Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
UHS > SEC Filings for UHS > Form 8-K on 17-May-2013All Recent SEC Filings

Show all filings for UNIVERSAL HEALTH SERVICES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for UNIVERSAL HEALTH SERVICES INC


17-May-2013

Entry into a Material Definitive Agreement, Submission of Matters t


Item 1.01. Entry into a Material Definitive Agreement.

On May 16, 2013, Universal Health Services, Inc. ("UHS") entered into a Third Amendment (the "Amendment") to the credit agreement, dated as of November 15, 2010, as amended from time to time, (the "Credit Agreement"), among UHS, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as administrative agent and the other agents party thereto. The Amendment is effective on May 16, 2013. The Amendment provides for a reduction in the interest rates payable in connection with certain borrowings under the Credit Agreement.

Upon the effectiveness of the Amendment, UHS replaced its existing $745,900,000 senior secured Tranche B term loan with a new senior secured Tranche B-1 term loan in the same amount on substantially the same terms as the Tranche B term loan, other than lower interest rates. Borrowings under the Tranche B-1 term loan will bear interest at a rate per annum equal to, at the election of UHS, one, two, three or six month LIBOR, plus an applicable margin of 2.25% or ABR plus an applicable margin of 1.25%. The minimum ABR and LIBOR rates for the Tranche B term loan of 2.0% and 1.0%, respectively, were eliminated.

The foregoing description of the Amendment is a summary and does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.



Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 15, 2013, Universal Health Services, Inc. (the "Company") held its 2013 Annual Meeting of Stockholders at the Company's Corporate Center at 367 South Gulph Road, King of Prussia, Pennsylvania.

At the Annual Meeting, the Company's stockholders voted to elect the following individuals as Class II members of the Board of Directors for three-year terms scheduled to expire at the Company's 2016 Annual Meeting of Stockholders. The following voting results were as follows:

Anthony Pantaleoni - elected by the Class A and Class C Stockholders:

Votes cast in favor                                                        7,259,708
Votes withheld                                                                     0
Broker non-votes                                                                   0

Robert H. Hotz - elected by the Class B and Class D Stockholders:
Votes cast in favor                                                       77,791,704
Votes withheld                                                             3,850,578
Broker non-votes                                                                   0



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                  Description

10.1              Third Amendment, dated as of May 16, 2013, to the Credit
                  Agreement, dated as of November 15, 2010, as amended from time to
                  time, among Universal Health Services, Inc., a Delaware
                  corporation, the several banks and other financial institutions
                  from time to time parties thereto, JPMorgan Chase Bank, N.A., as
                  administrative agent and the other agents party thereto.


  Add UHS to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for UHS - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.