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DVCR > SEC Filings for DVCR > Form 8-K on 2-Oct-2013All Recent SEC Filings

Show all filings for DIVERSICARE HEALTHCARE SERVICES, INC.

Form 8-K for DIVERSICARE HEALTHCARE SERVICES, INC.


2-Oct-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers: Election of Directors:
Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers

Transaction Bonus

On September 30, 2013, the Compensation Committee approved the grant of 50,000 shares of common stock to Kelly Gill, the Company's Chief Executive Officer as a one-time transaction bonus for the recently completed disposition of all of the Company's facilities in the State of Arkansas. The previously announced disposition of the Arkansas facilities was completed September 1, 2013. In addition to the stock grant, the Compensation Committee also approved a cash bonus of $76,227.25 to help cover the tax withholding requirement for the stock grant.

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