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<TITLE>FIRST ACCEPTANCE CORPORATION - FORM S-8</TITLE>
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<P align="center" style="font-size: 10pt">As Filed With the Securities and Exchange Commission<BR>
on December&nbsp;22, 2004



<P align="right" style="font-size: 10pt"><B>Registration No. _______________</B>



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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<DIV align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


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<P align="center" style="font-size: 24pt"><B>FIRST ACCEPTANCE CORPORATION</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
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    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75-1328153</B></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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<P align="center" style="font-size: 10pt"><B>3813 Green Hills Village Drive<BR>
Nashville, Tennessee 37215</B><BR>
(Address of Principal Executive Offices)



<P align="center" style="font-size: 10pt"><B>FIRST ACCEPTANCE CORPORATION<BR>
EMPLOYEE STOCK PURCHASE PLAN</B><BR>
(Full title of the plan)



<P align="center" style="font-size: 10pt"><B>Charles D. Hamilton<BR>
Treasurer and Chief Financial Officer<BR>
First Acceptance Corporation<BR>
3813 Green Hills Village Drive<BR>
Nashville, Tennessee 37215<BR>
(615)&nbsp;844-2800</B><BR>
(Name, Address, and Telephone Number of Registrant&#146;s Agent for Service)



<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


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    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Title of Each Class</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Of Securities To Be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount To Be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price Per</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount Of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Registered(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registered(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Share(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration Fee</B><HR size="1" noshade></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock, $0.01
par value</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">100,000 shares</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">8.75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">875,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
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<TR valign="top">
    <TD width="1%" nowrap align="right"><SUP>(1)</SUP></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">In addition, pursuant to Rule 416(a) under the Securities Act of 1933, this
Registration Statement also covers any additional shares of Common Stock that become issuable under
the plan by reason of any stock dividend, stock split, recapitalization or other similar
transaction effected without receipt of consideration that increases the number of outstanding
shares of the Registrant&#146;s Common Stock.
</TR>



<TR valign="top">
    <TD width="1%" nowrap align="right"><SUP>(2)</SUP></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(c) and (h)(1) based on the average of the high and low sales prices of the
Registrant&#146;s Common Stock as reported on the New York Stock Exchange on December&nbsp;21, 2004, which
was $8.75 per share.</TD>
</TR>

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<P align="center" style="font-size: 10pt">&nbsp;
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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92496exv5w1.txt">EX-5.1 OPINION OF BASS, BERRY & SIMS PLC</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92496exv10w1.txt">EX-10.1 EMPLOYEE STOCK PURCHASE PLAN</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92496exv23w1.txt">EX-23.1 CONSENT OF KPMG LLP</A></TD></TR>
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<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>Information Required in the Section&nbsp;10(a) Prospectus</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Acceptance Corporation (the &#147;Registrant&#148;) will send or give documents containing the
information specified by Part&nbsp;I of this Form S-8 Registration Statement (the &#147;Registration
Statement&#148;) to participants in the plan to which this Registration Statement relates, as specified
in Rule&nbsp;428(b)(1) promulgated by the Securities and Exchange Commission (the &#147;SEC&#148;) under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;). The Registrant is not filing such
documents with the SEC, but these documents constitute (along with the documents incorporated by
reference into the Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II hereof) a prospectus that
meets the requirements of Section 10(a) of the Securities Act.

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<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>Information Required in the Registration Statement</B>



<P align="left" style="font-size: 10pt">Item&nbsp;3. Incorporation of Documents by Reference.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Registrant with the SEC are hereby incorporated by
reference and shall be deemed to be a part hereof:

<P align="left" style="font-size: 10pt">(1)&nbsp;The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 2004;


<P align="left" style="font-size: 10pt">(2)&nbsp;The Registrant&#146;s Quarterly Report on Form 10-Q for the fiscal quarter ended September&nbsp;30,
2004;


<P align="left" style="font-size: 10pt">(3)&nbsp;The Registrant&#146;s Current Report on Form 8-K, dated November&nbsp;3, 2004;


<P align="left" style="font-size: 10pt">(4)&nbsp;The Registrant&#146;s Current Report on Form 8-K dated November&nbsp;11, 2004;


