MOLINA HEALTHCARE, INC. (NYSE:MOH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 29, 2017, the board of directors of Molina Healthcare, Inc. reassigned director Joseph M. Zubretsky from Class I to Class III in order to make the three classes of the Company’s board of directors approximately equal in size as prescribed by the Company’s Certificate of Incorporation and the New York Stock Exchange Listing Standards. Mr. Zubretsky resigned from his position as a Class I director but solely for the purpose of his simultaneous reassignment as a Class III director. This reassignment is being made as a result of the resignation of Dr. J. Mario Molina from Class III of the board of directors on December 12, 2017. The vacancy created in Class I by Mr. Zubretsky’s move to Class III has been closed by the board of directors, and the current size of the board of directors has been fixed at nine.
About MOLINA HEALTHCARE, INC. (NYSE:MOH)
Molina Healthcare, Inc. offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business. Its direct delivery business consists of the operation of primary care clinics in various states in which it operates health plans. Its Molina Medicaid Solutions segment provides design, development, implementation (DDI) and business process outsourcing (BPO) solutions to state governments for their Medicaid management information systems (MMIS). The Other segment includes other businesses, such as its Pathways Health and Community Support LLC (Pathways) behavioral health and social services provider.
