On December 18, 2007, Res-Care, Inc. announced that Patrick G. Kelley, 43, will join the company as president of its Community Services Group effective January 2, 2008. The date of the appointment was December 17, 2007.
Mr. Kelley previously served as President of a division of The Rawlings Company, an insurance claims recovery company since April 2006. Before taking that position, he was employed by ResCare for 19 years, most recently as Senior Vice President from 2003 to 2006 and Vice President of Operations of ResCare’s Central Region from 1999 to 2003.
Mr. Kelley will receive initial base compensation of $350,000 per year with an opportunity for cash incentives equal to 100% of base compensation. Mr. Kelley will also receive a restricted stock grant of 5,000 shares of common stock and a performance-based stock grant equal to $100,000 of ResCare common stock.
A copy of the press release issued on December 18, 2007 to announce Mr. Kelley’s appointment is included as Exhibit 99.1 to this report.
Item 9.01 Financial Statements & Exhibits.
|
Exhibit Number |
|
Description of Exhibit |
|
99.1 |
|
Press release dated December 18, 2007 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
|
RES-CARE, INC. |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date: December 21, 2007 |
|
By |
/s/ David W. Miles |
|
|
|
|
|
David W. Miles |
|
|
|
|
|
Chief Financial Officer |
|
EXHIBIT INDEX
|
Exhibit Number |
|
Description of Exhibits |
|
|
|
|
|
99.1 |
|
Copy of press release issued by the Company on December 18, 2007. |