Item 1.01, Entry into a Material Definitive Agreement and Item 5.02 Departure of
Directors or Principal Officers; Election of Directors; Appointment of Principal
Officers
On September 22, 2009, MedCath Corporation ("MedCath") announced in a press
release that James A. Parker was appointed Executive Vice President and Chief
Financial Officer of MedCath, effective immediately.
Mr. Parker, 44, served as MedCath's Senior Vice President, Finance and
Development and Interim Chief Financial Officer since June 5, 2009. Mr. Parker
was appointed as Senior Vice President, Finance and Development in June 2008.
Prior to that time, Mr. Parker served as MedCath's Interim Chief Financial
Officer from January- June 2008 and as Vice President, Treasurer and Director of
Investor Relations since joining MedCath in March 2001. Prior to MedCath,
Mr. Parker served in various positions with Bank of America. His tenure at Bank
of America began in 1987 and culminated in his position as a high yield bond
research analyst with responsibility for coverage of the health care industry at
Banc of America Securities. Mr. Parker received his bachelor's degree from the
University of Georgia and his master's degree in business administration from
Wake Forest University's Babcock School of Management.
In connection with his employment, Mr. Parker will receive an annual base salary
of $350,000. Additionally, MedCath will grant Mr. Parker 21,097 restricted
shares. All other terms of Mr. Parker's employment with MedCath will remain the
same as was stated in his amended employment agreement included in the
August 14, 2009 Form 8-K.
Add
MDTH to Portfolio
Set Alert
Email to a
Friend