Healthcare Services Group Inc 8-K, filed Nov 12, 2020
Healthcare Services Group Inc (HCSG)
8-K
2020-11-12
For: 2020-11-11
View Original
Added on
April 09, 2026
About this 8-K
Healthcare Services Group Inc filed this 8-K on November 12, 2020, reporting on events of November 11, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
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 (Date of earliest event reported): November 11, 2020
(Exact name of registrant as specified in its charter)
Commission File Number: 0-12015
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification number) | ||||
(Address of principal executive office)
(Zip Code)
Registrant's telephone number, including area code: 215 -639-4274
Not Applicable
(Former name or former address, if changed since last report)
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:
( ☐ ) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
( ☐ ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
( ☐ ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
( ☐ ) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On November 11, 2020, Michael E. McBryan informed the Board of Directors (the “Board”) of Healthcare Services Group, Inc. (the “Company”) that he will retire from his position as Executive Vice President and Chief Revenue Officer of the Company effective December 31, 2020. Mr. McBryan joined the Company in 1988 and has served as Executive Vice President since April 2012, and before such appointment, served in several capacities including Senior Vice President, Divisional Vice President, Regional Sales Director, District Manager and Facility Manager over his tenure with the Company.
Mr. McBryan intends to serve the Company in an advisory capacity and as a member of the Board following his retirement.
On November 11, 2020, the Board also appointed Patrick Orr as the Company’s Executive Vice President and Chief Revenue Officer, effective January 1, 2021. Mr. Orr currently serves as the Company’s Senior Vice President of Financial Services and has served in that role since June 2016. Previously, Mr. Orr was the Vice President of Financial Services since joining the Company in 2014. Mr. Orr served as a partner in the law firm of Klestadt & Winters, LLP prior to his employment with the Company.
During the last two years, there have been no transactions or proposed transactions by the Company in which Mr. Orr has had or is to have a direct or indirect material interest, and there are no family relationships between Mr. Orr and any of the Company’s other executive officers or directors.
| Item 8.01 | Other Events. | ||||
On November 11, 2020, the Company issued a press release announcing the retirement of Michael E. McBryan from the position of Executive Vice President and Chief Revenue Officer of the Company and the appointment of Patrick Orr. A copy of the Company’s press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. | ||||
( a ) Not applicable
( b ) Not applicable
( c ) Not applicable
( d ) Exhibits. The following exhibit is being furnished herewith:
99.1 Press Release dated November 11, 2020, issued by Healthcare Services Group, Inc.
SIGNATURES
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 hereunto duly authorized.
| HEALTHCARE SERVICES GROUP, INC. | ||||||||
| Date: November 12, 2020 | By: | /s/ John C. Shea | ||||||
| Name: John C. Shea Title: Chief Financial Officer | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document) | |||||||
Exhibit 99.1
Healthcare Services Group, Inc. Announces Leadership Updates
BENSALEM, PA, November 11, 2020 (BUSINESS WIRE) – Healthcare Services Group, Inc. (NASDAQ:HCSG) (the “Company”) announced that Michael E. McBryan, Chief Revenue Officer, will be retiring at year end. Mr. McBryan will continue to serve the Company in an advisory capacity and as a member of the Board of Directors. Patrick J. Orr, currently serving as Senior Vice President of Financial Services, will assume the role of Chief Revenue Officer as of January 1, 2021. Mr. Orr will be focused on optimizing the Company’s talent, expertise and leadership across its revenue life cycle including sales and contracts, customer relationships, and billing and collections.
Mr. McBryan started with HCSG in 1988 as a Manager-In-Training in the Philadelphia area and rose through various roles in operations and sales, making significant contributions to the growth and success of the Company. Most recently, he has been instrumental in the development and leadership of the Revenue Office, which he has championed since its inception.
Ted Wahl, Chief Executive Officer, stated, “There are certainly mixed emotions for all of us as Mike moves on to the next phase of his life. On behalf of the entire HCSG family, I would like to thank Mike for his years of dedicated service and the many lasting contributions he leaves as his legacy.”
Mr. Orr joined HCSG in 2014 as Vice President of Financial Services and has since served as the leader of Financial Services, making significant contributions as the head of that group and a member of the Senior Leadership Team. Prior to joining the Company in 2014, Mr. Orr was a partner at the law firm of Klestadt & Winters, LLP in New York, where he advised clients in evaluating and navigating complex business transactions.
Mr. Wahl, added, “Pat is a growth-oriented leader and has significantly enhanced our Financial Services department since his arrival, most notably as the architect of our weekly customer payment model. He has played an integral role in supporting client relationships and new business opportunities. Pat’s background and intimate knowledge of the industry and our customer base uniquely positions him to lead effectively, work collaboratively and drive results.”
Contact
Theodore Wahl
President and Chief Executive Officer
Matthew J. McKee
Chief Communications Officer
215-639-4274
investor-relations@hcsgcorp.com