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): April 26, 2004
FINANCIAL INDUSTRIES CORPORATION
(Exact name of Registrant as specified in charter)
Texas 0-4690 74-2126975
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
6500 River Place Blvd., Building One
Austin, Texas 78730
(Address of principal executive offices)
Registrant's telephone number, including area code: (512) 404-5000
______________________________
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Item 5 - Other Events and Regulation FD Disclosure.
Vincent L. Kasch has assumed the position of Chief Financial Officer of
Financial Industries Corporation ("FIC"). Mr. Kasch, who joined FIC in March
2004, succeeds George M. Wise, who had served as Chief Financial Officer since
December 2002. Mr. Wise (who had previously agreed to continue as CFO until the
completion of the Form 10-K filing) and the Company mutually agreed to release
Mr. Wise from his commitment, in order to enable Mr. Wise to devote his time to
his role as president of Actuarial Risk Consultants, Inc., an actuarial
consulting firm that he purchased from FIC in December 2003.
As a result of this change, the executive officers of FIC are as follows:
J. Bruce Boisture - President and Chief Executive Officer
Mr. Boisture has been President and Chief Executive Officer of FIC since
January 7, 2004, and a director of FIC since August 2003. He also serves on
the Executive Committee of the Board. From June 2001 until his election as
President and CEO of FIC, Mr. Boisture served as CEO of EDsmart, Inc.,
which provides data warehouse and analysis services to school districts.
Since 1992, he also has served as president of Trinity Capital Alliance,
Inc., an investment banking company he founded in 1992 that specializes in
leveraged buy-outs, start-up investments, and turnarounds. From May 1999
until April 2001, Mr. Boisture was the president and chief executive
officer of Paradigm4, Inc., a wireless data service provider. Paradigm4
filed a voluntary bankruptcy petition in April 2001. From 1986 until 1991
he was a partner and chief operating officer of Rosecliff Inc./Acadia
Partners, L.P., an investment fund. Mr. Boisture has a B.A.degree from
Princeton University, a B. Phil. degree from Oxford University, and a law
degree from Yale Law School.
Charles B. Cooper - Chief Operating Officer
Mr. Cooper has been Chief Operating Officer of FIC since February 2004. He
served as a consultant to FIC from November 2003 to February 2004. Mr.
Cooper has over 33 years of management experience in the life insurance
industry. From July 2002 to February 2004, he operated a consulting
business, providing consulting services to insurance companies. From
February 2000 to July 2002, he served as President and CEO of American
Amicable Group. He was President and Chief Operating Officer of American
Income Life from 1975 to 1999. Mr. Cooper has also served as a management
consultant to several insurance companies. His consulting practice has
involved a wide range of operational matters, including product analysis,
systems conversions, and operations audit. Mr. Cooper received a B.A. in
Economics from the University of Washington and a J.D. from University of
Washington School of Law.
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Vincent L. Kasch - Chief Financial Officer
Mr. Kasch joined FIC in March 2004. Previously, he was Senior Vice
President-Financial Services for Texas Mutual Insurance Company from
February 2002 to March 2004. From January 1991 to January 2002, he was
associated with National Western Life Insurance Company, where he served as
Vice President-Controller and Assistant Treasurer from August 1992 to
January 2002. From August 1985 to January 1991, he served in various
capacities with KPMG Peat Marwick, where he held the position of Audit
Manager at the time that he left to join National Western Life. Mr. Kasch
received a B.B.A. in Accounting from Texas A&M University. He is a
Certified Public Accountant.
Theodore A. Fleron - General Counsel
Mr. Fleron has been Vice President, General Counsel of FIC since 1996,
Secretary of FIC since December 2002, and was a director from 1996 to
August 2003. He is a director of the life insurance subsidiaries of FIC and
serves as Senior Vice President, General Counsel, and Secretary of those
companies. Mr. Fleron has been associated with FIC since December 1989 and
has been involved in all aspects of FIC's legal matters, including
corporate and federal securities, insurance regulation, and litigation.
Previously, he was associated with CIGNA Corporation and its predecessor,
INA Corporation, from 1974 to 1989, where he served as Senior Counsel in
the Law Department. Mr. Fleron received a B.A. degree in Economics from
Brown University and an L.L.B. from University of Pennsylvania Law School.
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.
FINANCIAL INDUSTRIES CORPORATION
Date: May 4, 2004 By: ___/s/_J. Bruce Boisture____________
President and Chief Executive Officer
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