R1 RCM Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$RCM
Other Consumer Services
Consumer Discretionary
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 22, 2024
____________
R1 RCM Inc.
(Exact Name of Registrant as Specified in Charter)
____________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||
Registrant’s telephone number, including area code: (312 ) 324-7820
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 22, 2024, R1 RCM Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved the adoption of the R1 RCM Inc. Fifth Amended and Restated 2010 Stock Incentive Plan (the “Fifth A&R Plan”), which amends and restates the R1 RCM Inc. Fourth Amended and Restated 2010 Stock Incentive Plan (the “Fourth A&R Plan”). The Fifth A&R Plan authorizes the issuance of an additional 9,300,000 shares of the Company’s common stock pursuant to stock options, awards of restricted stock, restricted stock units, performance awards, stock appreciation rights and other stock-based awards. The material terms of the Fifth A&R Plan are summarized on pages 9 through 16 of the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 12, 2024, the description of which is incorporated herein by reference.
The description of the Fifth A&R Plan is qualified in its entirety by reference to the full text of the Fifth A&R Plan, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
At the Annual Meeting, there were present, in person or by proxy, 399,831,493 shares of the Company’s common stock representing at least a majority of the Company’s common stock issued, outstanding, and entitled to vote thereat, constituting a quorum for all matters presented at the Annual Meeting. At the Annual Meeting, the Company’s stockholders voted on the following proposals, with the following results:
1. The following nominees were elected to the Company’s board of directors for terms ending at the 2025 annual meeting of stockholders:
| For | Withheld | Broker Non-Votes | |||||||||
| Bradford Kyle Armbrester | 304,985,488 | 83,197,558 | 11,648,447 | ||||||||
| Clay Ashdown | 380,750,669 | 7,432,377 | 11,648,447 | ||||||||
| Agnes Bundy Scanlan | 385,990,656 | 2,192,390 | 11,648,447 | ||||||||
| Jeremy Delinsky | 380,899,391 | 7,283,655 | 11,648,447 | ||||||||
| David M. Dill | 380,690,669 | 7,492,377 | 11,648,447 | ||||||||
| Michael C. Feiner | 369,078,946 | 19,104,100 | 11,648,447 | ||||||||
| Joseph Flanagan | 304,862,821 | 83,320,225 | 11,648,447 | ||||||||
| John B. Henneman III | 371,951,672 | 16,231,374 | 11,648,447 | ||||||||
| Matthew Holt | 310,534,023 | 77,649,023 | 11,648,447 | ||||||||
| Neal Moszkowski | 301,827,786 | 86,355,260 | 11,648,447 | ||||||||
| Dominic Nakis | 373,401,598 | 14,781,448 | 11,648,447 | ||||||||
| Lee Rivas | 386,374,478 | 1,808,568 | 11,648,447 | ||||||||
| Ian Sacks | 367,059,840 | 21,123,206 | 11,648,447 | ||||||||
| Jill Smith | 375,330,427 | 12,852,619 | 11,648,447 | ||||||||
| Anthony J. Speranzo | 378,795,203 | 9,387,843 | 11,648,447 | ||||||||
| Anthony R. Tersigni | 379,404,921 | 8,778,125 | 11,648,447 | ||||||||
| Erik G. Wexler | 380,747,352 | 7,435,694 | 11,648,447 | ||||||||
2. The Company’s stockholders approved the Fifth A&R Plan, including to increase the number of shares authorized for issuance under the Fourth A&R Plan by 9,300,000 shares:
| For: | 381,593,869 | ||||
| Against: | 6,480,114 | ||||
| Abstain: | 109,063 | ||||
| Broker Non-Votes: | 11,648,447 | ||||
3. The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers:
| For: | 369,033,231 | ||||
| Against: | 19,033,625 | ||||
| Abstain: | 116,190 | ||||
| Broker Non-Votes: | 11,648,447 | ||||
4. The Company’s stockholders ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024:
| For: | 369,043,103 | ||||
| Against: | 3,642,716 | ||||
| Abstain: | 145,674 | ||||
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibit Number | Description | ||||||
| 104 | Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document | |||||||
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.
| R1 RCM INC. | |||||||||||
| Date: May 22, 2024 | |||||||||||
By: /s/ Jennifer Williams | |||||||||||
| Name: Jennifer Williams | |||||||||||
| Title: Chief Financial Officer | |||||||||||