Item 5.02. Departure of Directors of Certain Officers; Election of Directors;
appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 28, 2009, Laura L. Ervin resigned as the Chief Accounting Officer of the Company. On September 17, 2009, American Safety Administrative Services, Inc., a wholly-owned subsidiary of the Company, and Ms. Ervin entered into an Agreement and General Release pursuant to which Ms. Ervin will receive
(i) severance pay of $63,070 payable in a lump sum; (ii) accrued but unpaid base salary and vacation pay, if any; (iii) accelerated vesting of 2,812.75 shares of restricted stock previously awarded, valued at $47,451; (iv) accelerated vesting of options to purchase 3,000 shares of the Company's common stock at an average exercise price of $19.25 per share; (v) payment of the employee's portion of the cost of COBRA continuation coverage for 12 months, payable in a lump sum of $10,463; and (vi) outplacement services for a period of six months.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished herewith:

Exhibit No. Description

10.1 Agreement and General Release with Laura L. Ervin

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