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): October 1, 2015
The Providence Service Corporation
(Exact name of registrant as specified in its charter)
|
Delaware |
|
001-34221 |
|
86-0845127 |
|
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
|
64 East Broadway Blvd., Tucson, Arizona |
|
85701 |
|
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (520) 747-6600
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:
|
☐ |
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)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Financial Officer
On October 1, 2015, The Providence Service Corporation, or Providence, announced that the Board of Directors of Providence has appointed David Shackelton as Senior Vice President and Chief Financial Officer.
Mr. Shackelton, age 30, has served as Chief Financial Officer on an interim basis since August 6, 2015, and as Vice President, Head of Corporate Development, from February 17, 2014 through August 5, 2015. Prior to joining Providence, he served as a private equity investment professional at Mill Road Capital in 2013 and at The Blackstone Group from 2008 to 2011. Mr. Shackelton has a B.A. in Economics from Yale University and a M.B.A. from Stanford Graduate School of Business. In connection with his appointment as Chief Financial Officer, Mr. Shackelton’s base salary was increased to $450,000 per year.
Mr. Shackelton is the brother of Chris Shackelton, the Chairman of the Board of Providence. David Shackelton has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On October 1, 2015, Providence issued a press release announcing the appointment of Mr. Shackelton as described herein, which is set forth in Exhibit 99.1 hereto and incorporated by reference herein.
Item 9.01
(d) Exhibits
|
99.1 |
Press release, dated October 1, 2015 |
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.
|
|
|
THE PROVIDENCE SERVICE CORPORATION |
| |
|
|
|
Date: October 1, 2015 |
|
By: |
|
/s/ Michael-Bryant Hicks |
| |
|
Name: |
|
Michael-Bryant Hicks |
| |
|
Title: |
|
Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer |
Exhibit 99.1
|
AT THE COMPANY |
AT CAMERON ASSOCIATES |
|
David Shackelton – Chief Financial Officer |
Alison Ziegler 212/554-5469 |
|
520/747-6600 |
|
FOR IMMEDIATE RELEASE
Providence Service Corporation Appoints David Shackelton
as Chief Financial Officer
TUCSON, ARIZONA – October 1, 2015 -- The Providence Service Corporation (Nasdaq: PRSC) today announced that it has named David Shackelton as the Company’s new Chief Financial Officer, effective immediately. Mr. Shackelton has served as Interim Chief Financial Officer since August 2015 and succeeds James M. Lindstrom in this position.
David Shackelton, age 30, joined Providence in February 2014 as Head of Corporate Development and was subsequently appointed Interim Chief Financial Officer. In addition to sourcing and leading due diligence on acquisitions, he has supported capital market activities, integration planning and execution, strategy development, and financial planning and analysis. Prior to joining Providence, he was a private equity investment professional at Mill Road Capital and The Blackstone Group. Mr. Shackelton has a BA in Economics from Yale University and a MBA from Stanford Graduate School of Business.
“David’s contributions as Head of Corporate Development since 2014, his commitment to Providence’s core values and his exemplary leadership make him a model chief financial officer,” commented James Lindstrom, Providence’s Chief Executive Officer. “In addition, his acquisition experience and partnerships with our vertical leadership teams will enable him to have even more of an impact on creating value for our clients, associates and shareholders.”
About The Providence Service Corporation
The Providence Service Corporation, and our approximately 14,000 employees, provides and manages multiple healthcare and social services, comprised of non-emergency transportation services, human services, workforce development services, and health assessment services in the United States and abroad. For more information, please visit provcorp.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “demonstrate,” “expect,” “estimate,” “forecast,” “anticipate,” “should” and “likely” and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, our continuing relationship with government entities and our ability to procure business from them, our ability to manage growing and changing operations, the implementation of the healthcare reform law, state budget changes and legislation and other risks detailed in Providence’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and subsequent filings. Providence is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.
###
64 E. Broadway Blvd. • Tucson, Arizona 85701 •Tel 520/747-6600 •Fax 520/747-6605 •www.provcorp.com
Providence Service (NASDAQ:PRSC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Providence Service (NASDAQ:PRSC)
Historical Stock Chart
From Apr 2023 to Apr 2024
