Form 8-K National Interstate CORP For: Nov 12
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E-mailUNITED 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 12, 2015
NATIONAL INTERSTATE CORPORATION
(Exact name of registrant as specified in its charter)
Ohio | 000-51130 | 34-1607394 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
3250 Interstate Drive, Richfield, OH | 44286-9000 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (330) 659-8900
Not Applicable
(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:
¨ 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 Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective November 12, 2015, the Board of Directors (the “Board”) of National Interstate Corporation (the “Company”) promoted Anthony (Tony) J. Mercurio to President. Mr. Mercurio has served as Executive Vice President and Chief Operating Officer of the Company since January 1, 2013, and he will continue to serve as Chief Operating Officer. Mr. David Michelson will continue to serve as Chief Executive Officer of National Interstate. Mr. Mercurio was not appointed to his new position pursuant to any arrangement or understanding with any other person, and he has no reportable transactions under Item 404(a) of Regulation S-K.
Originally joining the National Interstate organization in 1997, Mr. Mercurio has held numerous management and executive positions with the Company’s subsidiaries, National Interstate Insurance Company and Vanliner Insurance Company, throughout his tenure, including serving as chief executive officer of Vanliner Insurance Company from 2010 through 2012. Prior to joining the Company, Mr. Mercurio held various product and management positions with Westfield Insurance Company and American International Group.
In connection with the promotion stated above, Mr. Mercurio’s compensation will increase from an annual salary of $345,000, as previously disclosed in the Company’s 2015 Proxy Statement, to $380,000. This increase is effective November 12, 2015.
The Company’s press release announcing Mr. Mercurio’s promotion is filed as Exhibit 99.1 and incorporated by reference into this Current Report on Form 8-K.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release of National Interstate Corporation dated November 16, 2015 | |
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.
National Interstate Corporation
By: | /s/ Arthur J. Gonzales |
Arthur J. Gonzales | |
Senior Vice President, General Counsel & Secretary | |
Date: November 16, 2015
Exhibit 99.1
National Interstate Corporation Announces Promotion of Anthony J. Mercurio to President
Richfield, Ohio, November 16, 2015 - National Interstate Corporation (Nasdaq: NATL; National Interstate) announced that effective November 12, 2015, the Board of Directors promoted Anthony (Tony) J. Mercurio to President. Mr. Mercurio has served as Executive Vice President and Chief Operating Officer of National Interstate since January 1, 2013, and he will continue to serve as Chief Operating Officer. Mr. David Michelson will continue to serve as Chief Executive Officer of National Interstate.
Originally joining the National Interstate organization in 1997, Mr. Mercurio has held numerous management and executive positions with our subsidiaries, National Interstate Insurance Company and Vanliner Insurance Company, throughout his tenure, including serving as chief executive officer of Vanliner Insurance Company from 2010 through 2012. Prior to joining National Interstate, Mr. Mercurio held various product and management positions with Westfield Insurance Company and American International Group.
Mr. Michelson stated: “It is my pleasure to announce Tony becoming President of National Interstate. His appointment to President is both my and the Board of Directors’ acknowledgement and appreciation of Tony’s many contributions over the years. Tony knows this business at all levels and has been a trusted colleague and friend for many years. I couldn’t be more pleased with this appointment.”
In accepting this appointment, Mr. Mercurio said: “I thank Dave and the Board for the confidence they have shown in me. I have devoted a large part of my career to National Interstate and its continued success remains my number one goal. I would also like to thank my colleagues and associates at National Interstate as well as the many valued business partners that work with us. Without them, this would not have been possible.”
Mr. Mercurio holds a Bachelor’s degree from the University of Mount Union and Master of Business Administration degree from Cleveland State University. He has also earned a Certified Professional Insurance Agent designation and an Associate in Risk Management designation.
About National Interstate Corporation
National Interstate Corporation (Nasdaq: NATL), founded in 1989, is the holding company for a specialty property-casualty insurance group which offers products and services designed to meet the unique needs of niche markets. Products include insurance for passenger, truck, and moving and storage transportation companies, alternative risk transfer, or captive programs for commercial risks, specialty personal lines products focused primarily on recreational vehicle owners, and transportation and general commercial insurance in Hawaii and Alaska. The Company's insurance subsidiaries, including the three primary insurers, National Interstate Insurance Company, Vanliner Insurance Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company. Headquartered in Richfield, Ohio, National Interstate is an independently operated subsidiary of Great American Insurance Company, a property-casualty subsidiary of American Financial Group, Inc. (NYSE:AFG) (Nasdaq:AFG)
Contact:
Gary Monda
National Interstate Corporation
877-837-0339
www.natl.com
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