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ANCI > SEC Filings for ANCI > Form 8-K on 6-Aug-2009All Recent SEC Filings

Show all filings for AMERICAN CARESOURCE HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for AMERICAN CARESOURCE HOLDINGS, INC.


6-Aug-2009

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.

On August 2, 2009, Kurt Fullmer notified American CareSource Holdings, Inc. (the "Company") of his resignation as the Company's Vice President of Client Development effective July 31, 2009.

The Company has made an offer to enter into a Release and Acknowledgement Agreement (the "Agreement") with Kurt Fullmer in connection with his resignation. The Agreement provides for, among other things, cash payments by the Company to Mr. Fullmer of an aggregate of approximately $112,500 over the next six months. The Agreement also provides that restricted stock units exercisable for 8,761 shares of common stock that Mr. Fullmer had previously received as a bonus for 2008 vest immediately, that options to purchase 17,500 shares that Mr. Fullmer had previously received will vest through September 24, 2009 as compensation for consulting services to be rendered through such time, and that all other unvested options and grants shall expire. The Company's offer remains outstanding through August 21, 2009.

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