DETROIT, Sept. 1 /PRNewswire-FirstCall/ -- United American Healthcare Corporation (OTCQB: UAHC) today announced that the Company has increased the size of its Board from seven directors to ten effective with the elections to be held at the Company's upcoming annual meeting of shareholders on Sept. 30, 2010.
"UAHC is now in an intensive mode of integrating our acquisition of Pulse Systems and growing our combined business for the long term, said William C. Brooks, President and CEO of United American Healthcare. "To support these efforts the Board and management team determined that a change to our Board was necessary, and that this change should be accomplished in a responsible manner. We believe the best way to accomplish our strategic goals is through the leadership of a Board that includes significant public company management experience in the healthcare arena and the continuity of governance provided by our current Board members, while adding deep expertise in the medical device industry. The expansion of UAHC's Board to ten members will enable us to achieve the right balance of relevant industry experience and continuity as we execute our plan for building shareholder value."
With the expansion of the Board, shareholders will be asked to vote for nine directors at the upcoming shareholders' meeting, including two directors for terms expiring at the 2011 annual shareholders' meeting, three directors for terms expiring at the 2012 annual shareholders' meeting and four directors for terms expiring at the 2013 annual shareholders' meeting. For the upcoming annual meeting, UAHC's Board and management team have nominated five incumbent nominees and four new nominees.
The incumbent nominees include: Tom A. Goss, Darrell W. Francis, Emmett S. Moten, Jr., Richard M. Brown, D.O. and Ronald E. Hall, Sr. The new nominees include: Grayson Beck, a professional investor, a 16-year veteran of the medical devi
|SOURCE United American Healthcare Corporation|
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