UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | August 22, 2006 |
National Atlantic Holdings Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
| New Jersey | 000-51127 | 223316586 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 4 Paragon Way, Freehold, New Jersey | 07728 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 732-665-1100 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On August 22, 2006, our Board of Directors approved annual compensation figures for its senior management team. The new annual salaries, effective August 28, 2006, are as follows:
James V. Gorman, Chairman of the Board of Directors and Chief Executive Officer of NAHC and subsidiary Proformance, will receive annual compensation of $338,905, increased from $324,000. Cynthia L. Codella, Secretary and Executive Vice President of NAHC and Proformance, will receive annual compensation of $282,420, increased from $270,000. Frank J. Prudente, Executive Vice President, Treasurer and Chief Accounting Officer, will receive annual compensation of $282,420, increased from $270,000. John E. Scanlan, Executive Vice President and Chief Underwriting Officer of NAHC and Proformance, will receive annual compensation of $270,000, increased from $243,160. Peter A. Cappello, Jr., Director of NAHC and Chief Financial Officer of Proformance, will receive annual compensation of $230,120, increased from $220,000. Bruce C. Bassman, Senior Vice President and Chief Actuarial Officer of NAHC, will receive annual compensation of $250,000, increased from $220,000.
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.
| National Atlantic Holdings Corporation | ||||
| August 28, 2006 | By: | /s/ Frank J. Prudente | ||
| Name: Frank J. Prudente | ||||
| Title: Executive Vice President, Treasurer and Chief Accounting Officer | ||||
