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First Acceptance Corporation Announces Appointment of Two New Board Members

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First Acceptance Corporation (OTCQX:FACO) announced two board appointments effective October 6, 2025. Craig Gentry and Raimundo Ruiz join the Board; Gentry will also serve on the Audit Committee and Ruiz will serve on the Risk Committee. Following the additions, the Board totals nine directors, including seven independent members.

Mr. Gentry brings over 35 years of insurance distribution and sales leadership, including Regional Sales Manager at Progressive (1999–2021) and VP-Sales at Polly (2021–2022). Mr. Ruiz brings over 35 years in personal lines, program development and underwriting, including CEO of Patriot General (since Nov 2022) and prior executive roles at Embark General and Confie.

First Acceptance Corporation (OTCQX:FACO) ha annunciato due nomine nel consiglio con decorrenza dal 6 ottobre 2025. Craig Gentry e Raimundo Ruiz si uniscono al Consiglio; Gentry parteciperà anche al Comitato di Audit e Ruiz al Comitato dei Rischi. Dopo le nuove assunzioni, il Consiglio è composto da nove membri, di cui sette indipendenti.

Il signor Gentry vanta oltre 35 anni di esperienza nella distribuzione assicurativa e nella leadership delle vendite, tra cui Regional Sales Manager presso Progressive (1999–2021) e VP delle Vendite presso Polly (2021–2022). Il signor Ruiz vanta oltre 35 anni nel settore delle linee personali, nello sviluppo di programmi e nella sottoscrizione, tra cui CEO di Patriot General (dal nov 2022) e precedenti ruoli esecutivi presso Embark General e Confie.

First Acceptance Corporation (OTCQX:FACO) anunció dos nombramientos en la junta con efecto a partir del 6 de octubre de 2025. Craig Gentry y Raimundo Ruiz se incorporan a la Junta; Gentry también formará parte del Comité de Auditoría y Ruiz formará parte del Comité de Riesgos. Tras estas incorporaciones, la Junta suma nueve directores, de los que siete son independientes.

El señor Gentry aporta más de 35 años de experiencia en distribución de seguros y liderazgo en ventas, incluyendo Regional Sales Manager en Progressive (1999–2021) y VP de Ventas en Polly (2021–2022). El señor Ruiz aporta más de 35 años en líneas personales, desarrollo de programas y suscripción, incluyendo CEO de Patriot General (desde nov 2022) y puestos ejecutivos anteriores en Embark General y Confie.

First Acceptance Corporation (OTCQX:FACO)2025년 10월 6일부로 발효되는 이사회 임명을 두 건 발표했습니다. Craig Gentry와 Raimundo Ruiz가 이사회에 합류하며; Gentry는 또한 감사위원회에, Ruiz는 리스크 위원회에 각각 소속됩니다. 이 추가로 이사회는 아홉 명의 이사로 구성되며, 그중 일곱 명은 독립 이사입니다.

Gentry 씨는 Progressive의 지역 영업 매니저(1999–2021)와 Polly의 영업 부사장(2021–2022)을 포함해 보험 유통 및 영업 리더십 분야에서 35년 이상의 경력을 보유하고 있습니다. Ruiz 씨는 개인 보험 라인, 프로그램 개발 및 인수에 있어 35년 이상의 경력을 보유하고 있으며 Patriot General의 CEO(2022년11월부터) 및 Embark General과 Confie에서의 전임 직책을 포함합니다.

First Acceptance Corporation (OTCQX:FACO) a annoncé deux nominations au conseil effectives le 6 octobre 2025. Craig Gentry et Raimundo Ruiz rejoignent le conseil; Gentry siègera également au Comité d'audit et Ruiz siènera au Comité des risques. Après ces ajouts, le conseil compte neuf administrateurs, dont sept indépendants.

M. Gentry apporte plus de 35 ans d'expérience dans la distribution d'assurance et le leadership des ventes, notamment en tant que Regional Sales Manager chez Progressive (1999–2021) et VP des Ventes chez Polly (2021–2022). M. Ruiz apporte plus de 35 ans dans les lignes personnelles, le développement de programmes et la souscription, notamment PDG de Patriot General (depuis nov. 2022) et des postes exécutifs antérieurs chez Embark General et Confie.

First Acceptance Corporation (OTCQX:FACO) gab zwei Vorstandsberufungen bekannt, wirksam ab dem 6. Oktober 2025. Craig Gentry und Raimundo Ruiz treten dem Vorstand bei; Gentry wird auch dem Prüfungsausschuss und Ruiz dem Risikoausschuss angehören. Nach den Ergänzungen besteht der Vorstand aus neun Direktoren, davon sieben unabhängige Mitglieder.

