UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: August 6, 2014
(Date of earliest event reported)
UNIVERSAL HOSPITAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-20086
Delaware |
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41-0760940 |
(State or other jurisdiction of incorporation) |
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(IRS Employer Identification No.) |
6625 West 78th Street, Suite 300
Minneapolis, Minnesota 55439
(Address of principal executive offices, including zip code)
952-893-3200
(Registrants telephone number, including area code)
Not Applicable
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
(a) On August 6, 2014, Brian Simons was appointed to serve as Senior Vice President, Operations for the Company, effective August 18, 2014. As Senior Vice President, Operations, Mr. Simons will be responsible for all operations functions of the Company, including field and corporate operations for the Companys MES, CES and SS business segments, and will report to the Companys Chairman and CEO, Gary Blackford.
Prior to joining the Company, Mr. Simons was a Vice President with NCR Corporation, a provider of consumer transaction technologies. Before that, Mr. Simons held several supply chain leadership positions at Honeywell International, including his most recent position as Senior Director, Transportation, Logistics and Supply Chain Planning. There are no arrangements or understandings between Mr. Simons and any other persons pursuant to which Mr. Simons was selected as Senior Vice President, Operations. Mr. Simons does not have a direct or indirect material interest in any currently proposed transaction to which the Company is to be a party in which the amount involved exceeds $120,000, nor has Mr. Simons had a direct or indirect material interest in any such transaction since the beginning of the Companys last fiscal year. Mr. Simons is 41 years old.
The material terms of Mr. Simons compensation arrangement with the company include a base salary of $295,000 per year, an annual performance-based incentive award targeted at 60% of Mr. Simons base salary, and such health, life, disability and other benefits as are generally made available by the Company to its executive employees. In addition, the Company has recommended to the Companys compensation committee that Mr. Simons be awarded options to purchase stock of the Companys parent, UHS Holdco, Inc. at a level commensurate to the Companys other executive employees. The purchase price of such stock options will be equal to the stocks fair market value at the date of the grant, and the options will vest over a six-year period with one-sixth vesting on December 31 of each year of the six-year period, subject to Mr. Simons continuing employment with the Company.
(b) On August 6, 2014, Patrick Sinclairs title was changed to Executive Vice President, Sales & Marketing, to reflect the responsibilities he has assumed at the Company. As Executive Vice President, Sales & Marketing, Mr. Sinclair will be responsible for all sales and marketing functions for the Company, and will continue to report to the Companys Chairman and CEO, Gary Blackford. Mr. Sinclair previously held the position of President, UHS Surgical Services.
(c) On August 6, 2014, Timothy Kucks title was changed to Executive Vice President, Strategy and Business Development, to reflect the responsibilities he has assumed at the Company. As Executive Vice President, Strategy and Business Development, Mr. Kuck will be responsible for all business development functions for the Company, and will continue to report to the Companys Chairman and CEO, Gary Blackford. Mr. Kuck previously held the position of President, UHS Clinical Engineering Solutions, and had assumed responsibility for the Companys operations on an interim basis.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Universal Hospital Services, Inc. | |
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By: |
/s/ James B. Pekarek |
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James B. Pekarek |
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Executive Vice President and Chief Financial Officer |
Date: August 11, 2014