Primary Corp. announced that Mr. Robert Pollock will be stepping down from his position as chief executive officer of the company effective June 27, 2012 and will not be standing for re-election as a director of the company at the annual and special meeting of shareholders to be held on June 27, 2012. Marret Asset Management Inc. has selected Mr. Barry Allan, currently a director of the company and the founding partner of Marret, to assume the role of president and chief executive officer of the company and Mr. Allan was appointed the president and chief executive officer of the company effective June 27, 2012. The company announced that the Brian V. Tobin, P.C., ICD.D, will be put forth as a management nominee to the board of directors of the company at the meeting. It is anticipated that Mr. Tobin will be appointed chairman of the board. In addition to Mr. Pollock, Messrs. John Campbell, David Duval and Barry Gordon, currently directors of the company will also not be seeking re-election at the meeting.
Mount Logan Capital Inc. is a Canada-based alternative asset management and insurance solutions company. The Company's segments include asset management and insurance. The Company is focused on public and private debt securities in the North American market and the reinsurance of annuity products primarily through its wholly owned subsidiaries, Mount Logan Management LLC, and Ability Insurance Company. The Company also sources, evaluates, underwrites, manages, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. The Company's insurance business is operated by Ability Insurance Company.
MOUNT LOGAN CAPITAL INC. 