<P align="left" style="font-size: 10pt">(5)&nbsp;The Registrant&#146;s Current Report on Form 8-K dated November&nbsp;12, 2004;


<P align="left" style="font-size: 10pt">(6)&nbsp;The Registrant&#146;s Current Report on Form 8-K dated November&nbsp;29, 2004; and


<P align="left" style="font-size: 10pt">(7)&nbsp;The description of the Registrant&#146;s Common Stock, par value $0.01 per share, contained in the
Registrant&#146;s Registration Statement on<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 8-B, filed with the SEC on September&nbsp;5, 1996.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Registrant pursuant to Section&nbsp;13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), after the date hereof and prior
to the filing of a post-effective amendment to this Registration Statement which indicates that all
securities offered hereby have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. Any statements contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or replaced for purposes hereof to
the extent that a statement contained herein (or in any other subsequently filed document which
also is incorporated or deemed to be incorporated by reference herein) modifies or replaces such
statement. Any statement so modified or replaced shall not be deemed, except as so modified or
replaced, to constitute a part hereof.


<P align="left" style="font-size: 10pt">Item&nbsp;4. Description of Securities.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="left" style="font-size: 10pt">Item&nbsp;5. Interests of Named Experts and Counsel.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">II-1
</DIV>

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<P align="left" style="font-size: 10pt">Item&nbsp;6. Indemnification of Directors and Officers.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(a) of the Delaware General Corporation Law provides that a corporation may
indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, which are collectively referred to herein as a proceeding (other than an action by
or in the right of the corporation), by reason of the fact that he or she is or was a director,
officer, employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation or enterprise, against
expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by him or her in connection with such action, suit or proceeding, if such
person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to any criminal action or proceeding, had
no reasonable cause to believe his or her conduct was unlawful. Section 145(b) of the Delaware
General Corporation Law provides that a corporation may indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or completed action or suit by or in
the right of the corporation to procure a judgment in its favor by reason of the fact that such
person acted in any of the capacities set forth above, against such expenses actually and
reasonably incurred by him or her in connection with the defense or settlement of such action or
suit if he or she acted under similar standards, except that no indemnification may be made in
respect of any claim, issue or matter as to which such person shall have been adjudged to be liable
to the corporation unless and only to the extent that the Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnification for such expenses which the court shall deem proper. Further, Section
145(c) of the Delaware General Corporation Law provides that, to the extent a director or officer
of a corporation has been successful on the merits or otherwise in the defense of any action, suit
or proceeding referred to above or in the defense of any claim, issue or matter therein, he or she
shall be indemnified against expenses (including attorneys&#146; fees) actually and reasonably incurred
by him or her in connection therewith.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;IX of the Registrant&#146;s Restated Certificate of Incorporation provides that the
Registrant shall indemnify any person who was, is, or is threatened to be made a party to a
proceeding (as defined) by reason of the fact that he or she (i)&nbsp;is or was a director or officer of
the Registrant or (ii)&nbsp;while a director or officer of the Registrant, is or was serving at the
request of the Registrant as a director, officer, partner, venturer, proprietor, trustee, employee,
agent, or similar functionary of another foreign or domestic corporation, partnership, joint
venture, sole proprietorship, trust, employee benefit plan, or other enterprise, to the fullest
extent permitted under the Delaware General Corporation Law, as the same exists or may hereafter be
amended. Article&nbsp;IX further provides that such right to indemnification right shall include the
right to be paid by the Registrant reasonable expenses incurred in defending any such proceeding in
advance of its final disposition to the maximum extent permitted under the Delaware General
Corporation Law, as the same exists or may hereafter be amended. Article&nbsp;IX also clarifies that
the rights conferred by it are nonexclusive and authorizes the Registrant to indemnify any employee
or agent to the fullest extent permitted by law.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(f) of the Delaware General Corporation Law provides that the statutory provisions
on indemnification are not exclusive of indemnification provided pursuant to, among other things,
the bylaws or indemnification agreements. The Registrant has entered into indemnification
agreements with each of its directors and its executive officers pursuant to which we have agreed
to indemnify the director or executive officer to the fullest extent permitted by law, and to
advance expenses, if the director or executive officer becomes a party to, or witness or other
participant in, any threatened, pending or completed action, suit or proceeding by reason of any
occurrence related to the fact that such person is or was a director, officer, agent or fiduciary
of the Registrant or a subsidiary of the Registrant, or another entity at the Registrant&#146;s request,
unless a reviewing party (either outside counsel or a committee of the Board of Directors)
determines that the person would not be entitled to indemnification under applicable law.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in
its certificate of incorporation that a director of the corporation shall not be personally liable
to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a
director, but excludes specifically liability for any (i)&nbsp;breach of the director&#146;s duty of loyalty
to the corporation or its stockholders, (ii)&nbsp;acts or omissions not in good faith or involving
intentional misconduct or a knowing violation of law, (iii)&nbsp;payments of unlawful dividends or


