The Providence Service Corporation (NASDAQ:PRSC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders
(d) As previously reported in the Original Form 8-K, at the 2017 Annual Meeting, a non-binding advisory vote was conducted on the frequency of future non-binding advisory votes to approve named executive officer compensation. The Board of Directors of the Company (the “Board”) recommended to hold such advisory votes to approve named executive officer compensation every year, and a majority of the shares were voted for such advisory vote to be held every year. In light of these voting results, the Company plans to hold future non-binding advisory votes approving named executive officer compensation annually (the next such vote being at the 2018 annual meeting of stockholders of the Company) until the next required vote on the frequency of such advisory votes (which would be at the 2023 annual meeting of stockholders of the Company), or until the Board otherwise determines that a different frequency is in the best interests of the Company and its stockholders.
About The Providence Service Corporation (NASDAQ:PRSC)
The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services). The NET Services segment coordinates non-emergency transportation for individuals whose limited mobility and/or financial resources would otherwise hinder them from accessing necessary healthcare and social services. The WD Services segment provides employability and offender rehabilitation services to eligible participants of government sponsored programs. The HA Services segment provides care optimization and delivery solutions, including various health assessments for health plans, as well as in-home care management offerings.
