Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) March 24, 2009

THE FIRST AMERICAN CORPORATION

(Exact Name of the Registrant as Specified in Charter)

 

California   001-13585   95-1068610

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

1 First American Way, Santa Ana, California   92707-5913
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code (714) 250-3000

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 24, 2009, The First American Corporation (the “Company”) announced that John Peace has been appointed to its Board of Directors. Mr. Peace is the Chairman of Experian plc (“Experian”), which indirectly owns 20% of the membership interests of the Company’s subsidiary, First American Real Estate Solutions LLC. In addition to this relationship as joint venture partners, certain affiliates of the Company and Experian compete on a limited basis with each other, primarily in the credit reporting business. The Company’s credit information segment also purchases products and services, primarily credit reports, from Experian’s affiliates. A copy of the press release announcing the appointment is attached hereto as Exhibit 99.1.

In addition, on March 24, 2009, the Company’s Compensation Committee changed the 2009 target bonus amount for Max O. Valdes, chief accounting officer, from $425,000 to $500,000.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.

   

Description

99.1    Press Release.

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.

 

    THE FIRST AMERICAN CORPORATION
Date: March 27, 2009     By:   /s/ Kenneth D. DeGiorgio
      Name:   Kenneth D. DeGiorgio
      Title:   Senior Vice President, General Counsel