PHILIP A. GARCIA - Corporate Board Profile

AMERISAFE INC

Filing Date	Source Excerpt
2010-04-26	Philip A. Garcia, CPA, age 53, was appointed as a director of the Company effective January 1, 2010. He retired from the Erie Insurance Group in April, 2009, where he served as executive vice president and chief financial officer for the final 12 years of his 28-year career with that company. Mr. Garcia serves on the board of directors of Donegal Group, Inc., a property and casualty insurance holding company. He is licensed as a Certified Public Accountant in Pennsylvania. Mr. Garcia possesses a strong public property and casualty insurance company financial, accounting, and investment management background as evidenced by his prior service as chief financial officer of Erie Insurance Group. He brings to the Board substantial experience in the insurance industry, including a strategic understanding of property and casualty company operations, as well as an understanding of the current economic and other challenges facing this industry. He, along with Mr. Young, serves as one of the Audit Committee’s designated “financial experts.”
2011-04-27	Philip A. Garcia, C.P.A., age 54, was appointed as a director of the Company in January 2010. Mr. Garcia serves on the board of directors of Donegal Group, Inc., a property and casualty insurance holding company.
2012-04-27	Philip A. Garcia, C.P.A., age 55, was appointed as a director of the Company in January 2010. He retired from the Erie Insurance Group in April 2009, where he served as Executive Vice President and Chief Financial Officer for the final 12 years of his 28-year career with that company. ... He, together with Mr. Young, serves as our designated "audit committee financial expert." ... The Audit Committee currently consists of Mr. Young (Chair), Mr. Garcia, Mr. J. Morris and Mr. Roach. ... The Compensation Committee currently consists of Mr. Garcia (Chair), Mr. M. Morris, Mr. Phillips and Mr. Traynor. ... The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2011. Philip A. Garcia Fees Earned or Paid in Cash $50,000 Stock Awards $29,980 Total $79,980.
2013-04-29	Philip A. Garcia, C.P.A., age 56, has served as a director of the Company since 2010. He retired from the Erie Insurance Group where he served as Executive Vice President and Chief Financial Officer. He, together with Mr. Young, serves as our designated audit committee financial expert. The Compensation Committee currently consists of Mr. Garcia (Chair), Mr. J. Morris, and Mr. Traynor. The Audit Committee currently consists of Mr. Young (Chair), Mr. Garcia, and Mr. Roach. The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2012. Philip A. Garcia: Fees Earned or Paid in Cash $67,000 plus an additional $12,000 in Compensation Committee fees, Stock Awards $29,978, Total $96,978.
2014-04-24	Mr. Garcia was a director of Donegal Group Inc. from December 2009 to May 2011. He was previously a licensed Certified Public Accountant in Pennsylvania.
2015-04-29	Philip A. Garcia, age 58, has served as a director of the Company since 2010. He retired from the Erie Insurance Group in April 2009, where he served as Executive Vice President and Chief Financial Officer for the final 12 years of his 28-year career with that company. The Audit Committee currently consists of Mr. Young (Chair), Mr. Brown, Mr. Garcia and Mr. Roach. The Compensation Committee currently consists of Mr. Garcia (Chair), Mr. Brown, Mr. J. Morris and Mr. Roach.
2016-04-29	Philip A. Garcia, age 59, has served as a director of the Company since 2010. He retired from the Erie Insurance Group in April 2009, where he served as Executive Vice President and Chief Financial Officer for the final 12 years of his 28-year career with that company. Mr. Garcia was a director of Donegal Group Inc. from December 2009 to May 2011. He was previously a licensed Certified Public Accountant in Pennsylvania. Mr. Garcia possesses a strong background in financial, accounting and investment management with a publicly traded property and casualty insurance company, as evidenced by his prior service as Chief Financial Officer of Erie Insurance Group. His experience enables him to serve on the Audit Committee as an "audit committee financial expert." The Audit Committee currently consists of Mr. Garcia (Chair), Mr. Brown, Mr. J. Morris, Mr. Young and Ms. Fontenot. The Compensation Committee currently consists of Mr. Brown (Chair), Mr. Garcia, Mr. J. Morris and Mr. Roach. Philip A. Garcia total compensation for 2015 was $107,968.
