Unico American (UNAM) Confirms Medical Leave of Absence for Executive VP

Unico American Corporation (NASDAQ: UNAM) announced today that on May 15, 2017, its Executive Vice President and Director, Lester A. Aaron, tendered a medical leave of absence. The expected duration of that absence is currently unknown. In his absence, Mr. Aaron’s current responsibilities as Executive Vice President will be handled by Cary L. Cheldin, the Company’s Chairman, President and CEO. Mr. Aaron continues to be a shareholder, and he continues to serve as a member of the Company’s Board of Directors.

Mr. Aaron has worked for the Company for almost 40 years. On August 1, 2016, he was appointed to the position of Executive Vice President by the Company’s Board of Directors from his previous role as Treasurer, Chief Financial Officer and Secretary. Mr. Cheldin said, “We all wish Les a speedy recovery and hope that he returns soon.”

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