UNITED STATES
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CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Michael C. Howe as Chief Operating Officer
On June 10, 2025, Mr. Michael C. Howe informed First Choice Healthcare Solutions, Inc. (the “Company”) of his resignation as the Chief Operating Officer of the Company, effective as of June 10, 2025. Mr. Howe’s decision to resign was not because of any disagreement relating to the Company’s accounting, strategy, management, operations, policies, regulatory matters, financial reporting, controls or practices, but because he accepted a full time position at another Company listed on the Nasdaq Stock Market. Mr. Howe will be a director on the board of directors of the Company upon completion of an uplist and effectiveness of an S-1 registration statement filed by the Company.
Appointment of Bradley D. Case as Chief Operating Officer
On June 10, 2025, Bradley D. Case was appointed as the Chief Operating Officer of the Company, effective June 10, 2025.
Mr. Case, age 49, brings more than 30 years of leadership experience in healthcare across a variety of verticals including patient care, insurance services, post-acute care, health technology and medical device manufacturing. He served as the President of The Good Clinic and was the CEO of Estrella Health, having previously held senior leadership roles at UnitedHealth Group, Influence Health, and WellStack. He holds a Bachelor of Arts in Political Science from the University of Colorado Denver.
In connection with Mr. Case’s appointment, the Company entered into an employment agreement dated June 10, 2025 (“Employment Agreement”). Under the Employment Agreement, Mr. Case is entitled to receive an annual base salary of $225,000. In addition to the base salary, Mr. Case will be paid $25,000 upon completion of the uplist and S-1 registration offering and shall be eligible to receive an annual bonus in an amount equal to 50% of the base salary (60% cash and 40% stock grant) for achievement of target-level performance objectives (“Target Bonus”) (with the eligible amount of such bonus being more or less than the Target Bonus in the event of achievement below or above target-performance objectives, in each case as determined by the board of directors of the Company in its discretion).
The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference into this Item 5.02.
There are no arrangements or understandings between Mr. Case and any other persons pursuant to which he was selected as an officer of the Company, and Mr. Case is not related to any other executive officer or director of the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
10.1 | Employment Agreement between First Choice Healthcare Solutions, Inc. and Bradley D. Case dated June 10, 2025. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
First Choice Healthcare Solutions, Inc. | ||
June 27, 2025 |
By: | /s/ Lance Friedman |
Name: | Lance Friedman | |
Title: | Chief Executive Officer |