Note 19 - Series B Junior Participating Preferred Stock

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholder Rights Plan Disclosure [Text Block]

Note

19

– Series B Junior Participating Preferred Stock

On

August

2,

2007,

the NHC Board of Directors approved the adoption of a stockholder rights plan and declared a dividend distribution of

one

right (a "Right") for each outstanding share of NHC common stock to stockholders of record at the close of business on

August

2,

2007.

Each Right entitles the registered holder to purchase from NHC a unit consisting of

one

one–ten

thousandth of a share of Series B Junior Participating Preferred Stock,

$0.01

par value at a purchase price of

$250

per Unit, subject to adjustment. The description and terms of the Rights are set forth in a rights agreement between NHC and Computershare Trust Company, N.A., as rights agent, dated as of

August

2,

2007,

as

may

be amended, restated or otherwise modified from time to time.

No

shares have been issued pursuant to this stockholder rights plan.