Date
of Report (Date of Earliest Event Reported)
|
October
6, 2010
|
AmTrust Financial Services,
Inc.
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
001-33143
|
04-3106389
|
(State
or other jurisdiction
|
(Commission
|
IRS
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
59 Maiden Lane, 6th Floor, New York, New York
|
10038
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(212)
220-7120
|
(Former
name or former address, if changed since last
report.)
|
¨
|
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
240.133-4 (c))
|
Item 5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
|
·
|
initial
annual base salary in the amount of $975,000 (Mr. Zyskind’s current salary
in effect since January 1, 2010);
|
|
·
|
$75
million threshold profit the Company must achieve before Mr. Zyskind is
entitled to an annual profit bonus;
|
|
·
|
annual
profit bonus is subject to a cap equal to three times Mr. Zyskind’s
salary; and
|
|
·
|
technical
amendments required by Section 409A of the Internal Revenue
Code.
|
Exhibit No.
|
Description
|
|
10.1
|
Amendment
to Employment Agreement, dated October 6, 2010, by and between the Company
and Barry D.
Zyskind.
|
AmTrust Financial Services,
Inc.
|
|||||
(Registrant)
|
|||||
Date
|
October
7, 2010
|
||||
/s/ Stephen Ungar
|
|||||
Stephen
Ungar
|
|||||
General
Counsel and Secretary
|