People: Hallmark Financial Services Inc (HALL.W)

Summary

Name	Age	Since	Current Position
Mark Schwarz	52	2006	Executive Chairman of the Board
Mark Morrison	52	2006	President, Chief Executive Officer
Kevin Kasitz	49	2006	Chief Operating Officer, EVP - Commercial Lines, President of AHIS Operating Unit
Jeffrey Passmore	44	2003	Senior Vice President, Chief Accounting Officer
Scott Berlin	42	2001	Independent Director
James Graves	64	1995	Independent Director
Jim Henderson	65	2009	Independent Director

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Biographies

Name	Description
Mark Schwarz	Mr. Mark E. Schwarz is Executive Chairman of the Board of Hallmark Financial Services, Inc. since August 6, 2006. He served as Chief Executive Officer of the Company from January, 2003 until August, 2006, and as President from November, 2003 through March, 2006. Since 1993, Mr. Schwarz has, through Newcastle Capital Management, L.P. and Newcastle Capital Group, L.L.C., controlled the general partner of Newcastle Partners, L.P., a private investment firm. Mr. Schwarz presently serves as Chairman of the boards of directors of Pizza Inn, Inc., an operator and franchisor of pizza restaurants; Bell Industries, Inc., a company primarily engaged in providing computer systems integration services; and Wilhelmina International, Inc., a model management and talent representation company. Mr. Schwarz is also presently a director of SL Industries, Inc., a developer of power systems used in a variety of aerospace, computer, datacom, industrial, medical, telecom, transportation and utility equipment applications. Within the past five years, Mr. Schwarz has also served as a director of MedQuist, Inc., a provider of clinical documentation workflow solutions in support of electronic health records; Nashua Corporation, a manufacturer of specialty papers, labels and printing supplies; Vesta Insurance Group, Inc., a property and casualty insurance holding company; and WebFinancial Corporation, a banking and specialty finance company.
Mark Morrison	Mr. Mark J. Morrison is President, Chief Executive Officer of the Hallmark Financial Services, Inc. He was named President of the Company in April, 2006 and became Chief Executive Officer in August, 2006. He joined the Company in March, 2004, as Executive Vice President and Chief Financial Officer and was appointed to the additional position of Chief Operating Officer in April, 2005. Mr. Morrison has been employed in the property and casualty insurance industry since 1993. Prior to joining the Company, he had since 2001 served as President of Associates Insurance Group, a subsidiary of The Travelers Companies, Inc. From 1996 through 2000, he served as Senior Vice President and Chief Financial Officer of Associates Insurance Group, the insurance division of Associates First Capital Corporation. From 1995 to 1996, Mr. Morrison served as Vice President and Controller of American Eagle Insurance Group, and from 1993 to 1995 was Director of Corporate Accounting for Republic Insurance Group. From 1991 to 1993, he served as Director of Strategic Planning and Analysis at Anthem, Inc. Mr. Morrison began his career as a public accountant with Ernst & Young, LLP from 1982 to 1991, where he completed his tenure as a Senior Manager.
Kevin Kasitz	Mr. Kevin T. Kasitz is Chief Operating Officer, Executive Vice President - Commercial Lines, President of AHIS Operating Unit of Hallmark Financial Services, Inc. He was named an Executive Vice President of the Company effective April, 2006, and became Chief Operating Officer in December, 2006. He has also served as the President of the Standard Commercial business unit, a functional division of the Company handling standard lines commercial insurance, since April, 2003. Prior to joining the Company, Mr. Kasitz had since 1991 been employed by Benfield Blanch Inc., a reinsurance intermediary, where he served as a Senior Vice President in the Program Services division (2000 to 2003) and Alternative Distribution division (1999 to 2000), a Vice President in the Alternative Distribution division (1994 to 1999) and a Manager in the Wholesale Insurance Services division (1991 to 1994). From 1989 to 1991, he was a personal lines underwriter for Continental Insurance Company and from 1986 to 1989 was an internal auditor for National County Mutual Insurance Company, a regional non-standard automobile insurer.
Jeffrey Passmore	Mr. Jeffrey R. Passmore is Senior Vice President, Chief Accounting Officer of Hallmark Financial Services Inc. He previously served as Vice President of Business Development for the Company. Prior to joining the Company in November, 2002, Mr. Passmore had since 2000 served as Vice President and Controller of Benfield Blanch, Inc. and its predecessor E.W. Blanch Holdings, Inc., a reinsurance intermediary. From 1998 to 1999, he served E.W. Blanch Holdings, Inc. as Assistant Vice President of Financial Reporting. From 1994 to 1998, he was a senior financial analyst with TIG Holdings, Inc., a property/casualty insurance holding company. Mr. Passmore began his career as an accountant for Gulf Insurance Group from 1990 to 1993. Mr. Passmore is a certified public accountant licensed in Texas.
Scott Berlin	Mr. Scott T. Berlin is Independent Director of Hallmark Financial Services, Inc. He is a Managing Director and principal of Brown, Gibbons, Lang & Company, an investment banking firm serving middle market companies. His professional activities are focused on the corporate finance and mergers/acquisitions practice. Prior to joining Brown, Gibbons, Lang & Company in 1997, Mr. Berlin was a lending officer in the Middle Market Group at The Northern Company.
James Graves	Mr. James H. Graves is Independent Director of Hallmark Financial Services, Inc. He has served as Managing Director and Partner of Erwin, Graves & Associates, LP, a management consulting firm, since 2002. He also served as an Executive Vice President of Financial Strategy for DeviceFidelity Inc., a financial services technology company, from 2008 through 2011. Mr. Graves was a director, Vice Chairman and Chief Operating Officer of Detwiler, Mitchell & Co., a securities research firm, from 2002 until 2006. Prior to 2002, he served as a senior executive in Dean Witter Reynolds Investment Banking Division and as the Chief Operating Officer of J.C. Bradford & Company. Mr. Graves also presently serves as a director of DeviceFidelity, Inc.; Cash America International, Inc., a company operating pawn shops and jewelry stores; and BankCap Partners, LP, a private equity fund which he co-founded in 2006.
Jim Henderson	Mr. Jim W. Henderson is Independent Director of Hallmark Financial Services Inc., since 2009. He became Chairman and Chief Executive Officer of AssuredPartners, Inc., a middle market insurance brokerage firm, in March, 2011. Mr. Henderson was previously employed by Brown & Brown, Inc., a diversified insurance agency and wholesale broker, as Vice Chairman and Chief Operating Officer since 2008, as President and Chief Operating Officer from 2002 to 2008, as Executive Vice President from 1995 to 2002, as Senior Vice President from 1993 to 1995, as Senior Vice President of a predecessor corporation from 1989 to 1993, and as Chief Financial Officer of such predecessor from 1985 to 1989. He also served as a director of Brown & Brown from 1993 to 2011. Previously, Mr. Henderson had served as Senior Vice President, Chief Financial Officer and Treasurer of Ormond Reinsurance Group from 1975 to 1985. Mr. Henderson is currently a director of Overland Solutions, Inc., an insurance services outsourcing firm.

