First Acceptance Corporation Announces Appointment of New Board Member

Rhea-AI Summary

First Acceptance Corporation (OTCQX:FACO) announced the appointment of Corey G. Prestidge to its Board of Directors, effective November 4, 2025.

Following the appointment the board will total ten directors, with seven independent directors. Mr. Prestidge is a practicing attorney with over 25 years in corporate and securities law, has served as General Counsel and Secretary of Hilltop Holdings since January 2008, and has provided legal services to First Acceptance since 2012. His prior roles include assistant general counsel at Mark Cuban Companies and associate at Jenkens & Gilchrist. He holds a B.S. in Economics and a J.D. from Southern Methodist University.

News Market Reaction

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-0.76% News Effect

On the day this news was published, FACO declined 0.76%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NASHVILLE, TN / ACCESS Newswire / November 17, 2025 / First Acceptance Corporation (OTCQX:FACO) today announced the appointment of Corey G. Prestidge to its Board of Directors effective November 4, 2025. Following this appointment, the Company's Board will be comprised of ten directors, seven of whom are independent.

Mr. Prestidge has been a practicing attorney for more than 25 years specializing in corporate and securities law. He has served as General Counsel and Secretary of Hilltop Holdings Inc. since January 2008. Mr. Prestidge also has provided legal services to the Company since 2012. From November 2005 to January 2008, he served as assistant general counsel of Mark Cuban Companies. Prior to that, he served as an associate in the corporate and securities practice group at Jenkens & Gilchrist. Mr. Prestige received his B.S. in Economics from Southern Methodist University and his J.D. from Southern Methodist University School of Law.

About First Acceptance Corporation

First Acceptance Corporation is an insurance holding company headquartered in Nashville that underwrites non-standard personal automobile insurance through insurance companies known as the First Acceptance Insurance Group. We offer our own underwritten insurance policies primarily through independent agents.

Additional information about First Acceptance Corporation can be found online at www.firstacceptance.com.

INVESTOR RELATIONS CONTACT:

Michael J. Bodayle
mbodayle@firstacceptance.com

SOURCE: First Acceptance Corporation

View the original press release on ACCESS Newswire

FAQ

Who did First Acceptance Corporation (OTCQX:FACO) appoint to its board on November 4, 2025?

First Acceptance appointed Corey G. Prestidge to its Board of Directors effective November 4, 2025.

How many directors will First Acceptance (FACO) have after the November 2025 board appointment?

After the appointment First Acceptance's board will have ten directors, of which seven are independent.

What is Corey G. Prestidge's professional background mentioned by First Acceptance (FACO)?

Mr. Prestidge is a corporate and securities attorney with 25+ years experience, serving as General Counsel and Secretary of Hilltop Holdings since January 2008 and advising First Acceptance since 2012.

When did Corey G. Prestidge begin providing legal services to First Acceptance (OTCQX:FACO)?

Corey G. Prestidge has provided legal services to First Acceptance since 2012.

What education does new director Corey G. Prestidge have according to First Acceptance (FACO)?

Mr. Prestidge holds a B.S. in Economics and a J.D. from Southern Methodist University.