<P align="center" style="font-size: 10pt">II-2
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">unlawful stock repurchases or redemptions, or (iv)&nbsp;transactions from which the director derived an
improper personal benefit. The provision does not limit equitable remedies, such as an injunction
or rescission for breach of a director&#146;s fiduciary duty of care. Article&nbsp;X of the Registrant&#146;s
Restated Certificate of Incorporation provides that, to the fullest extent permitted by the
Delaware General Corporation Law, as the same exists or may hereafter be amended, a director of the
Registrant shall not be personally liable to the Registrant or its stockholders for monetary
damages for breach of fiduciary duty as a director, except for liability (i)&nbsp;for any breach of the
director&#146;s duty of loyalty to the Registrant or its stockholders, (ii)&nbsp;for acts or omissions not in
good faith or which involve intentional misconduct or knowing violation of law, (iii)&nbsp;for payments
of unlawful dividends or unlawful stock repurchases or redemptions, or (iv)&nbsp;for any transaction
from which the director derived an improper personal benefit.



<P align="left" style="font-size: 10pt">Item&nbsp;7. Exemption from Registration Claimed.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.


<P align="left" style="font-size: 10pt">Item&nbsp;8. Exhibits.


<DIV align="center">
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    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of First Acceptance Corporation
(previously filed as Exhibit&nbsp;3.1 of the Registrant&#146;s Current Report on Form&nbsp;8-K dated
May&nbsp;3, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of First Acceptance Corporation (previously filed
as Exhibit&nbsp;3.2 to the Registrant&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended
June&nbsp;30, 2004, filed with the SEC on September&nbsp;28, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Bass, Berry &#038; Sims PLC.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Acceptance Corporation Employee Stock Purchase Plan.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Bass, Berry &#038; Sims PLC (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on Page II-4).</TD>
</TR>

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<P align="center" style="font-size: 10pt">II-3
</DIV>

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<P align="left" style="font-size: 10pt">Item&nbsp;9. Undertakings.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;The Registrant hereby undertakes:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of this
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in this Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering
price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration
statement; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in this Registration Statement or any material change to such information in
this Registration Statement;

<P align="left" style="font-size: 10pt"><I>provided, however</I>, that clauses (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or
Section 15(d) of the Exchange Act that are incorporated by reference into this Registration
Statement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The Registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of
the Exchange Act (and where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.