Herren Gentry bringen über 35 Jahre Erfahrung im Versicherungsvertrieb und Vertriebsführung mit, darunter Regional Sales Manager bei Progressive (1999–2021) und VP-Vertrieb bei Polly (2021–2022). Herr Ruiz bringt über 35 Jahre Erfahrung in Privatversicherung, Programmentwicklung und Underwriting mit, darunter CEO von Patriot General (seit Nov. 2022) und frühere Führungspositionen bei Embark General und Confie.

First Acceptance Corporation (OTCQX:FACO) أعلنت عن تعيينين جديدين في المجلس ساريين اعتباراً من 6 أكتوبر 2025. ينضم Craig Gentry وRaimundo Ruiz إلى المجلس؛ سيخدم Gentry أيضاً في لجنة التدقيق وسيرتبط Ruiz بـ لجنة المخاطر. بعد الإضافات، يتكوّن المجلس من تسعة مديرين، من بينهم سبعة مستقلين.

يجلب السيد جنتري أكثر من 35 عامًا من الخبرة في توزيع التأمين والقيادة في المبيعات، بما في ذلك مدير المبيعات الإقليمي في Progressive (1999–2021) ونائب رئيس المبيعات في Polly (2021–2022). يجلب السيد Ruiz أكثر من 35 عامًا في خطوط التأمين الشخصية، وتطوير البرامج وإعادة التأمين، بما في ذلك المدير التنفيذي لشركة Patriot General (منذ نوفمبر 2022) ومناصب تنفيذية سابقة في Embark General وConfie.

First Acceptance Corporation (OTCQX:FACO)宣布两项董事会任命自2025年10月6日起生效。 Craig Gentry 和 Raimundo Ruiz 将加入董事会;Gentry 还将担任 审计委员会,Ruiz 将担任 风险委员会。增补后,董事会总计 九名董事,其中 七名为独立董事

Gentry 先生在保险分销和销售领导方面拥有超过 35 年 的经验,其中包括在 Progressive 担任区域销售经理(1999–2021)以及 Polly 的销售副总裁(2021–2022)。Ruiz 先生在个人险、项目开发和承保方面拥有超过 35 年 的经验,其中包括 Patriot General 的CEO(自 2022 年 11 月起)以及在 Embark General 和 Confie 的前任高管职位。

Positive
  • Board expanded to nine directors with seven independent members
  • Adds two directors with 35+ years insurance industry experience
  • Gentry named to the Board Audit Committee
  • Ruiz named to the Board Risk Committee
Negative
  • None.

NASHVILLE, TN, AL / ACCESS Newswire / October 6, 2025 / First Acceptance Corporation (OTCQX:FACO) today announced the appointment of Craig Gentry and Raimundo Ruiz to its Board of Directors effective October 6, 2025. Mr. Gentry also will serve as a member of the Board's Audit Committee, while Mr. Ruiz also will serve as a member of the Board's Risk Committee. Following these appointments, the Company's Board will be comprised of nine directors, seven of whom are independent.

Mr. Gentry has over 35 years of strategic and tactical experience managing independent agents and served as a Regional Sales Manager for Progressive Insurance from 1999 to 2021. Most recently, from 2021 to 2022, he was Vice President-Sales for Polly leading a staff of 30 who oversaw the distribution and performance of 1,800 auto dealerships. He received his BS in Marketing from Middle Tennessee State University.

Mr. Ruiz has over 35 years of experience in the personal lines insurance market focusing on program development integrating technology and underwriting discipline. He has been the Chief Executive Officer for Patriot General since November 2022, and his experience includes tenure as Chairman, President and CEO of Embark General from 2018 to 2022 and as Chief MGA Officer for Confie from 2015 to 2018. He received his BA in Economics from the University of California at Irvine.

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 solely offer our own underwritten insurance policies 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

When did First Acceptance Corporation (FACO) appoint Craig Gentry and Raimundo Ruiz to its board?

They were appointed effective October 6, 2025.

How many directors will FACO have after the October 6, 2025 board appointments?

The Board will comprise nine directors, of which seven are independent.

Which board committees will the new FACO directors join?

Craig Gentry will join the Audit Committee and Raimundo Ruiz will join the Risk Committee.

What relevant experience does Craig Gentry bring to FACO's board?

Gentry has over 35 years in insurance distribution and sales, including Regional Sales Manager at Progressive (1999–2021).

What is Raimundo Ruiz's background relevant to FACO shareholders?

Ruiz has over 35 years in personal lines, program development and underwriting and has served as CEO of Patriot General since November 2022.
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