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EX-99.1 - EXHIBIT 99.1 - Option Care Health, Inc.v466059_ex99-1.htm

 

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 (Date of earliest event reported): May 4, 2017

 

BIOSCRIP, INC.

(Exact name of Registrant as specified in its charter)

 

Delaware   001-11993   05-0489664
(State of Incorporation)   (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

1600 Broadway, Suite 700, Denver, Colorado   80202
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (720) 697-5200

 

N/A

(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:

 

¨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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On May 4, 2017, BioScrip, Inc. (the “Company”) issued a press release reporting its 2017 first quarter financial results. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

The press release includes certain non-GAAP financial measures as described therein. As required by Regulation G, reconciliation between any non-GAAP financial measures presented and the most directly comparable GAAP financial measures is also provided.

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On May 2, 2017, the Company held its annual meeting of stockholders, at which the following matters were voted upon:

 

(1) The nominees for election to the Company’s Board of Directors were elected, each for a term expiring at the Company’s next annual meeting, based on the following votes:

 

Nominee  Votes For   Withheld   Broker Non-Votes 
Daniel E. Greenleaf   93,066,500    325,167    26,226,131 
Michael G. Bronfein   92,799,910    591,757    26,226,131 
David W. Golding   92,944,290    447,377    26,226,131 
Michael Goldstein   92,551,229    840,438    26,226,131 
Steven Neumann   92,966,213    425,454    26,226,131 
Tricia H. Nguyen   92,962,210    429,457    26,226,131 
R. Carter Pate   92,974,955    416,712    26,226,131 

 

(2) The proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017 was approved based on the following votes:

 

FOR   AGAINST   ABSTAIN  

BROKER

NON-VOTES

 
 118,806,834    705,757    105,207    0 

 

(3) The proposal relating to the approval of the Company’s Tax Asset Protection Plan was approved based on the following votes:

 

FOR   AGAINST   ABSTAIN  

BROKER

NON-VOTES

 
 86,866,701    6,467,694    57,272    26,226,131 

 

(4) The proposal relating to the advisory vote on executive compensation was approved based on the following votes:

 

FOR   AGAINST   ABSTAIN  

BROKER

NON-VOTES

 
 92,242,985    796,760    351,922    26,226,131 

 

(5) The proposal relating to the advisory vote on the frequency of future advisory votes on the Company’s executive compensation was voted on as follows:

 

ONE YEAR   Two Years   Three Years   ABSTAIN  

BROKER

NON-VOTES

 
 88,034,769    307,154    4,747,481    302,263    26,226,131 

 

 

 

 

In light of these voting results, the Company plans to hold future advisory votes approving executive compensation annually until the next required vote on the frequency of such advisory votes, or until the Board of Directors of the Company otherwise determines that a different frequency is in the best interests of the Company and its stockholders.

 

Item 8.01. Other Events.

 

As previously announced, the Company will host a conference call to discuss its 2017 first quarter financial results on May 4, 2017, at 9:00 a.m. Eastern Time. Interested parties may participate in the conference call by dialing 888-372-9592 (U.S.) or by accessing a link on the Company’s website at www.bioscrip.com 5-10 minutes prior to the start of the call. A replay of the conference call will be available for two weeks after the call’s completion by dialing 855-859-2056 (U.S.) and entering conference call ID number 8579499. An audio webcast and archive will also be available for 30 days under the “Investor Relations” section of the Company’s website.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

See the Exhibit Index, which is hereby incorporated by reference.

 

As provided in General Instruction B.2 to Form 8-K, the information furnished in Item 2.02 and in Exhibit 99.1 hereto, as it relates to the Company’s financial results for the quarter ended March 31, 2017, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed incorporated by reference into any filing of the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly provided by specific reference in such filing.

 

 

 

 

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.

 

  BIOSCRIP, INC.
   
Date: May 4, 2017   /s/ Kathryn Stalmack
  By: Kathryn Stalmack
    Senior Vice President, General Counsel and Secretary

 

 

 

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release issued by the Company, dated May 4, 2017