<P align="center" style="font-size: 10pt">II-4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Nashville, State of Tennessee, on this 22nd day of December&nbsp;2004.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FIRST ACCEPTANCE CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Stephen J. Harrison
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Stephen J. Harrison&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>KNOW ALL MEN BY THESE PRESENTS, </B>each person whose signature appears below hereby constitutes
and appoints Stephen J. Harrison and Charles D. Hamilton, and each of them, his or her true and
lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or
her and in his or her name, place, and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) to this Registration Statement, and to file the
same, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite and necessary, as fully to
all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated below.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top">/s/ Stephen J. Harrison
<HR size="1" noshade>
Stephen J. Harrison</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President, Chief
Executive Officer, and
Director  (Principal
Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Charles D. Hamilton
<HR size="1" noshade>
Charles D. Hamilton</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Treasurer and Chief
Financial Officer
(Principal Financial
Officer and Principal
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Gerald J. Ford
<HR size="1" noshade>
Gerald J. Ford</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board
of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Thomas M. Harrison, Jr.
<HR size="1" noshade>
Thomas M. Harrison, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Executive Vice President,
Secretary, and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Gene H. Bishop</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Rhodes R. Bobbitt
<HR size="1" noshade>
Rhodes R. Bobbitt</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Harvey B. Cash
<HR size="1" noshade>
Harvey B. Cash</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Donald J. Edwards
<HR size="1" noshade>
Donald J. Edwards</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Lyndon L. Olson
<HR size="1" noshade>
Lyndon L. Olson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ William A. Shipp, Jr.
<HR size="1" noshade>
William A. Shipp, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">December 22, 2004</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit 4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of First Acceptance
Corporation (previously filed as Exhibit&nbsp;3.1 of the
Registrant&#146;s Current Report on Form&nbsp;8-K dated May&nbsp;3, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit 4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of First Acceptance Corporation
(previously filed as Exhibit&nbsp;3.2 to the Registrant&#146;s Annual
Report on Form&nbsp;10-K for the fiscal year ended June&nbsp;30, 2004,
filed with the SEC on September&nbsp;28, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit 5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Bass, Berry &#038; Sims PLC.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Acceptance Corporation Employee Stock Purchase Plan.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Bass, Berry &#038; Sims PLC (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on page II-4).</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">II-7
</DIV>


