American Mortgage Acceptance (fka AMC)

[dragon man]

American Mortgage Acceptance names Donald Meyer CEO, director




NEW YORK (Thomson Financial) - American Mortgage Acceptance Co. Thursday
named Donald Meyer chief executive officer and director, effective July 1.
Meyer will replace current CEO J. Larry Duggins, who is retiring on June 30
to attend divinity school and launch non-profit foundations. Meyer will continue
to serve as executive managing director and chief investment officer at
Centerline Capital Group.
The company also said the board didn't declare a dividend on American
Mortgage's 7.25% series A cumulative convertible preferred shares and common
shares for the second quarter, in order to preserve capital.
The company's stock closed at 67 cents a share on Wednesday.
Christie Rizk