UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 6, 2008 (October 1, 2008)
FIRST ACCEPTANCE CORPORATION
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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001-12117
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75-1328153 |
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| (State or Other Jurisdiction
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(Commission File Number)
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(I.R.S. Employer |
| of Incorporation)
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Identification No.) |
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| 3322 West End Ave, Suite 1000
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| Nashville, Tennessee
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37203 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Item 5.02 |
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. |
On October 1, 2008, the Compensation Committee of the Board of Directors of First Acceptance
Corporation (the “Company”) authorized an award of 15,000 shares of restricted stock (the
“Restricted Stock Awards”) to each of Stephen J. Harrison, Chief Executive Officer of the Company,
and Edward L. Pierce, President of the Company, pursuant to the First Acceptance Corporation 2002
Long Term Incentive Plan, as amended (the “Plan”). The Restricted Stock Awards will vest 100% on
July 1, 2009. The Restricted Stock Awards are subject to the provisions of the Plan and such other
terms and conditions as are contained in the form of Restricted Stock Award Agreement attached as
Exhibit 99 to this report and incorporated herein by reference.
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| Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits
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99 |
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Form of Restricted Stock Award Agreement. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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FIRST ACCEPTANCE CORPORATION
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| Date: October 6, 2008 |
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/s/ Stephen J. Harrison
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Stephen J. Harrison |
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Chief Executive Officer |
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