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FIRST ACCEPTANCE CORPORATION - FORM S-8
Table of Contents
As Filed With the Securities and Exchange Commission
on December 22, 2004
Registration No. _______________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
FIRST ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
75-1328153
(State or other jurisdiction of
(I.R.S. Employer Identification No.)
incorporation or organization)
3813 Green Hills Village Drive
Nashville, Tennessee 37215
(Address of Principal Executive Offices)
FIRST ACCEPTANCE CORPORATION
EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
Charles D. Hamilton
Treasurer and Chief Financial Officer
First Acceptance Corporation
3813 Green Hills Village Drive
Nashville, Tennessee 37215
(615) 844-2800
(Name, Address, and Telephone Number of Registrant's Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of Each Class
Proposed Maximum
Proposed Maximum
Of Securities To Be
Amount To Be
Offering Price Per
Aggregate Offering
Amount Of
Registered(1)
Registered(1)
Share(2)
Price(2)
Registration Fee
Common Stock, $0.01
par value
100,000 shares
$
8.75
$
875,000
$
103
(1)
In addition, pursuant to Rule 416(a) under the Securities Act of 1933, this
Registration Statement also covers any additional shares of Common Stock that become issuable under
the plan by reason of any stock dividend, stock split, recapitalization or other similar
transaction effected without receipt of consideration that increases the number of outstanding
shares of the Registrant's Common Stock.
(2)
Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(c) and (h)(1) based on the average of the high and low sales prices of the
Registrant's Common Stock as reported on the New York Stock Exchange on December 21, 2004, which
was $8.75 per share.
TABLE OF CONTENTS
PART I
PART II
SIGNATURES
EXHIBIT INDEX
EX-5.1 OPINION OF BASS, BERRY & SIMS PLC
EX-10.1 EMPLOYEE STOCK PURCHASE PLAN
EX-23.1 CONSENT OF KPMG LLP
Table of Contents
PART I
Information Required in the Section 10(a) Prospectus
First Acceptance Corporation (the "Registrant") will send or give documents containing the
information specified by Part I of this Form S-8 Registration Statement (the "Registration
Statement") to participants in the plan to which this Registration Statement relates, as specified
in Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the "SEC") under the
Securities Act of 1933, as amended (the "Securities Act"). The Registrant is not filing such
documents with the SEC, but these documents constitute (along with the documents incorporated by
reference into the Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that
meets the requirements of Section 10(a) of the Securities Act.
PART II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference.
The following documents filed by the Registrant with the SEC are hereby incorporated by
reference and shall be deemed to be a part hereof:
(1) The Registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 2004;
(2) The Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30,
2004;
(3) The Registrant's Current Report on Form 8-K, dated November 3, 2004;
(4) The Registrant's Current Report on Form 8-K dated November 11, 2004;
(5) The Registrant's Current Report on Form 8-K dated November 12, 2004;
(6) The Registrant's Current Report on Form 8-K dated November 29, 2004; and
(7) The description of the Registrant's Common Stock, par value $0.01 per share, contained in the
Registrant's Registration Statement on
Form 8-B, filed with the SEC on September 5, 1996.
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), after the date hereof and prior
to the filing of a post-effective amendment to this Registration Statement which indicates that all
securities offered hereby have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. Any statements contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or replaced for purposes hereof to
the extent that a statement contained herein (or in any other subsequently filed document which
also is incorporated or deemed to be incorporated by reference herein) modifies or replaces such
statement. Any statement so modified or replaced shall not be deemed, except as so modified or
replaced, to constitute a part hereof.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
II-1
Table of Contents
Item 6. Indemnification of Directors and Officers.
Section 145(a) of the Delaware General Corporation Law provides that a corporation may
indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, which are collectively referred to herein as a proceeding (other than an action by
or in the right of the corporation), by reason of the fact that he or she is or was a director,
officer, employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation or enterprise, against
expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by him or her in connection with such action, suit or proceeding, if such
person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to any criminal action or proceeding, had
no reasonable cause to believe his or her conduct was unlawful. Section 145(b) of the Delaware
General Corporation Law provides that a corporation may indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending or completed action or suit by or in
the right of the corporation to procure a judgment in its favor by reason of the fact that such
person acted in any of the capacities set forth above, against such expenses actually and
reasonably incurred by him or her in connection with the defense or settlement of such action or
suit if he or she acted under similar standards, except that no indemnification may be made in
respect of any claim, issue or matter as to which such person shall have been adjudged to be liable
to the corporation unless and only to the extent that the Court of Chancery or the court in which
such action or suit was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnification for such expenses which the court shall deem proper. Further, Section
145(c) of the Delaware General Corporation Law provides that, to the extent a director or officer
of a corporation has been successful on the merits or otherwise in the defense of any action, suit
or proceeding referred to above or in the defense of any claim, issue or matter therein, he or she
shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred
by him or her in connection therewith.
Article IX of the Registrant's Restated Certificate of Incorporation provides that the
Registrant shall indemnify any person who was, is, or is threatened to be made a party to a
proceeding (as defined) by reason of the fact that he or she (i) is or was a director or officer of
the Registrant or (ii) while a director or officer of the Registrant, is or was serving at the
request of the Registrant as a director, officer, partner, venturer, proprietor, trustee, employee,
agent, or similar functionary of another foreign or domestic corporation, partnership, joint
venture, sole proprietorship, trust, employee benefit plan, or other enterprise, to the fullest
extent permitted under the Delaware General Corporation Law, as the same exists or may hereafter be
