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MGLN > SEC Filings for MGLN > Form 8-K on 17-Dec-2013All Recent SEC Filings




Change in Directors or Principal Officers, Other Events, Financial S

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

Magellan Health Services, Inc. (the "Company") announced today that the Company and René Lerer, M.D., Executive Chairman of the Company, have mutually agreed that his service as Executive Chairman and a member of the Board Directors of the Company will end on December 31, 2013. Pursuant to the terms of his employment agreement with the Company, Dr. Lerer's employment will terminate without cause, as defined in the employment agreement, and he will be entitled to the compensation and benefits as provided in such agreement. The Board of Directors of the Company has also appointed Barry M. Smith, Chief Executive Officer, as Chairman of the Board effective January 1, 2014 and intends to fill the vacancy created by Dr. Lerer's departure from the Board.

Item 8.01 Other Events.

On December 17, 2013, the Company issued a press release with respect to its 2014 earnings guidance. Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release dated December 17, 2013.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits

(a) Financial Statements of business acquired: Not applicable.

(b) Pro forma financial information: Not applicable.

(d) Exhibits:

Exhibit Number Description
99.1 Registrant's press release dated December 17, 2013.

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