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FAC > SEC Filings for FAC > Form 8-K on 1-Jul-2013All Recent SEC Filings

Show all filings for FIRST ACCEPTANCE CORP /DE/



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 July 1, 2013, First Acceptance Corporation, or the Company, announced the appointment of Brent J. Gay (age 36) as Senior Vice President and Chief Financial Officer of the Company. Mr. Gay will assume his position with the Company effective July 22, 2013. Mr. Gay comes from Titan Insurance, a unit of Nationwide Insurance, where he was Chief Financial Officer since December 2011. Prior to that, he served Nationwide Insurance in various financial planning and analysis roles of increasing responsibility within Nationwide's property and casualty operations. From 1999 to 2006, Mr. Gay held several financial leadership roles at General Motors Corporation in various divisions.

Mr. Gay's annual salary will be $215,000, and he will be eligible to receive a bonus of up to 50% of his annual salary on terms commensurate with the other named executive officers of the Company.

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