amended. Article IX further provides that such right to indemnification right shall include the
right to be paid by the Registrant reasonable expenses incurred in defending any such proceeding in
advance of its final disposition to the maximum extent permitted under the Delaware General
Corporation Law, as the same exists or may hereafter be amended. Article IX also clarifies that
the rights conferred by it are nonexclusive and authorizes the Registrant to indemnify any employee
or agent to the fullest extent permitted by law.
Section 145(f) of the Delaware General Corporation Law provides that the statutory provisions
on indemnification are not exclusive of indemnification provided pursuant to, among other things,
the bylaws or indemnification agreements. The Registrant has entered into indemnification
agreements with each of its directors and its executive officers pursuant to which we have agreed
to indemnify the director or executive officer to the fullest extent permitted by law, and to
advance expenses, if the director or executive officer becomes a party to, or witness or other
participant in, any threatened, pending or completed action, suit or proceeding by reason of any
occurrence related to the fact that such person is or was a director, officer, agent or fiduciary
of the Registrant or a subsidiary of the Registrant, or another entity at the Registrant's request,
unless a reviewing party (either outside counsel or a committee of the Board of Directors)
determines that the person would not be entitled to indemnification under applicable law.
Section 102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in
its certificate of incorporation that a director of the corporation shall not be personally liable
to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a
director, but excludes specifically liability for any (i) breach of the director's duty of loyalty
to the corporation or its stockholders, (ii) acts or omissions not in good faith or involving
intentional misconduct or a knowing violation of law, (iii) payments of unlawful dividends or
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unlawful stock repurchases or redemptions, or (iv) transactions from which the director derived an
improper personal benefit. The provision does not limit equitable remedies, such as an injunction
or rescission for breach of a director's fiduciary duty of care. Article X of the Registrant's
Restated Certificate of Incorporation provides that, to the fullest extent permitted by the
Delaware General Corporation Law, as the same exists or may hereafter be amended, a director of the
Registrant shall not be personally liable to the Registrant or its stockholders for monetary
damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the
director's duty of loyalty to the Registrant or its stockholders, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or knowing violation of law, (iii) for payments
of unlawful dividends or unlawful stock repurchases or redemptions, or (iv) for any transaction
from which the director derived an improper personal benefit.
Item 7. Exemption from Registration Claimed.
None.
Item 8. Exhibits.
4.1
Restated Certificate of Incorporation of First Acceptance Corporation
(previously filed as Exhibit 3.1 of the Registrant's Current Report on Form 8-K dated
May 3, 2004).
4.2
Amended and Restated Bylaws of First Acceptance Corporation (previously filed
as Exhibit 3.2 to the Registrant's Annual Report on Form 10-K for the fiscal year ended
June 30, 2004, filed with the SEC on September 28, 2004).
5.1
Opinion of Bass, Berry & Sims PLC.
10.1
First Acceptance Corporation Employee Stock Purchase Plan.
23.1
Consent of KPMG LLP.
23.2
Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1).
24.1
Power of Attorney (included on Page II-4).
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Item 9. Undertakings.
A. The Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this
Registration Statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in this Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the effective registration
statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in this Registration Statement or any material change to such information in
this Registration Statement;
provided, however
, that clauses (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference into this Registration
Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
B. The Registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of
the Exchange Act (and where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this
Registration Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
C. Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Nashville, State of Tennessee, on this 22nd day of December 2004.
FIRST ACCEPTANCE CORPORATION
By:
/s/ Stephen J. Harrison
Stephen J. Harrison
President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS,
each person whose signature appears below hereby constitutes
and appoints Stephen J. Harrison and Charles D. Hamilton, and each of them, his or her true and
lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or
her and in his or her name, place, and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments) to this Registration Statement, and to file the
same, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite and necessary, as fully to
all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated below.
Signature
Title
Date
/s/ Stephen J. Harrison
Stephen J. Harrison
President, Chief
Executive Officer, and
Director  (Principal
Executive Officer)
December 22, 2004
/s/ Charles D. Hamilton
Charles D. Hamilton
Treasurer and Chief
Financial Officer
(Principal Financial
Officer and Principal
Accounting Officer)
December 22, 2004
/s/ Gerald J. Ford
Gerald J. Ford
Chairman of the Board
of Directors
December 22, 2004
/s/ Thomas M. Harrison, Jr.
Thomas M. Harrison, Jr.
Executive Vice President,
Secretary, and Director
December 22, 2004
Gene H. Bishop
Director
/s/ Rhodes R. Bobbitt
Rhodes R. Bobbitt
Director
December 22, 2004
/s/ Harvey B. Cash
Harvey B. Cash
Director
December 22, 2004
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Signature
Title
Date
/s/ Donald J. Edwards
Donald J. Edwards
Director
December 22, 2004
/s/ Lyndon L. Olson
Lyndon L. Olson
Director
December 22, 2004
/s/ William A. Shipp, Jr.
William A. Shipp, Jr.
Director
December 22, 2004
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EXHIBIT INDEX
Exhibit 4.1
Restated Certificate of Incorporation of First Acceptance
Corporation (previously filed as Exhibit 3.1 of the
Registrant's Current Report on Form 8-K dated May 3, 2004).
Exhibit 4.2
Amended and Restated Bylaws of First Acceptance Corporation
(previously filed as Exhibit 3.2 to the Registrant's Annual
Report on Form 10-K for the fiscal year ended June 30, 2004,
filed with the SEC on September 28, 2004).
Exhibit 5.1
Opinion of Bass, Berry & Sims PLC.
Exhibit 10.1
First Acceptance Corporation Employee Stock Purchase Plan.
Exhibit 23.1
Consent of KPMG LLP.
Exhibit 23.2
Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1).
Exhibit 24.1
Power of Attorney (included on page II-4).
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