-----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, BXfjCxW5t7k0onyW6aZjjewQEKBkecNV3ETny8HRPzS9+/z8CYw+PbyL7ebAgP6t lFgFiPqUJqagE9ln9NlKbQ== 0001193125-07-248595.txt : 20071115 0001193125-07-248595.hdr.sgml : 20071115 20071115164257 ACCESSION NUMBER: 0001193125-07-248595 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071113 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071115 DATE AS OF CHANGE: 20071115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PharMerica CORP CENTRAL INDEX KEY: 0001388195 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 870792558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33380 FILM NUMBER: 071250232 BUSINESS ADDRESS: STREET 1: 680 S. 4TH STREET CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 610-727-7458 MAIL ADDRESS: STREET 1: 680 S. 4TH STREET CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: SAFARI HOLDING CORP DATE OF NAME CHANGE: 20070130 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 13, 2007

 


PHARMERICA CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

 


 

Delaware   001-33380   87-0792558

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

1901 Campus Place

Louisville, Kentucky 40299

(Address of principal executive offices) (Zip Code)

(502) 627-7000

(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 (see General Instruction A.2. below):

 

¨ 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))

 



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Amendment to Employment Agreement of Gregory S. Weishar

On November 13, 2007, PharMerica Corporation (the “Corporation”) and the Corporation’s Chief Executive Officer, Gregory S. Weishar, entered into Amendment No. 1 (“Amendment No. 1”) to the Letter Agreement dated January 14, 2007, by and between AmerisourceBergen Corporation, Kindred Healthcare, Inc., the Corporation and Mr. Weishar (the “Employment Agreement”).

Amendment No. 1 amends the Employment Agreement to change (i) from 12 months to 18 months the period after the closing (the “Closing”) of the transactions contemplated by the Master Transition Agreement dated October 25, 2006, as amended (“Master Agreement”) in which the Corporation must achieve a synergy target of $30 million for Mr. Weishar to receive an integration bonus of $500,000; and (ii) from 18 months to 24 months the period after the Closing in which the Corporation must achieve an aggregate synergy target of $45 million or more for Mr. Weishar to receive an additional integration bonus of $500,000.

The Employment Agreement was executed prior to the Closing and the Closing occurred later than had been originally been anticipated. As a result, the time period relating to certain synergy bonuses set forth in the Employment Agreement did not correspond to the time period the Corporation established after the Closing to reach certain synergy targets. Amendment No. 1 merely aligns the time period to achieve the bonus targets in Mr. Weishar’s Employment Agreement with the time period established by the Corporation following the Closing. The Corporation has not changed or modified its synergy target dates or synergy estimates; or the amount of Mr. Weishar’s bonus or the targeted synergy amount upon which the bonus is based.


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.

 

  PHARMERICA CORPORATION
Date: November 15, 2007   By:  

/s/ Thomas Caneris

    Thomas Caneris
    Senior Vice President, General Counsel and Secretary
-----END PRIVACY-ENHANCED MESSAGE-----