UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): November 15, 2011

 

 

FIRST ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-12117   75-1328153

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

3813 Green Hills Village Drive

Nashville, Tennessee

  37215
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (615) 844-2800

(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))

 

 

 


Section 5 – Corporate Governance and Management

Item 5.03    Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On November 15, 2011, the Board of Directors of First Acceptance Corporation, or the Company, approved a change in the fiscal year of the Company from June 30 to December 31. Accordingly, a transition report will be filed on Form 10-K for the period ended December 31, 2011.

Item 5.07    Submission of Matters to a Vote of Security Holders.

On November 15, 2011, the Company held its 2011 Annual Meeting of Stockholders in Nashville, Tennessee. At the 2011 Annual Meeting, stockholders were asked to vote on four proposals: the election of the nine director nominees named in the proxy statement; an advisory vote on executive compensation; an advisory vote on the frequency of advisory votes on executive compensation; and the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2012. The voting results at the 2011 Annual Meeting were as follows:

 

Proposal No. 1:    The following nine director nominees were elected to serve on the Company’s Board of Directors until the next annual meeting of stockholders and until their successors are duly elected and qualify.

 

Name

   For      Against      Withheld      Broker
Non-Votes
 

Rhodes R. Bobbitt

     31,315,747         —           806,253         14,121,969   

Harvey B. Cash

     31,285,554         —           836,446         14,121,969   

Donald J. Edwards

     31,398,920         —           723,080         14,121,969   

Jeremy B. Ford

     30,847,378         —           1,274,622         14,121,969   

Stephen J. Harrison

     31,721,146         —           400,854         14,121,969   

Thomas M. Harrison, Jr.

     31,638,344         —           483,656         14,121,969   

Tom C. Nichols

     31,295,765         —           826,235         14,121,969   

Lyndon L. Olson, Jr.

     31,295,715         —           826,285         14,121,969   

William A. Shipp, Jr.

     31,318,615         —           803,385         14,121,969   

 

Proposal No. 2:    The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

31,766,921

  342,622   12,457   14,121,969

 

Proposal No. 3:    The stockholders preferred frequency of an advisory vote on executive compensation was every year.

 

1 Year

 

2 Years

 

Three Years

 

Abstain

 

Broker

Non-Votes

31,792,323

  7,995   304,462   17,220   14,121,969

The Company’s Board of Directors recommended annual advisory voting on executive compensation. Taking into account the preferences of the Company’s stockholders, as indicated by the foregoing vote, the Company will hold advisory votes on the compensation of the Company’s named executive officers annually until the next required (non-binding) vote on the frequency of advisory “say-on-pay” votes.

 

Proposal No. 4:    The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2012 was ratified.

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

46,104,266

  129,843   9,860   —  

Section 8 – Other Events

Item 8.01    Other Events.

Following the 2011 Annual Meeting of Stockholders on November 15, 2011, the Board of Directors of the Company appointed Jeremy B. Ford as Chairman of the Board of the Company.

 

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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.

 

 

First Acceptance Corporation,

a Delaware corporation

Date: November 18, 2011   By:  

/s/ JOHN BARNETT

  Name:   John Barnett
  Title:   Senior Vice President - Finance

 

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