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Quotes & Info
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| HMA > SEC Filings for HMA > Form 8-K on 18-Jan-2013 | All Recent SEC Filings |
18-Jan-2013
Other Events
On January 17, 2013, Gary D. Newsome adopted a pre-arranged stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Mr. Newsome is a director of Health Management Associates, Inc. (the "Company"), as well as its President and Chief Executive Officer.
Rule 10b5-1 permits the adoption of a written stock trading plan by a person at a time when such person is not in possession of material non-public information, pursuant to which a registrant's shares can be sold in the future at predetermined times and/or in accordance with pre-established price parameters. Mr. Newsome's Rule 10b5-1 plan covers the period February 18, 2013 through December 31, 2013 and applies to a maximum of 200,000 shares of the Company's common stock that he currently holds in a brokerage account. Mr. Newsome informed the Company's management that he adopted his Rule 10b5-1 plan to diversify his holdings. Additionally, Mr. Newsome informed the Company's management that he will publicly disclose all transactions under such plan in accordance with applicable securities laws.
The Company does not undertake to report any modifications, terminations, transactions or other activities under Mr. Newsome's Rule 10b5-1 plan, except as may be required by law.
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