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MCY > SEC Filings for MCY > Form 8-K on 8-Mar-2013All Recent SEC Filings

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Form 8-K for MERCURY GENERAL CORP


8-Mar-2013

Change in Directors or Principal Officers


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

On March 5, 2013, the Compensation Committee of the Board of Directors of Mercury General Corporation (the "Company") established base salaries for the 12-month period beginning March 3, 2013 for George Joseph, the Company's Chairman of the Board, and Gabriel Tirador, the Company's President and Chief Executive Officer. Pursuant to a standing resolution of the Board of Directors, which grants authority to Messrs. Joseph and Tirador to establish the compensation for executive officers of the Company other than the Chairman of the Board and President and Chief Executive Officer, Messrs. Joseph and Tirador established base salaries for the Company's other named executive officers for the same period.

The annual base salaries for the Company's named executive officers, including its principal executive officer and principal financial officer, effective March 3, 2013 are set forth in the following table:

                                                                                 Annual
Name                   Title                                                   Base Salary
George Joseph          Chairman of the Board                                    $932,000
Gabriel Tirador        President and Chief Executive Officer                    $862,000
Theodore Stalick       Vice President and Chief Financial Officer               $540,241
Allan Lubitz           Senior Vice President and Chief Information Officer      $405,999
Christopher Graves     Vice President and Chief Investment Officer              $382,150


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