PRESIDENTIAL LIFE CORP FILES (8-K/A) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On November 16, 2011, the Board of Directors of Presidential Life Corporation appointed Jay Matalon as Vice President and Chief Accounting Officer of the Company.

The terms of Mr. Matalon's employment are set forth in an accepted Offer Letter dated August 11, 2011.

The above descriptions are qualified in their entirety by reference to the terms of the employment agreement attached as Exhibit 10.3.

ITEM 9.01. Financial Statements and Exhibits

  (d) Exhibits   Exhibit Number  Description  10.3 

Accepted Offer Letter dated August 11, 2011 from Presidential Life Insurance Company to Jay Matalon.

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