DiChiara's buyout likely to cost Phenix City more than $750,000 in lump sum - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 28, 2013 Newswires
Share
Share
Post
Email

DiChiara’s buyout likely to cost Phenix City more than $750,000 in lump sum

Chuck Williams, Columbus Ledger-Enquirer
By Chuck Williams, Columbus Ledger-Enquirer
McClatchy-Tribune Information Services

Nov. 28--A Tuesday night decision by the Phenix City Board of Education to buy out the contract of Superintendent Larry DiChiara could cost the school district more than $750,000 in a lump sum, according to terms of the deal confirmed by DiChiara and board attorney Sydney Smith.

DiChiara said Wednesday that the seven-member board will honor the terms of his contract. DiChiara makes about $160,000 annually, but that does not include benefits such as health and life insurance and a car allowance. He had four and a half years left on his contract.

"They will honor all of the terms of the contract," said DiChiara, who has been at the helm of the district for almost a decade. Board President Brad Baker, reached Wednesday afternoon, declined to discuss terms of the buyout, He referred all questions to Smith.

DiChiara's contract provides for a lump sum settlement, Smith said.

"The board is prepared to pay him a lump sum," she said late Wednesday.

Smith and DiChiara will work out the details and that figure will become public, Smith said.

"Dr. DiChiara needs to get his calculations, the board needs to get its calculations, then we can make sure everyone is in agreement," Smith said.

DiChiara said he has spent time since the board faxed its decision to news outlets trying to assure his friends and former colleagues he is OK.

"My concern rests with the teachers, administrators and people in this community who are very confused by this," DiChiara said. "They are the ones who are suffering right now."

The way it was handled led people to believe he was terminated, DiChiara said.

"I have been assuring people that nothing bad happened to me," he said. "An agreement was made. I have not been mistreated. I am fine."

Smith would not go into details about why the buyout took place.

"Dr. DiChiara has been an asset to this board and this school system in so many ways," Smith said. "We do not want to make any comment in light of his right to privacy."

DiChiara sent an email to the district's teachers and staff late Tuesday night.

"Allow me to start off by first apologizing to you for the sudden information you received tonight regarding the end of my tenure as superintendent of the Phenix City schools. I was beaten to the punch," he wrote in his email.

DiChiara thanked the teachers and staff for their hard work and dedication to the district and expressed his love for them.

"Our parents and community do no realize just how fortunate they are to have the dedicated and caring people nurturing their children," he concluded.

Smith said board members took this action seriously,

"This board is appointed by city council to represent the citizens," Smith said. "They have made a decision in the best interest of the school system."

DiChiara, 54, said he will pursue job opportunities in all aspects of education.

"I have had a lot of opportunities throughout my tenure," DiChiara said. "I have had job offers that I did not pursue because I had a job. I am sure there are some other opportunities that will present themselves."

Last year DiChiara applied for superintendent of the Muscogee County School District, but was not interviewed. Polk County's (Fla.) David Lewis was hired in July.

Before taking the superintendent job in Phenix City, DiChiara served as director of administrative services for the Lee County Board of Education, where he spent the majority of his career.

Prior to that he was a successful basketball coach at Loachapoka High School, where he won two Alabama state titles in the late 1980s.

Rodney S. Hinton will serve as the interim superintendent. The board is expected to begin its search for a new superintendent immediately.

___

(c)2013 the Columbus Ledger-Enquirer (Columbus, Ga.)

Visit the Columbus Ledger-Enquirer (Columbus, Ga.) at www.ledger-enquirer.com

Distributed by MCT Information Services

Wordcount:  649

Newer

Marcus Loren Matthews takes a chance with ‘Requiem’ — it should pay off

Advisor News

  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
  • Looking out for clients with diminished mental capacity
  • House panel advances CLEAR Forms Act backed by IRI
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • the-power-of-two-employee-benefits-formula-getting-harder-to-sustain
  • Colorado health insurance premiums expected to jump by 10% next year
  • Statement regarding Lassen County FY 2026-27 budget
  • Colorado faces double-digit hikes in insurance premiums
  • Warner calls for low-cost public health coverage
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Abacus Global Management Completes Landmark $400 Million Securitization
  • New Rules: This bill could help cannabis companies finally get insurance coverage
  • Time to revisit your clients’ life insurance coverage
  • Greg Lindberg files racketeering lawsuit against Causey, rehabilitation officials
  • State reverses one-third of health insurer decisions
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.