-----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, CQ60K4aUulagEmy0/0V2DizsqMTTQ9mJnRXNb3l9Up/Cz2fUoXX5Lc4QNNYQJKYI eAFe/HtjyXiX6oQcf7hGow== 0001102624-07-000347.txt : 20071221 0001102624-07-000347.hdr.sgml : 20071221 20071221171919 ACCESSION NUMBER: 0001102624-07-000347 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071217 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071221 DATE AS OF CHANGE: 20071221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INDUSTRIES CORP CENTRAL INDEX KEY: 0000035733 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 742126975 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04690 FILM NUMBER: 071324167 BUSINESS ADDRESS: STREET 1: LEGAL DEPARTMENT STREET 2: 6500 RIVER PLACE BLVD., BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78730 BUSINESS PHONE: 512 404-5000 MAIL ADDRESS: STREET 1: 6500 RIVER PLACE BLVD., BUILDING ONE STREET 2: LEGAL DEPARTMENT CITY: AUSTIN STATE: TX ZIP: 78730 FORMER COMPANY: FORMER CONFORMED NAME: GOLDEN UNITED INVESTMENT CO STOCK PLAN DATE OF NAME CHANGE: 19731128 FORMER COMPANY: FORMER CONFORMED NAME: ILEX CORP DATE OF NAME CHANGE: 19730801 FORMER COMPANY: FORMER CONFORMED NAME: GOLDEN UNITED INVESTMENT CO DATE OF NAME CHANGE: 19730801 8-K 1 financialindustries8k.htm FINANCIAL INDUSTRIES CORPORATION 8-K


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: December 17, 2007
(Date of earliest event reported)

Financial Industries Corporation
(Exact name of registrant as specified in its charter)

TX
(State or other jurisdiction
of incorporation) 		0-4690
(Commission File Number) 		74-2126975
(IRS Employer
Identification Number)

6500 River Place Boulevard, Building I
(Address of principal executive offices) 		  78730
(Zip Code)

512-404-5000
(Registrant's telephone number, including area code)

Not Applicable
(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:
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 Principal Officers; Election of Directors; Appointment of Principal Officers

On December 17, 2007, William J. McCarthy notified Financial Industries Corporation (the "Company") of his intention to resign his position as the Company's Senior Vice President and Chief Actuary, effective December 28, 2007, in order to take a position at another company.

On December 21, 2007, the Company announced the appointment of Jonathan Val Smith, age 47, as its new Senior Vice President and Chief Actuary, effective upon Mr. McCarthy's departure.

Prior to his appointment, Mr. Smith served as Vice President and Chief Actuary at Citizens Insurance Company of America from 2002-2004, where he was responsible for product development and financial reporting. Mr. Smith then worked as an independent actuarial and risk management consultant from 2004-2007. He joined the Company in August 2007 as a corporate actuary.

In connection with his appointment, Mr. Smith's base salary has been increased to $180,000 per year.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
            99.1       Press Release of Financial Industries Corporation dated December 21, 2007

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.


Dated: December 21, 2007
 FINANCIAL INDUSTRIES CORPORATION

By:  /s/ William B. Prouty                    
     William B. Prouty
     Chief Executive Officer

Exhibit Index
Exhibit No. Description
99.1 Press Release of Financial Industries Corporation dated December 21, 2007
EX-99 2 financialindustries.htm FINANCIAL INDUSTRIES CORPORATION PRESS RELEASE

Financial Industries Corporation Appoints New Chief Actuary

AUSTIN, TX -- 12/21/2007 -- Financial Industries Corporation (PINKSHEETS: FNIN) announced today the promotion of Val Smith to senior vice president and chief actuary.

William J. McCarthy, FIC's current senior vice president and chief actuary, is resigning Dec. 28 to take a position at another company. Smith will assume his new responsibilities upon McCarthy's departure.

Smith moves into his new role with more than 18 years of actuarial experience in the life and health insurance industries and enterprise risk management. Before joining FIC earlier this year as a corporate actuary, he was employed as chief actuary at Citizens Insurance Company of America in Austin, Texas, then as an independent consultant.

"We are sad to see Bill McCarthy leave and wish him nothing but success in his new endeavors," said Bill Prouty, FIC's chief executive officer. "We are very confident that Val will excel in his new role, and that his expertise and knowledge of our data and systems will make the transition seamless."

Smith has bachelor's and master's degrees in statistics from Brigham Young University. He is a Fellow of the Society of Actuaries and Member of the American Academy of Actuaries.

FIC, through its Investors Life Insurance Company of North America subsidiary, markets and underwrites individual life insurance products. For more information on FIC, go to http://www.ficgroup.com on the Internet.

Statements in this document relating to future developments, disclosures and other statements that are not historical facts are forward-looking statements. Actual results may differ materially from these forward-looking statements as a result of market conditions, the timing and results of FIC's audits, reviews and filings with regulatory bodies, the interest of and actions by third parties engaging in transactions with FIC and other factors contained in FIC's Form 10-K for the year ended Dec. 31, 2006, and other filings with the SEC. 

Contact Information:
Financial Industries Corporation
Shannon Coffin
Phone:  512-404-5550
E-mail:  ir@ficgroup.com
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