2017-04-28	Philip A. Garcia, age 60, has served as a director of the Company since 2010. ... His experience enables him to serve on the Audit Committee as an “audit committee financial expert.” ... The Audit Committee currently consists of Mr. Garcia (Chair), Mr. Brown, Ms. Fontenot, Mr. J. Morris and Mr. Young. ... The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2016. ... Philip A. Garcia $70,841 Fees Earned or Paid in Cash, $44,957 Stock Awards, $115,798 Total.
2018-04-27	Philip A. Garcia, age 61, has served as a director of the Company since 2010. Mr. Garcia serves as Chair of the Audit Committee. ... Mr. Garcia possesses a strong background in financial, accounting and investment management ... enables him to serve on the Audit Committee as an "audit committee financial expert." ... The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2017. Philip A. Garcia Fees Earned or Paid in Cash $76,000 Stock Awards $49,972 Total $125,972.
2019-04-26	Philip A. Garcia, age 62, has served as a director since 2010. He serves as Chair of the Audit Committee and is a member of the Compensation Committee. Director compensation table shows Philip A. Garcia received $79,000 in fees and $49,997 in stock awards for a total of $128,997 in 2018.
2020-04-30	Philip A. Garcia, age 63, has served as a director of the Company since 2010. Mr. Garcia serves as Chair of the Audit Committee. He retired from the Erie Insurance Group in April 2009, where he served as Executive Vice President and Chief Financial Officer for the final 12 years of his 28-year career with that company. ... Mr. Garcia possesses a strong background in financial, accounting and investment management with a publicly traded property and casualty insurance company, as evidenced by his prior service as Chief Financial Officer of Erie Insurance Group. ... The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2019. ... Philip A. Garcia Fees Earned or Paid in Cash $79,000 Stock Awards $49,992 Total $128,992.
2021-04-30	PHILIP A. GARCIA Age 65, has served as a director of the Company since 2010 Mr. Garcia serves as Chair of the Audit Committee. The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2020. Philip A. Garcia Fees Earned or Paid in Cash: $77,000 Stock Awards: $49,978 Total: $126,978 Audit Committee currently consists of Mr. Garcia (Chair), Mr. Brown, Ms. Fontenot, and Mr. J. Morris.
2022-04-29	PHILIP A. GARCIA Age 65, has served as a director of the Company since 2010 Mr. Garcia serves as Chair of the Audit Committee. Mr. Garcia possesses a strong background in financial, accounting and investment management with a publicly traded property and casualty insurance company, as evidenced by his prior service as chief financial officer of Erie Insurance Group. The following table provides information regarding the compensation of our non-employee directors for the year ended December 31, 2021. Philip A. Garcia Fees Earned or Paid in Cash: $75,000 Stock Awards: $49,982 Total: $124,982
2023-04-28	PHILIP A. GARCIA Age 66, has served as a director of the Company since 2010. Mr. Garcia serves as Chair of the Audit Committee. 2022 Director Compensation: $149,998.
2024-04-26	Mr. Garcia serves as Chair of the Audit Committee. He retired from the Erie Insurance Group in April 2009, where he served as executive vice president and chief financial officer for the final 12 years of his 28-year career with that company. Mr. Garcia was a director of Donegal Group Inc. from December 2009 to May 2011. Mr. Garcia possesses a strong background in financial, accounting and investment management with a publicly traded property and casualty insurance company, as evidenced by his prior service as chief financial officer of Erie Insurance Group. He brings substantial experience in the insurance industry to the Board, including a strategic understanding of the operations of a property and casualty insurance company, as well as an understanding of the current economic and other challenges facing our industry. He is also an inactive certified public accountant. His experience enables him to serve on the Audit Committee as an “audit committee financial expert” as defined by SEC rules. Mr. Garcia earned his CERT Certificate through NACD by completing the Cyber-Risk Oversight Program in the fall of 2023. 2023 Director Compensation: $149,990.