On July 16, 2012, the Board of Directors of First Acceptance Corp. appointed Joseph S. Borbely as President of the company and Mark A. Kelly resigned from his role as President. Mr. Kelly will continue as Chief Executive Officer of the company. Mr. Borbely (age 55) has served as the company's Senior Vice President of Sales and Marketing since July 2011 and has over thirty years of experience in the Financial Services Industry and Specialty Retail. Prior to joining the company, Mr. Borbely served as President of EZMONEY.