Healthcare Services (HCSG) Appoints Lead Director; Sees Start-Up Costs Impacting Q1 EPS
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Price: $22.77 -1%
Financial Fact:
Costs of services provided: 336.34M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Costs of services provided: 336.34M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Healthcare Services Group, Inc. (NASDAQ: HCSG) today announced the appointment of John M. Briggs, CPA, as a lead director to its Board. Mr. Briggs has served on the Company's Board of Directors since 1993. Mr. Briggs was the Treasurer of the Philadelphia Affiliate of Susan G. Komen for the Cure from 2005 through 2011. Additionally, he is the founder and formerly a Partner of Briggs, Bunting & Dougherty, LLP, a registered public accounting firm. Mr. Briggs is currently a Board member of the Capstone Group of Regulated Investment Funds. The Company also announced that John J. McFadden, Principal of Global Circulation Services, a provider of marketing and advertising services to media and publishing companies, will be a nominee to the Company's Board of Directors at the upcoming annual meeting of shareholders. Mr. McFadden previously worked at The McGraw-Hill Companies (parent company of Standard and Poor's) where he held management positions within their global circulation, sales and outsourcing services departments. If elected, Mr. McFadden will be deemed an independent director under NASDAQ rules.
The Company further announced the following executive management appointments:
Theodore Wahl, CPA, has been appointed to serve as President & Chief Operating Officer. Mr. Wahl also serves on the Company's Board of Directors. Mr. Wahl joined the Company in 2004. Prior to his appointment to President & Chief Operating Officer, Mr. Wahl served as Executive Vice President & Chief Operating Officer.
John C. Shea, MBA, CPA, has been appointed to serve as Chief Financial Officer & Secretary. Mr. Shea had previously served as Vice President of Finance & Chief Accounting Officer. Mr. Shea joined the Company in 2009 as the Director of Regulatory Reporting. Prior to joining the Company, Mr. Shea was a Senior Manager with Ernst & Young's Transaction Advisory Services.
Richard W. Hudson, MS, CPA, former Chief Financial Officer, Chief Compliance Officer & Secretary since 2007, will continue to serve as Chief Compliance Officer.
Bryan D. McCartney has been appointed to serve as the Company's Executive Vice President. Mr. McCartney joined the Company in 1983. Prior to becoming Executive Vice President, Mr. McCartney served as Senior Vice President.
Michael E. McBryan has been appointed to serve as the Company's Executive Vice President. Mr. McBryan also serves on the Company's Board of Directors. Mr. McBryan joined the Company in 1988. Prior to becoming Executive Vice President, Mr. McBryan served as Senior Vice President.
The Company intends to file its Proxy Statement for the annual meeting of shareholders and release financial results for the first quarter ended March 31, 2012 during the week of April 9, 2012.
The Company incurred higher start-up and management costs in January and February of 2012, related to its fourth quarter of 2011 and first quarter of 2012 expansion. The Company estimates such start-up expenditures, as well as the subsequent divisional realignments, will unfavorably impact the first quarter ended March 31, 2012 by approximately $.03 to $.04 per diluted common share.
The Company further announced the following executive management appointments:
Theodore Wahl, CPA, has been appointed to serve as President & Chief Operating Officer. Mr. Wahl also serves on the Company's Board of Directors. Mr. Wahl joined the Company in 2004. Prior to his appointment to President & Chief Operating Officer, Mr. Wahl served as Executive Vice President & Chief Operating Officer.
John C. Shea, MBA, CPA, has been appointed to serve as Chief Financial Officer & Secretary. Mr. Shea had previously served as Vice President of Finance & Chief Accounting Officer. Mr. Shea joined the Company in 2009 as the Director of Regulatory Reporting. Prior to joining the Company, Mr. Shea was a Senior Manager with Ernst & Young's Transaction Advisory Services.
Richard W. Hudson, MS, CPA, former Chief Financial Officer, Chief Compliance Officer & Secretary since 2007, will continue to serve as Chief Compliance Officer.
Bryan D. McCartney has been appointed to serve as the Company's Executive Vice President. Mr. McCartney joined the Company in 1983. Prior to becoming Executive Vice President, Mr. McCartney served as Senior Vice President.
Michael E. McBryan has been appointed to serve as the Company's Executive Vice President. Mr. McBryan also serves on the Company's Board of Directors. Mr. McBryan joined the Company in 1988. Prior to becoming Executive Vice President, Mr. McBryan served as Senior Vice President.
The Company intends to file its Proxy Statement for the annual meeting of shareholders and release financial results for the first quarter ended March 31, 2012 during the week of April 9, 2012.
The Company incurred higher start-up and management costs in January and February of 2012, related to its fourth quarter of 2011 and first quarter of 2012 expansion. The Company estimates such start-up expenditures, as well as the subsequent divisional realignments, will unfavorably impact the first quarter ended March 31, 2012 by approximately $.03 to $.04 per diluted common share.
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