U S PHYSICAL THERAPY INC /NV FILES (8-K) Disclosing Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 30, 2010, the Company announced that Harry Chapman has been appointed to the Company's Board of Directors expanding the number of Board members from 10 to 11. Mr. Chapman's initial term expires at the Company's 2011 Annual Meeting of Stockholders.
A copy of the press release is attached hereto as Exhibit 99.1.
Mr. Chapman is the Chairman and Chief Executive Officer of Chapman Schewe, Inc., a healthcare insurance and employee benefits consulting firm. Previously he served as a Corporate Senior Vice-President and Managed Care Officer of CIGNA's South Central Region, with responsibility for HMO and PPO plans in several states. Mr. Chapman's experience also includes having served as head of EQUICOR's Health Plan and sales operation in Houston and as a Regional Vice-President for Lincoln National Insurance Company's Central Region.
The Board appointed Mr. Chapman to its Compliance Committee. He was not elected pursuant to any arrangement or understanding between himself and any other person. Mr. Chapman has not had a direct or indirect material interest in any transaction to which the Company is a party.
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