Item
5.02
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Departure
of Directors or Certain Officers Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Resourcing Solutions Group, Inc - Recent Material EventEffective
October 1, 2007, the Board of Directors of the Registrant appointed Paul Halter
as Executive Vice-President.
Mr.
Halter has twenty-five years in the
property and casualty insurance industry. He has held significant leadership
roles in general management, sales and marketing, and
underwriting. He most recently was president and chief operating
officer of Guarantee Insurance Company, a workers’ compensation insurer in its
early stages of development. Before this, he was president and chief
executive officer of Commerce Casualty Group, Inc., an insurance holding company
he co-founded. After leaving college, Mr. Halter formed and operated
his own independent insurance agency which he later sold, to serve as area
sales
manager for the Personal Client Services Division of Marsh & McLennan,
Inc. While at Crum & Forster Personal Insurance Company, Mr.
Halter was sales manager of the year while personally setting a direct sales
record. He also directed the small commercial and personal lines
businesses countrywide for Johnson & Higgins. He has been
published several times in Best’s Review
and American Agent
&
Broker. Mr.
Halter taught classes
at The Chicago School of Insurance and was on the national faculty of Certified
Insurance Counselors for Agency Management. He is a graduate of the
College of Charleston and holds a number of insurance designations including
Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor
(CIC), and Certified Risk Manager (CRM).
Mr.
Halter has entered into an Employment Agreement with the Registrant for an
initial
term of five (5) years with provision for automatic renewal for succeeding
terms
of three (3) years, unless terminated on 90 days notice. Mr. Halter’s initial
annual compensation will be $200,000 with certain bonus and profit-sharing
incentive provisions.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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