INDEX KEY: 0001017907 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 751328153 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12117 FILM NUMBER: 11656567 BUSINESS ADDRESS: STREET 1: 3322 WEST END AVENUE STREET 2: SUITE 1000 CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 615-844-2800 MAIL ADDRESS: STREET 1: 3322 WEST END AVENUE STREET 2: SUITE 1000 CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTE INVESTORS INC DATE OF NAME CHANGE: 19960701 8-K 1 g26351e8vk.htm FORM 8-K e8vk
 
 
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): March 2, 2011 (March 1, 2011)
FIRST ACCEPTANCE CORPORATION
 
(Exact Name of Registrant as Specified in Charter)
         
Delaware   001-12117   75-1328153
         
(State or Other Jurisdiction
of Incorporation) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)
     
3813 Green Hills Village Drive    
Nashville, Tennessee   37215
     
(Address of Principal Executive Offices)   (Zip Code)
(615) 844-2800
 
(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):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     On March 1, 2011, First Acceptance Corporation (the “Company”) announced executive management changes that became effective immediately. Edward L. Pierce has resigned as President of the Company. Mr. Pierce has agreed to remain with the Company for a transition period of approximately 30 to 60 days. Mark A. Kelly will serve as interim President and will report to Steven J. Harrison, the Chief Executive Officer of the Company. Mr. Kelly, 42, has served as a principal in Diamond-A Ford Corporation, an entity controlled by Gerald J. Ford, the Chairman of the Board of the Company, since November 2009. Diamond-A Ford Corporation is a management company for the investment group that owns approximately one-third of the Company’s outstanding common stock. Prior to joining Diamond-A Ford Corporation, Mr. Kelly held the position of Senior Vice President — Credit and Risk Management with Triad Financial SM, LLC, an automobile finance company, from April 2007 to November 2009, where he oversaw credit policy, administration of underwriting criteria and portfolio management. From 2002 to 2007, Mr. Kelly worked with Hunter’s Glen/Ford, Ltd., an entity controlled by Mr. Ford and an equity holder and managing partner of Triad Financial SM, LLC, where he was responsible for sourcing and evaluating equity investments. The Company will begin a search for a permanent President immediately.
     In addition, Kevin P. Cohn has resigned as Senior Vice President and Chief Financial Officer of the Company. Michael J. Bodayle, 55, the Company’s Treasurer and Chief Financial Officer — Insurance Company Operations, will serve as interim Chief Financial Officer and will report to Mr. Kelly. Mr. Bodayle has served as Treasurer of the Company since February 2008 and as Chief Financial Officer — Insurance Company Operations since April 2004. He has served as Treasurer and Chief Financial Officer of USAuto Holdings, Inc., a subsidiary of the Company, since July 1998. He has over 25 years of experience focused primarily in the insurance industry, which includes auditing, financial reporting and insurance agency operations. Mr. Bodayle served as the Company’s interim Chief Financial Officer from November 2005 through October 2006.

 

 

SIGNATURE
     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.
         
  FIRST ACCEPTANCE CORPORATION
 		  
  By:   /s/ Stephen J. Harrison    
    Stephen J. Harrison   
    Chief Executive Officer   
 
Date: March 2, 2011

 

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