-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RakMFEwVKzI68QriEvLSUnPk5uY3wM/DMB+alvc//3L145TFy6/uoPxBVfVBzrK4 cn1d+THrRy6DXoNrk6C1UA== 0001279569-08-000732.txt : 20080617 0001279569-08-000732.hdr.sgml : 20080617 20080617105815 ACCESSION NUMBER: 0001279569-08-000732 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080616 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080617 DATE AS OF CHANGE: 20080617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SXC Health Solutions Corp. CENTRAL INDEX KEY: 0001363851 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 752578509 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52073 FILM NUMBER: 08902260 BUSINESS ADDRESS: STREET 1: 555 INDUSTRIAL DRIVE CITY: MILTON STATE: A6 ZIP: L9T 5E1 BUSINESS PHONE: (415) 815-0700 MAIL ADDRESS: STREET 1: 555 INDUSTRIAL DRIVE CITY: MILTON STATE: A6 ZIP: L9T 5E1 FORMER COMPANY: FORMER CONFORMED NAME: Systems Xcellence Inc. DATE OF NAME CHANGE: 20060524 8-K 1 sxc8k.htm FORM 8-K sxc8k.htm




 
 
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):  June 16, 2008

 
 
 SXC HEALTH SOLUTIONS CORP.
 
 

(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-52073
 
Yukon Territory, Canada
  
75-2578509
(State or other jurisdiction of incorporation)
  
(IRS Employer Identification No.)
 
  
 
 
2441 Warrenville Road, Suite 610
Lisle, Illinois 60532-3246
(Address of principal executive offices, including zip code)
 
(630) 577-3206
(Registrant’s telephone number, including area code)
 
 
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:
 
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 



 
 

 
Item 5.02.                      Departure of Principal Officer.
 
Gordon S. Glenn, the Chairman of the Board and Chief Executive Officer of the Company provided notice to the Company indicating his intent to retire from his role as Chief Executive Officer of the Company on June 30, 2008 and as Chairman of the Board on December 31, 2008.

 
Item 9.01.                      Financial Statements and Exhibits.

(d)                      Exhibits

Exhibit No.
 
Description
99.1
 
Press released issued June 16, 2008


 
 

 

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.

 
SXC HEALTH SOLUTIONS CORP.
   
Dated: June 16, 2008
By:
/s/ Jeffrey Park
   
Name:  Jeffrey Park
   
Title:    Chief Financial Officer


 
 

 

EXHIBIT INDEX


Exhibit No.
 
Description
99.1
 
Press released issued June 16, 2008
 


EX-99.1 2 ex991.htm NEWS RELEASE DATED JUNE 16, 2008 ex991.htm
Exhibit 99.1
 
Logo
 

SXC HEALTH SOLUTIONS ANNOUNCES MARK THIERER TO BE
NAMED PRESIDENT & CEO

Lisle, Illinois, June 16, 2008 - - SXC Health Solutions Corp. (“SXC” or the “Company”) (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits management services, announces that effective June 30, 2008, Gordon S. Glenn, age 60, Chairman and Chief Executive Officer (CEO) will retire from the position of CEO, and Mark Thierer, age 48, previously President and Chief Operating Officer, will be appointed President and CEO. Both will continue to serve as members of the Board of Directors, with Mr. Glenn remaining Chairman of the Board until December 31, 2008.

“Our succession plan was put into effect in mid-2006 when we hired Mark, and this is an ideal time to pass the CEO responsibilities to him,” said Gordon S. Glenn, SXC’s Chairman of the Board. “I’m confident that Mark’s industry knowledge and leadership capabilities, coupled with his energy and enthusiasm, will ensure that SXC will continue to grow successfully.  With the integration of NMHC progressing according to plan, a growing pipeline in multiple markets and the most flexible and extensive product suite in the pharmacy benefits industry, the Company has never been on stronger footing. I have thoroughly enjoyed my time at SXC and I’m proud of the growth and value that our team has created with the company having achieved a ten-fold increase in enterprise value since being named CEO.”

“On behalf of management and the Board of Directors, I would like to thank Gordon for his leadership and guidance during the past ten years,” said Mark Thierer, President and CEO at SXC. “These are exciting times for SXC. The acquisition of NMHC completes our strategic footprint and positions us as a new and unique competitor in the PBM space. We are emerging as the industry’s leading technology-enabled PBM, providing our customers a new level of control, flexibility, and cost management. We have added significant depth and expertise to our leadership team in the past year, and we have the right foundation in place to drive continued growth and success in the marketplace.”

In its second quarter financial results, SXC will incur a one-time pre-tax charge of approximately $1.7 million related to the departure of Mr. Glenn.


About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and Health Care Information Technology (HCIT) solutions to the healthcare benefits management industry. The Company's product offerings and PBM solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit www.sxc.com.


For more information, please contact:
Jeff Park
Dave Mason
Susan Noonan
Chief Financial Officer
Investor Relations
Investor Relations - U.S.
SXC Health Solutions, Inc.
The Equicom Group Inc.
The SAN Group, LLC
Tel: (630) 577-3206
416-815-0700 ext. 237
(212) 966-3650
investors@sxc.com
dmason@equicomgroup.com
susan@sanoonan.com

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