American Caresource Holdings, Inc. - Current report filing (8-K)
May 01 2008 - 10:03AM
Edgar (US Regulatory)
United
States
Securities
and Exchange Commission
Washington,
DC 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)
April 28,
2008
AMERICAN
CARESOURCE HOLDINGS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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001-33094
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20-0428568
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(State or Other
Jurisdiction of Incorporation)
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(Commission File
Number)
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(IRS
Employer Identification No.)
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5429 Lyndon B.
Johnson Freeway, Suite 700, Dallas,
Texas
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75240
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(Address of
Principal Executive
Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(972)
308-6830
(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 (see General Instruction A.2.)
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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ITEM
5.02
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Departure
of Directors or Certain Officers; Election of Directors;
Appointment
of Certain Officers; Compensatory Arrangement of Certain
Officers.
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(b) Steven
M. Phillips resigned as Controller and Principal Accounting Officer of American
CareSource Holdings, Inc. (the “Registrant”), effective May 1,
2008.
(c) On
April 28, 2008, the Registrant announced the appointment of Matthew D. Thompson,
age 36, as Controller and Principal Accounting Officer, effective
immediately. From September 2007 to April 2008, Mr. Thompson
served as the Director of Financial Reporting at Highland Financial Partners,
L.P., an affiliate of Highland Capital Management L.P., a Dallas, Texas-based
investment firm, where he was responsible for external and internal financial
reporting. Prior to his service with Highland Financial Partners,
L.P., from 1998 to 2007, Mr. Thompson was employed in various positions at Tyler
Technologies, Inc., a publicly traded provider of integrated, end-to-end
information management solutions and services to local
governments. In his most recent position at Tyler Technologies, Inc.
as Division Controller of its Courts & Justice and Appraisal & Tax
Divisions, Mr. Thompson was responsible for all accounting and financial aspects
of the division. Mr. Thompson earned a Bachelors of Business
Administration from Baylor University and is a Certified Public
Accountant.
Mr. Thompson will receive an annual
base salary of $130,000. He will participate in the Registrant’s 2008
Management Bonus Program, under which he is eligible for a target bonus equal to
20% of his 2008 base salary, based on attainment of corporate financial
performance objectives and agreed upon personal objectives. In
addition, the board of directors of the Registrant will grant Mr. Thompson an
option to purchase 50,000 shares of common stock of the
Registrant. The stock options will be exercisable at a price per
share equal to the closing price of the Registrant’s common stock on the date of
the grant and will vest in four equal, annual installments, beginning on the
first anniversary of the grant date.
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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AMERICAN
CARESOURCE HOLDINGS, INC.
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Date:
May 1, 2008
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By:
/s/ Steven J. Armond
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Steven J.
Armond
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Chief
Financial Officer
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