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ASFI > SEC Filings for ASFI > Form 8-K on 27-Mar-2014All Recent SEC Filings

Show all filings for ASTA FUNDING INC



Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Asta Funding, Inc. (the "Company") announced that Mary Curtin, its Senior Vice President, has resigned and has left the Company effective March 24, 2014, subject to any rights of revocation in accordance with applicable law. Ms. Curtin's resignation arises from her relocation to another state. Ms. Curtin's responsibilities will be taken over by other members of the Company's management team. In connection with her resignation the Company will pay Ms. Curtin for an additional twenty-six weeks, payable in accordance with the Company's customary payroll practices for the period commencing after the effective date referenced above.

The Company has also announced Ricky Stern, 29, has been promoted to Senior Vice President. Mr. Stern will be compensated at a rate of $200,000 per annum during the coming year. Prior to this, Mr. Stern served as Assistant Treasurer of the Company and has been with the company for three years. Prior to joining the Company, Mr. Stern earned an MBA in Finance from Pace University in 2011. Mr. Stern is a Certified Financial PlannerTM professional as well as a Certified Investment Management AnalystSM professional.

Ricky Stern is the son of the Chairman, President and CEO of the Company, Gary Stern, and the grandson of the Chairman Emeritus of the Company, Arthur Stern.

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