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First Acceptance Corp. (FAC)On Nov 20: 1.95   0.00 (0.00%)  
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First Acceptance Corp.
3322 West End Avenue
Suite 1000
Nashville, TN 37203
United States - Map
Phone: 615-327-4888
Fax: 615-844-2835
Web Site: http://www.firstacceptancecorp.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Life Insurance
Full Time Employees:1,175

BUSINESS SUMMARY 
First Acceptance Corporation, through its subsidiaries, engages in selling, servicing, and underwriting non-standard personal automobile insurance products primarily in the southeastern and mid western United States. It offers various ancillary reimbursements and benefits that provide reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident; automobile towing and rental; bail bond premiums; and ambulance services. The company provides its insurance services to individuals categorized as ‘non-standard’ based on their inability or unwillingness to obtain standard insurance coverage due to various factors, including payment history, payment preference, and failure in the past to maintain continuous insurance coverage, driving record, and/or vehicle type. First Acceptance Corporation primarily distributes its products through retail sales offices. As of September 1, 2009, it leased and operated 418 retail locations. In addition, the company sells real estate properties in San Antonio, Texas. First Acceptance Corporation was founded in 1969 and is based in Nashville, Tennessee.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    First Acceptance Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 55.9% of Russell 3000 companies and 46.2% of Insurance companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Stephen J. Harrison , 57
    Chief Exec. Officer, Sr. VP of Sales & Marketing, Director, Chief Exec. Officer of US Auto Holdings Inc and Pres of US Auto Holdings Inc
    $ 725.00K $ 0
    Mr. Edward L. Pierce , 52
    Pres
    $ 600.00K $ 0
    Mr. Kevin P. Cohn , 39
    Chief Financial Officer, Chief Accounting Officer, Sr. Vice Pres and Sec.
    $ 375.00K $ 0
    Mr. Daniel L. Walker , 46
    Sr. VP of Operations
    $ 316.00K $ 0
    Mr. Keith E. Bornemann , 37
    VP and Corp. Controller
    $ 194.00K $ 0
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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