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AMSF > SEC Filings for AMSF > Form 8-K on 5-Jun-2014All Recent SEC Filings

Show all filings for AMERISAFE INC

Form 8-K for AMERISAFE INC


5-Jun-2014

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 June 4, 2014, Craig P. Leach advised the Board that he intends to retire from AMERISAFE, Inc. (the "Company") effective December 31, 2014. Mr. Leach, age 64, currently serves as the Company's Executive Vice President, Sales and Marketing, a position he has held since August 2002.

In connection with his retirement, Mr. Leach will enter into a consulting agreement with the Company. The consulting agreement has a term of five years beginning on January 1, 2015, pursuant to which Mr. Leach will provide insurance and business consulting services to the Company. For these services, the Company will pay Mr. Leach an annual consulting fee of $110,000 in 2015 and 2016, $109,000 in 2017 and $105,000 in 2018 and 2019. Under the consulting agreement, Mr. Leach is subject to confidentiality, non-competition and certain other covenants.

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