People: First Mercury Financial Corporation (FMR)
FMR on New York Consolidated
11.87USD
9 Feb 2010
11.87USD
9 Feb 2010
Price Change (% chg)
$0.30 (+2.59%)
$0.30 (+2.59%)
Prev Close
$11.87
$11.87
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Day's High
$11.88
$11.88
Day's Low
$11.58
$11.58
Volume
65,429
65,429
Avg. Vol
46,318
46,318
52-wk High
$16.28
$16.28
52-wk Low
$9.88
$9.88
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
| Smith, Richard | 58 | 2006 | Chairman of the Board, President, Chief Executive Officer |
| Shaw, Jerome | 66 | 2007 | Chairman Emeritus |
| Marazza, John | 48 | 2006 | Chief Financial Officer, Executive Vice President, Corporate Secretary |
| Wawok, Jeffrey | 32 | 2006 | Executive Vice President |
| Camp, E. Edward | 2009 | Executive Vice President, Chief Underwriting Officer | |
| Fleckenstein, Terrance | 49 | 2008 | Chief Claims Officer |
| Rademacher, Hollis | 73 | 2004 | Director |
| Shapiro, Steven | 44 | 2004 | Director |
| Kearney, Thomas | 52 | 2006 | Director |
| Manetti, Louis | 52 | 2006 | Director |
| Tyler, William | 66 | 2006 | Director |
| Boyer, George | 57 | 2009 | Director |
| Pickard, Bradley | 46 | 2009 | Director |
Biographies
| Name | Description |
|---|---|
| Smith, Richard | Mr. Richard H. Smith is Chairman of the Board, President, Chief Executive Officer of First Mercury Financial Corporation. He has served as the President and Chief Executive Officer since 2005. Mr. Smith became the Chairman, President and Chief Executive Officer in November 2006. He joined the Company as its President and Chief Operating Officer in 1996. Mr. Smith began his insurance career with Providian Corporation in 1975 and held various financial positions before becoming Chief Financial Officer of Providian Direct Insurance in 1989 and President and Chief Operating Officer of Providian Direct Auto Insurance in 1993. Mr. Smith has served as a member of the Board of Directors since 1996. |
| Shaw, Jerome | Mr. Jerome M. Shaw has served as Director of First Mercury Financial Corporation., since 1973. In March 2007, he was given the title Chairman Emeritus of the Company. From 1973 to 2005, he was the Chief Executive Officer. He is the founder of the Company. Mr. Shaw entered the insurance business in 1967 and formed CoverX in 1973. |
| Marazza, John | Mr. John A. Marazza has served as the Executive Vice President, Chief Financial Officer and Corporate Secretary of First Mercury Financial Corporation., since July 2006. From 2003 to 2005, he served as the Chief Operating Officer and Secretary of ProCentury Corporation, formerly known as ProFinance Holdings Corporation. From 2000 to 2003, he was the Executive Vice President, Treasurer and Secretary of ProCentury Corporation. Mr. Marazza was also a director of ProCentury Corporation from 2000 to 2005. From 1991 to 2000, Mr. Marazza served as a financial or operational executive with four insurance enterprises and from 1982 to 1991 was with KPMG LLP serving insurance industry clients. Mr. Marazza is a Certified Public Accountant (non-practicing). |
| Wawok, Jeffrey | Jeffrey R. Wawok is Executive Vice President of First Mercury Financial Corporation., since 2006. Mr. Wawok began his career in 1999 with Cochran, Caronia & Co., a boutique investment bank focused on the insurance industry, most-recently serving as a Vice President with a specialty in working with property & casualty insurance carriers on a variety of transactions, including mergers & acquisitions, divestitures, and private and public capital raising. Mr. Wawok has been awarded the Chartered Financial Analyst designation. |
| Camp, E. Edward | Mr. E. Edward ("Ted") Camp is Executive Vice President, Chief Underwriting Officer of First Mercury Financial Corporation. Prior to his appointment, Mr. Camp was Senior Vice President and Chief Underwriting Officer of the CoverX specialty operations. Mr. Camp has over 23 years of experience in the insurance industry, including various management roles at a excess and surplus lines property and casualty insurer prior to joining First Mercury in 2006. Mr. Camp holds a Bachelor's degree in Economics from the University of New Hampshire. He is a Chartered Property Casualty Underwriter and an Associate in Risk Management. |
| Fleckenstein, Terrance | Terrance A. Fleckenstein is Chief Claims Officer of First Mercury Financial Corporation., since 2008. Prior to joining the Company, Mr. Fleckenstein served as the Senior Vice President of Claims for Great American Custom Insurance Services, Inc. from 2006 until 2008. From 2003 to 2006, Mr. Fleckenstein served as a regional claims manager for Farmers Group, Inc. and, from 1985 to 2003, served in various leadership positions for State Farm Insurance Companies with operational roles in claims, marketing, and underwriting. Mr. Fleckenstein has earned the CPCU, CLU and AIC designations. |
| Rademacher, Hollis | Mr. Hollis W. Rademacher has served as Director of First Mercury Financial Corporation., since 2004. Mr. Rademacher is currently self-employed in the fields of consulting and investments. Mr. Rademacher held various positions with Continental Bank, N.A., from 1957 to 1993, most recently serving as Chief Financial Officer of Continental Bank Corporation from 1988 to 1993. Mr. Rademacher serves as a director of Schawk, Inc. and Wintrust Financial Corporation. |
