Regional Health Properties Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As noted below under Item 5.07 of this Current Report on Form 8-K, at the 2023 Annual Meeting of Shareholders (the “Annual Meeting”) of Regional Health Properties, Inc. (the “Company”) held on November 16, 2023, the Company’s shareholders approved the Regional Health Properties, Inc. 2023 Omnibus Incentive Compensation Plan (the “2023 Plan”). The 2023 Plan authorizes the Compensation Committee of the Board of Directors (the “Board”) of the Company to grant awards to non-employee directors, employees (including executive officers) and consultants, as more fully described and summarized in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 4, 2023 (the “Proxy Statement”). The 2023 Plan, which was included as Appendix A to the Proxy Statement, is incorporated herein by reference. Copies of the Form of Non-Qualified Stock Option Agreement, the Form of Incentive Stock Option Agreement, the Form of Restricted Stock Agreement and the Form of Restricted Stock Unit Agreement are attached hereto as Exhibit 10.2, Exhibit 10.3, Exhibit 10.4 and Exhibit 10.5, respectively, and are incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On November 16, 2023, the Company held its Annual Meeting at 1050 Crown Pointe Parkway, Atlanta, Georgia 30338 at 10:00 a.m. Following is a summary of the proposals that were submitted to the holders of the Company’s common stock, no par value, for approval at the Annual Meeting and a tabulation of the votes with respect to each proposal. Each proposal is further described in the Company’s Proxy Statement.
Proposal 1. To elect the four director nominees named in the Proxy Statement.
The shareholders elected the following four individuals to the Board to serve until the Company’s 2024 Annual Meeting of Shareholders and until their successors are elected and qualified, or until their earlier death, resignation or removal. The voting results were as follows:
| Nominee | For | Withheld | Broker Non-Votes | |||
| Michael J. Fox | 302,812 | 297,061 | 384,409 | |||
| Brent Morrison | 501,982 | 97,891 | 384,409 | |||
| Kenneth W. Taylor | 467,714 | 132,159 | 384,409 | |||
| David A. Tenwick | 442,948 | 156,925 | 384,409 |
Proposal 2. To approve the Regional Health Properties, Inc. 2023 Omnibus Incentive Compensation Plan.
The shareholders approved the 2023 Plan. The voting results were as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 438,888 | 145,622 | 15,363 | 384,409 |
Proposal 3. To ratify the appointment of Cherry Bekaert, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.
The shareholders ratified the appointment of Cherry Bekaert, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The voting results were as follows:
| For | Against | Abstain | ||
| 890,769 | 86,071 | 7,442 |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 10.1 | Regional Health Properties, Inc. 2023 Omnibus Incentive Compensation Plan (incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 4, 2023) | |
| 10.2 | Form of Non-Qualified Stock Option Agreement | |
| 10.3 | Form of Incentive Stock Option Agreement | |
| 10.4 | Form of Restricted Stock Agreement | |
| 10.5 | Form of Restricted Stock Unit Agreement | |
| 104 | Cover Page Interactive Data File (embedded within 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.
| REGIONAL HEALTH PROPERTIES, INC. | |
| Date: November 20, 2023 | /s/ Brent Morrison |
| Brent Morrison | |
| Chief Executive Officer and President |