Attached files
file | filename |
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EX-99.1 - PRESIDENTIAL LIFE CORP | v168659_ex99-1.htm |
EX-99.2 - PRESIDENTIAL LIFE CORP | v168659_ex99-2.htm |
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) December
7, 2009
|
PRESIDENTIAL LIFE CORPORATION
(Exact
Name of Registrant as Specified in
Charter)
|
Delaware
|
0-5486
|
13-2652144
|
||
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
69
Lydecker Street, Nyack, New York
|
10960
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code (845)
358-2300
|
N/A
|
(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):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On
December 9, 2009, by action of the Board of Directors (the “Board”) of
Presidential Life Corporation (the “Corporation”), Herbert Kurz was removed as
Chairman of the Corporation, effective immediately. Also by action of
the Board, Charles Snyder was removed from the position of Chief Financial
Officer of the Corporation, effective as of December 9, 2009.
Also by
action of the Board, Dominic F. D’Adamo, age 62, was appointed Acting Chief
Financial Officer of the Corporation, effective as of December 9,
2009. Mr. D’Adamo was, most recently, Senior Vice President of
Finance at EmblemHealth Inc. from 2003 to 2008. Previously, he was
Managing Director and Corporate Controller of Marsh Inc. from 1976 to
2003. Mr. D’Adamo has a M.B.A. and a B.B.A. from Baruch College of
the City University of New York. He is a licensed CPA and a member of
the American Institute of Certified Public Accountants. Mr. D’Adamo
also served as a member of the AICPA Insurance Agents & Brokers Task
Force.
The
Corporation issued a press release announcing the removals of Mr. Kurz and Mr.
Snyder and the appointment of Mr. D’Adamo. A copy of this press
release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item
8.01 Other
Events.
On
December 7, 2009, the Corporation issued a press release announcing that it had
mailed its consent revocation statement and soliciting materials to stockholders
in connection with the consent solicitation initiated by Herbert
Kurz. A copy of this press release is attached hereto as Exhibit 99.2
and is incorporated herein by reference.
Item
9.01. Financial Statements and
Exhibits.
(d)
Exhibits:
Exhibit Number | Description |
99.1
|
Press
Release, issued by Presidential Life Corporation on December 10,
2009
|
99.2
|
Press
Release, issued by Presidential Life Corporation on December 7,
2009
|
SIGNATURES
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.
PRESIDENTIAL LIFE
CORPORATION
|
|||
Date:
December 10, 2009
|
By:
|
/s/ Donald L. Barnes | |
Donald
L. Barnes, President and Duly
Authorized
Officer of the Registrant
|
Date:
December 10, 2009
|
By:
|
/s/ Dominic F. D’Adamo | |
Dominic
F. D’Adamo, Acting Chief
Financial
Officer of the Registrant
|
Exhibit
Index
Exhibit Number | Description |
99.1
|
Press
Release, issued by Presidential Life Corporation on December 10,
2009
|
99.2
|
Press
Release, issued by Presidential Life Corporation on December 7,
2009
|