-----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, FWVy1SacEH2TWHmqUidFwECeLONRMHNbi+/2NcFcnjWUYWg19GMIdc1S27TGGfos h7spvul5DkkUbp77O1PGhQ== 0000812191-01-500007.txt : 20010418 0000812191-01-500007.hdr.sgml : 20010418 ACCESSION NUMBER: 0000812191-01-500007 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REHABCARE GROUP INC CENTRAL INDEX KEY: 0000812191 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HOSPITALS [8060] IRS NUMBER: 510265872 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-14655 FILM NUMBER: 1604022 BUSINESS ADDRESS: STREET 1: 7733 FORSYTH BLVD 17TH FLR STREET 2: SUITE 1700 CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3148637422 FORMER COMPANY: FORMER CONFORMED NAME: REHABCARE CORP DATE OF NAME CHANGE: 19940218 DEFA14A 1 letter.txt First mailed on April 17, 2001 April 17, 2001 Large Shareholder Dear Large Shareholder: Would you vote to reelect the CEO to the Board of Directors of one of your portfolio companies if that company had consistently generated strong earnings performance? What if that company had been the best performing stock on the NYSE last year? If so, then you should DISREGARD the recommendation of Institutional Shareholder Services, a Thompson Financial company, in connection with the election of directors contained in the current proxy solicitation of RehabCare Group, Inc. Since becoming CEO and a director in June of 1998, I have led RehabCare through a very turbulent time in the healthcare industry, while posting compounded annual growth in fully diluted earnings per share at a rate in excess of 25 percent. During this time our balance sheet has improved dramatically as well, with a current ratio that has increased to 2.1 from 1.7, working capital that has increased to $64 million from $13 million, and stockholders' equity that has grown to $118 million from $40 million. Also during this period, our share price has increased over 200 percent. My reward for these accomplishments is the recommendation from ISS that I be voted off the Board of Directors due solely to my role as a member of the nominating committee of the board. I hope that you, as I do, feel that their recommendation is ill-conceived, and that you will not only vote IN FAVOR of retaining me as a member of the board of RehabCare Group, but that you will also recommend that your firm consider using an alternate proxy advisory service, one that will take more into perspective than ISS has done in formulating their recommendation. ISS has provided no empirical evidence to demonstrate that the CEO as the minority insider member of a nominating committee is detrimental to shareholders. I think you would agree RehabCare has demonstrated that my role on the committee has not impaired in any way our ability to continue to deliver shareholder value at an exceptional rate. Thank you for your consideration. Best regards, By /s/ Alan C. Henderson --------------------------- Alan C. Henderson President and Chief Executive Officer cc: Institutional Shareholder Services, Thompson Financial Group -----END PRIVACY-ENHANCED MESSAGE-----