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MGLN > SEC Filings for MGLN > Form 8-K on 23-Feb-2009All Recent SEC Filings

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Form 8-K for MAGELLAN HEALTH SERVICES INC


23-Feb-2009

Change in Directors or Principal Officers


Item 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS.

(b)

On February 17, 2009, Steven Shulman, Chairman of the Board of Directors of the Company, notified the Company of his resignation effective on February 25, 2009. In connection with his resignation from the board, the Company agreed to accelerate the vesting of 13,528 shares of Restricted Stock of the Company, with an original vesting date of May 20, 2009, issued to Mr. Shulman as part of his compensation for continued service on the board during 2008 pursuant to a certain Transition Agreement dated February 19, 2008.


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