Basic Compensation

Name	Fiscal Year Total
Mark Schwarz	225,059
Mark Morrison	401,718
Kevin Kasitz	272,604
Jeffrey Passmore	194,765
Scott Berlin	--
James Graves	--
Jim Henderson	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Mark Schwarz	166,667	217,907
Mark Morrison	33,334	87,600
Kevin Kasitz	50,000	109,100
Jeffrey Passmore	14,167	35,325
Scott Berlin	0	0
James Graves	0	0
Jim Henderson	0	0

Insider Trading

Name	Shares Traded	Price
DETROIT STOKER CO	1,348	$7.17
DETROIT STOKER CO	6,798	$7.10
DETROIT STOKER CO	5,427	$7.04
DETROIT STOKER CO	20,200	$7.08
DETROIT STOKER CO	3,500	$7.14
DETROIT STOKER CO	1,600	$7.15
DETROIT STOKER CO	3,833	$7.18
DETROIT STOKER CO	5,000	$7.14
SCHWARZ MARK EDWARD	37,280	$0.00
NEWCASTLE SPECIAL OPPORTUNITY FUND I L P	7,439	$0.00
NEWCASTLE SPECIAL OPPORTUNITY FUND I L P	507,439	$0.00
NEWCASTLE SPECIAL OPPORTUNITY FUND II L P	500,000	$0.00
NEWCASTLE CAPITAL MANAGEMENT L P	43,223	$0.00
NEWCASTLE PARTNERS L P	63,745	$0.00
NEWCASTLE CAPITAL MANAGEMENT L P	91,153	$0.00
NEWCASTLE SPECIAL OPPORTUNITY FUND I L P	1,143,965	$0.00
NEWCASTLE PARTNERS L P	127,610	$0.00
NEWCASTLE SPECIAL OPPORTUNITY FUND II L P	1,130,865	$0.00
SCHWARZ MARK EDWARD	2,000	$7.26
SCHWARZ MARK EDWARD	4,200	$6.94
SCHWARZ MARK EDWARD	1,000	$6.92
SCHWARZ MARK EDWARD	2,000	$6.77
SCHWARZ MARK EDWARD	2,000	$6.75
SCHWARZ MARK EDWARD	677	$6.69
SCHWARZ MARK EDWARD	323	$6.55

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People: Hallmark Financial Services Inc (HALL.W)

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Summary

Biographies

Basic Compensation

Options Compensation

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