Accretive Health, Inc. (OTCMKTS:ACHI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Accretive Health, Inc. (OTCMKTS:ACHI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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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.
(e)
On December 8, 2016, Accretive Health, Inc. (the Company) held
its 2016 Annual Meeting of Stockholders (the Annual Meeting). At
the Annual Meeting, the Companys stockholders approved a stock
option exchange program the (Option Exchange) under the Companys
Amended and Restated 2010 Stock Incentive Plan (the AR 2010
Plan). There is no written plan document for the Option Exchange,
but a summary of the material terms of the Option Exchange
adopted by the Companys board of directors (the Board) is
summarized on pages 9 through 14 of the Companys definitive proxy
statement on Schedule 14A filed with the Securities and Exchange
Commission (the SEC) on November 3, 2016 (the Proxy Statement),
which description is attached hereto as Exhibit 99.1 and
incorporated herein by reference. The actual commencement and
closing dates of the Option Exchange, and whether the Company
commences the Option Exchange, will be determined by the Board.
At the Annual Meeting, the Companys stockholders also approved
the Companys Second Amended and Restated 2010 Stock Incentive
Plan (the Amended Plan). The Amended Plan amends and restates the
AR 2010 Plan and authorizes the issuance of an additional 17
million shares of the Companys common stock (the Common Stock) to
awards. The material terms of the Amended Plan are summarized on
pages 15 through 28 of the Proxy Statement, which description is
attached hereto as Exhibit 99.2 and incorporated herein by
reference. The description of the Amended Plan is qualified in
its entirety by reference to the full text of the Amended Plan, a
copy of which is attached hereto as Exhibit 10.1 and is
incorporated herein by reference.
Item 5.07
Submission of Matters to a Vote of Security Holders
At the Annual Meeting, the Companys stockholders voted on the
following proposals, with the following results:
1. The following nominees were elected to the Board as Class III
directors for terms ending at the 2017 annual meeting of
stockholders.
For
Withheld
Broker Non-Votes
Charles J. Ditkoff
135,561,636
21,436,097
13,925,675
Joseph R. Impicciche
155,960,932
1,036,801
13,925,675
Alex J. Mandl
140,358,762
16,638,971
13,925,675
2. The Option Exchange was approved.
For:
128,282,168
Against:
28,610,032
Abstain:
105,533
Broker Non-Votes:
13,925,675
3. The Amended Plan was approved.
For:
128,386,832
Against:
28,603,033
Abstain:
7,868
Broker Non-Votes:
13,925,675
4. The amendment to the Companys Restated Certificate of
Incorporation to effect a reverse stock split of the
outstanding shares of Common Stock and a proportionate decrease
in the number of authorized shares of Common Stock was
approved.
Common Stock
For:
86,197,642
Against:
623,606
Abstain:
38,160
8.00% Series A Convertible Preferred Stock
For:
84,064,000
Against:
Abstain:
5. The selection of Ernst Young LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December 31, 2016 was ratified.
For:
166,177,124
Against:
4,531,300
Abstain:
214,984
Item 9.01
>Financial Statements and Exhibits.
(d) Exhibits.
>>>>>>>>>>>>>>>>>>>See
Exhibit Index attached hereto.


About Accretive Health, Inc. (OTCMKTS:ACHI)

Accretive Health, Inc. is a provider of revenue cycle services to healthcare providers. The Company offers revenue cycle management (RCM) service and physician advisory services (PAS). It also offers modular services, allowing clients to engage in specific components of its RCM service offering. Its customers are single or multi-hospital healthcare systems, including faith-based healthcare systems, community healthcare systems, academic medical centers and their affiliated ambulatory clinics. Its population health solutions (PHS) services are designed to enable healthcare providers to manage the health of a defined patient population by identifying various individuals. Its RCM service offering consists of integrated technology and RCM services for a spectrum of revenue cycle operational issues faced by healthcare providers. Its PAS offering provides care billing classification reviews, as well as retrospective chart audits to assist hospitals in billing payers for selected services.

Accretive Health, Inc. (OTCMKTS:ACHI) Recent Trading Information

Accretive Health, Inc. (OTCMKTS:ACHI) closed its last trading session 00.00 at 2.35 with 44,351 shares trading hands.

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