| Shapiro, Steven | Mr. Steven A. Shapiro has served as Director of First Mercury Financial Corporation., since 2004. Mr. Shapiro is a Vice President of SF Investments, Inc., a registered broker/dealer and investment advisor. Mr. Shapiro is also a manager of Millennium Group, LLC, which is the general partner in a series of investment limited partnerships. Mr. Shapiro serves as a director of Baldwin & Lyons, Inc. |
| Kearney, Thomas | Mr. Thomas B. Kearney has served as Director of First Mercury Financial Corporation., since November 2006. Mr. Kearney has been a partner and Chief Marketing Officer of Insight Catastrophe Group since June 2005. Prior to that position, he had been Executive Vice President and Chief Marketing Officer of Benfield U.S., a subsidiary of the Benfield Group from June 2000. |
| Manetti, Louis | Mr. Louis J. Manetti has served as Director of First Mercury Financial Corporation., since November 2006. Mr. Manetti is a Managing Director with Glencoe Capital, LLC (“Glencoe”) and has been with the firm since 2001. As Director of Portfolio Management, he is responsible for monitoring the performance of the operating companies in which Glencoe has an investment. Prior to joining Glencoe, Mr. Manetti had 20 years of experience in different aspects of business with Kodak, Bell & Howell Company and Price Waterhouse. Mr. Manetti received his JD from The John Marshall Law School, an MBA from Northwestern University, and is a Certified Public Accountant. |
| Tyler, William | Mr. William C. Tyler has served as Director of First Mercury Financial Corporation., since November 2006. Mr. Tyler was a Senior Vice President and stockholder of McKinley Inc., a national real estate company, from May 1971 to November 2004, where he was responsible for major transactions, refinancings and restructurings. |
| Boyer, George | Mr. George R. Boyer is the Director of First Mercury Financial Corporation since May 13, 2009. He recently retired from MGM Mirage where he served in various positions since 1995, including most recently as President and COO of MGM Grand Detroit. While at MGM Mirage, Mr. Boyer also served as President and COO of Primm Valley Resorts and as Senior Vice President for National Marketing. He joined MGM Mirage from Caesars World, where he served as director of financial planning and budgeting, director of administration and director of internal audit. Prior to working in the gaming industry, Mr. Boyer held various audit positions with the Philadelphia Stock Exchange and worked in the United States General Accounting Office. Mr. Boyer is a Certified Public Accountant and holds Masters in Business Administration and Bachelor of Science degrees from Wagner College in Staten Island, New York. |
| Pickard, Bradley | Mr. Bradley J. Pickard is the Director of First Mercury Financial Corporation since May 13, 2009. He has extensive experience in the investment banking and private equity industries. Mr. Pickard is currently a partner at Access Value Investors (“AVI”), a private equity fund focused on buying distressed, domestic, middle market companies across a variety of industries. Prior to joining AVI, Mr. Pickard was a partner at Blue Diamond Capital, an investment firm focused on investments in secured bank loans of distressed, asset intensive companies. Mr. Pickard has also served as a Managing Director at both Houlihan Lokey Howard & Zukin and at Wasserstein Perella & Co., where his practice focused on mergers and acquisitions of public and private industrial and consumer products companies. Mr. Pickard holds a Masters of Business Administration degree from the University of Chicago and a Bachelor of Arts degree from the University of Michigan. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
| Smith, Richard | 3,628,570 |
| Shaw, Jerome | 3,202,190 |
| Marazza, John | 1,246,500 |
| Wawok, Jeffrey | 596,600 |
| Camp, E. Edward | -- |
| Fleckenstein, Terrance | 253,499 |
| Rademacher, Hollis | -- |
| Shapiro, Steven | -- |
| Kearney, Thomas | -- |
| Manetti, Louis | -- |
| Tyler, William | -- |
| Boyer, George | -- |
| Pickard, Bradley | -- |
As Of 30 Dec 2008
Options Compensation
| Name | Options | Value |
|---|---|---|
| Smith, Richard | 289,577 | 3,077,890 |
| Shaw, Jerome | 203 | 0 |
| Marazza, John | 0 | 0 |
| Wawok, Jeffrey | 0 | 0 |
| Camp, E. Edward | 0 | 0 |
| Fleckenstein, Terrance | 0 | 0 |
| Rademacher, Hollis | 0 | 0 |
| Shapiro, Steven | 0 | 0 |
| Kearney, Thomas | 0 | 0 |
| Manetti, Louis | 0 | 0 |
| Tyler, William | 0 | 0 |
| Boyer, George | 0 | 0 |
| Pickard, Bradley | 0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
| SMITH RICHARD H | 11,250 | $13.85 |
| SMITH RICHARD H | 83,930 | $13.94 |
| SMITH RICHARD H | 20,900 | $13.94 |
| SMITH RICHARD H | 100 | $14.33 |
| SMITH RICHARD H | 800 | $14.26 |
| SMITH RICHARD H | 300 | $14.29 |
| SMITH RICHARD H | 1,100 | $14.30 |
| SMITH RICHARD H | 100 | $14.39 |
| SMITH RICHARD H | 2,816 | $14.26 |
| SMITH RICHARD H | 3,290 | $14.29 |
| SMITH RICHARD H | 100 | $14.32 |
| SMITH RICHARD H | 2,531 | $14.25 |
| SMITH RICHARD H | 1,002 | $14.28 |
| SMITH RICHARD H | 2,252 | $14.27 |
| SMITH RICHARD H | 300 | $14.30 |
| SMITH RICHARD H | 400 | $14.38 |
| SMITH RICHARD H | 300 | $14.26 |
| SMITH RICHARD H | 100 | $14.29 |
| SMITH RICHARD H | 600 | $14.31 |
| SHAW JEROME M | 604 | $14.50 |
| SMITH RICHARD H | 100 | $14.27 |
| SMITH RICHARD H | 400 | $14.30 |
| SHAW JEROME M | 16,996 | $14.52 |
| KEARNEY THOMAS | 2,463 | $0.00 |
| SHAW JEROME M | 2,463 | $0.00 |





