OMNICARE INC FILES (8-K) Disclosing Change in Directors or Principal Officers
Edgar Online, Inc.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On July 5, 2013, Omnicare, Inc. (the "Company") announced that its Board of Directors (the "Board") elected James G. Carlson to serve as a director of the Company effective July 1, 2013. In connection with Mr. Carlson's election, the Board voted to increase the size of the Board to ten directors. Mr. Carlson has not yet been named to any committees of the Board.
Mr. Carlson served as Chief Executive Officer of Amerigroup Corporation, a Fortune 500 multi-state managed healthcare company ("Amerigroup") from 2007 through 2012 and as Chairman of the Board from 2008 to 2012. Prior to that, Mr. Carlson served as Amerigroup's President and Chief Operating Officer from 2003 to 2007. Earlier in his career, Mr. Carlson was an Executive Vice President of UnitedHealth Group. Mr. Carlson was also the founder of HealthSpring, a physician group practice management company that later became part of United Healthcare, and a co-founder of Workscape, Inc., a software company offering internet applications to help employees understand and manage their health benefits, which was later acquired by Automatic Data Processing, Inc. (ADP). Mr. Carlson brings to the Board more than 30 years of experience in the health insurance industry, including expertise in managed care Medicaid populations. Moreover, his experience as the chief executive officer and chairman of the board of a Fortune 500 health care company brings to the Board valuable perspectives on compliance, strategic planning, business matters, and managing large healthcare corporations.
Mr. Carlson will receive compensation in accordance with the Company's standard compensation arrangements for non-employee directors, which are described in the Company's Definitive Proxy Statement on Schedule 14A for the 2013 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on April 19, 2013.
A copy of the press release issued by the Company with respect to the election of Mr. Carlson is attached hereto as Exhibit 99.1 as is incorporated herein by reference.