Insurer buys back ex-CEO's shares

Auto insurer First Acceptance last week bought back almost 460,000 shares — a shade under 1 percent of the company's total stock — from former CEO Edward Pierce, who resigned his post at the company in March. First Acceptance paid Pierce $1.60 per share, a nice 12 percent premium to where First Acceptance (Ticker: FAC) was trading on the day the deal closed.

Sep 14, 2011 12:11 PM

President, CFO out at auto insurer

Lieutenant of chairman/top investor named interim First Acceptance president
Mar 2, 2011 11:24 PM

First Acceptance shuffles execs

Harrison relinquishes president role, CFO moving up
Feb 11, 2008 11:00 AM