SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: June 8, 2007
(Date of earliest event reported)
ADCARE
HEALTH SYSTEMS, INC.
(Exact Name of Registrant as specified in its Charter)
| |
|
|
| Ohio
|
|
333-131542 |
(State of Other Jurisdiction
of Incorporation
|
|
(Commission file Number) |
31-1332119
(IRS Employer Identification No.)
5057 Troy Road, Springfield, Ohio 45502-9032
(Address of principal executive offices) (Zip code)
Registrant’s Telephone Number, Including Area Code
(937) 964-8974
Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (See General Instruction
A2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4 (c)).
Item 8.01. Other Information
On
June 5, 2007, Ad Care Health Systems, Inc. (the
“Company”) authorized the issuance of the following Warrants to the
following officers and directors:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Name |
|
Number
of
Warrants |
|
Exercise
Price * |
|
Initial
Exercise Date |
David A. Tenwick |
|
|
472,832 |
|
|
$ |
1.46 |
|
|
|
** |
|
Gary L. Wade |
|
|
254,330 |
|
|
$ |
1.46 |
|
|
|
** |
|
Jay Michael Williams |
|
|
222,314 |
|
|
$ |
1.46 |
|
|
|
** |
|
Scott Cunningham |
|
|
8,800 |
|
|
$ |
1.46 |
|
|
|
** |
|
Andy Wade |
|
|
13,638 |
|
|
$ |
1.46 |
|
|
|
** |
|
Jacqueline N. Potter |
|
|
8,000 |
|
|
$ |
1.46 |
|
|
|
** |
|
Sharon L. Reynolds |
|
|
7,600 |
|
|
$ |
1.46 |
|
|
|
** |
|
Kimberle A. Henry |
|
|
8,000 |
|
|
$ |
1.46 |
|
|
|
** |
|
Carol Groeber |
|
|
7,600 |
|
|
$ |
1.46 |
|
|
|
** |
|
Peter Hacket |
|
|
4,000 |
|
|
$ |
1.46 |
|
|
|
** |
|
Jeffrey L. Levine |
|
|
14,000 |
|
|
$ |
1.46 |
|
|
|
** |
|
Lawrence E. Sturtz |
|
|
43,840 |
|
|
$ |
1.46 |
|
|
|
** |
|
Clarence Peterson |
|
|
15,506 |
|
|
$ |
1.46 |
|
|
|
** |
|
Phillip S. Radcliffe |
|
|
22,250 |
|
|
$ |
1.46 |
|
|
|
** |
|
In
addition to the foregoing Warrants issued to management by the Company, the Company also
issued the following Warrants as of June 5, 2007 and May 18, 2007:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Name |
|
Number
of
Warrants |
|
Exercise
Price * |
|
Initial
Exercise Date |
Gerald Amato |
|
|
25,000 |
|
|
$ |
1.46 |
|
|
6/5/2007 through |
|
|
|
|
|
|
|
|
|
|
|
6/5/2012 |
|
Amothy corporation |
|
|
100,000 |
|
|
$ |
1.85 |
|
|
5/18/2007 through |
|
|
|
|
|
|
|
|
|
|
|
5/18/2012 |
|
* Price was established at the close of American Stock Exchange regular trading session on June 7,
2007.
** The
Warrants will only become exercisable upon closing of the Merger of the Company and Family
Home Health Services, Inc. and will terminate and expire unless exercised on or before the
5th anniversary of the closing.
2