Dustin Mitchell News Release :: PRE PAID LEGAL SERVICES INC (PPD) CEO and President Harland Stonecipher Resigned

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 17, 2010 --

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 3, 2010 ----------------------------- Pre-Paid Legal Services, Inc. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Oklahoma 001-09293 73-1016728 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) One Pre-Paid Way Ada, OK 74820 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (580) 436-1234 ----------------------------- -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): --- |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; ----------------------------------------------------------------------------- Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. ------------------------------------------------------------------------------- On March 2, 2010, Harland C. Stonecipher, our Chairman of the Board, Chief Executive Officer and President, announced effective April 2, 2010 his resignation as our Chief Executive Officer and President. Mr. Stonecipher will continue to serve as Chairman of our Board of Directors and will remain an Executive Officer. On March 2, 2010, our Board of Directors unanimously decided the title and responsibilities of Chief Executive Officer will be shared equally by two co-CEOs - Randy Harp, 54, our current Chief Operating Officer, and Mark Brown, 56, our current Chief Marketing Officer. The Board also named Mr. Harp as our President. Mr. Harp was named Chief Financial Officer in March 1990 and served in that capacity until May 2000 and has served as Chief Operating Officer since March 1996. Mr. Harp served on the Board of Directors from March 1990 until May 2004 when he resigned from the Board of Directors as part of a corporate governance initiative required by the rules of the NYSE.

dustin mitchell     Harland Stonecipher     pre-paid legal services