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FAC > SEC Filings for FAC > Form 8-K on 17-Mar-2014All 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.

2013 Bonuses

On March 11, 2014, the Compensation Committee of the Board of Directors of First
Acceptance Corporation, or the Company, awarded bonuses to the Company's 2013
named executive officers as follows with respect to their performance during

                                Name               Amount
                      Mark A. Kelly               $ 400,000
                      Joseph S. Borbely           $ 270,000
                      Brent Gay                   $  57,608
                      Daniel L. Walker            $ 120,000

The bonuses awarded were determined by the Compensation Committee based upon an evaluation of their respective performance after reviewing the bonuses payable to them under Senior Executive Bonus Program. Mr. Gay's bonus was prorated for his service during 2013.

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