Option Care Health Announces Board and Officer Changes
Ticker: OPCH · Form: 8-K · Filed: May 17, 2024 · CIK: 1014739
Sentiment: neutral
Topics: governance, officer-changes, board-of-directors
TL;DR
Board shakeup at Option Care Health, new directors elected, officer appointments made.
AI Summary
Option Care Health, Inc. announced on May 15, 2024, a change in its board of directors, with the election of new directors and the appointment of certain officers. The company also reported on matters submitted to a vote of its security holders. This filing details changes in corporate governance and executive compensation arrangements.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Changes in board composition and officer appointments can indicate internal shifts that may affect the company's direction and performance.
Key Players & Entities
- Option Care Health, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- May 15, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and the departure of certain officers, but specific names of newly elected directors or departing officers are not detailed in this summary section.
Were there any changes in executive officer positions?
Yes, the filing mentions the appointment of certain officers, alongside changes related to directors.
What other significant corporate actions were reported?
The company also reported on the submission of matters to a vote of security holders.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements, as well as matters submitted to a vote of security holders.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on May 15, 2024.
Filing Stats: 759 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-05-17 16:01:58
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share OPCH Nasdaq Global
Filing Documents
- bios-20240515.htm (8-K) — 52KB
- bios-20240515_g1.jpg (GRAPHIC) — 15KB
- 0001014739-24-000025.txt ( ) — 204KB
- bios-20240515.xsd (EX-101.SCH) — 2KB
- bios-20240515_lab.xml (EX-101.LAB) — 22KB
- bios-20240515_pre.xml (EX-101.PRE) — 13KB
- bios-20240515_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the stockholders (1) elected all of the Company's nominees for director, (2) ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024, (3) approved the Company's executive compensation on a non-binding advisory basis, and (4) approved the Amended 2018 Plan . The final voting results on each of the matters submitted to a vote are as follows: 1. Election of twelve directors for a term expiring at the next annual meeting of stockholders of the Company and until their successors are elected and qualified: Name For Withheld Broker Non-Votes John J. Arlotta 153,917,427 2,534,148 6,492,483 Elizabeth Q. Betten 154,884,670 1,566,905 6,492,483 Elizabeth D. Bierbower 154,888,911 1,562,664 6,492,483 Barbara W. Bodem 154,475,730 1,975,845 6,492,483 Eric K. Brandt 129,277,993 27,173,582 6,492,483 Natasha Deckmann, M.D. 153,651,384 2,800,191 6,492,483 David W. Golding 154,057,864 2,393,711 6,492,483 Harry M. Jansen Kraemer, Jr. 149,115,935 7,335,640 6,492,483 R. Carter Pate 154,765,628 1,685,947 6,492,483 John C. Rademacher 154,888,280 1,563,295 6,492,483 Timothy P. Sullivan 153,812,504 2,639,071 6,492,483 Norman L. Wright 154,430,115 2,021,460 6,492,483 2. Ratification of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024: For Against Abstain Broker Non-Votes 161,119,571 1,054,114 770,373 N/A 3. Non-binding advisory approval of executive officer compensation: For Against Abstain Broker Non-Votes 78,736,895 76,928,686 785,994 6,492,483 4. Approval of the Amended and Restated 2018 Equity Incentive Plan: For Against Abstain Broker Non-Votes 153,166,557 2,502,016 783,002 6,492,483
SIGNATURES
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. Option Care Health, Inc. Date: May 17, 2024 By: /s/ Michael Shapiro Michael Shapiro Chief Financial Officer