Navigation Links
United American Healthcare Corporation Announces Increase in Board Size and New Director Nominees
Date:9/1/2010

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 device industry, and co-founder and former executive officer of Pulse Systems Corporation, the predecessor to Pulse Systems, LLC; Herbert J. Bellucci, President and CEO of Pulse Systems, LLC, who has more than 25 years of experience in the medical device industry; William C. Brooks, President and CEO of UAHC and former director of several publicly traded companies; and John M. Fife, a professional investor who has extensive experience in acquisitions, capital markets and finance.

Advance Notice Deadline for Director Nominations for Newly Established Board Openings  

In accordance with UAHC's bylaws, for director nominations for the newly established board openings, which consist of two directors for terms expiring at the 2011 Annual Meeting of Shareholders and one director for a term expiring at the 2013 Annual Meeting of Shareholders, to be brought before the upcoming Annual Meeting of Shareholders, written notice must be delivered no later than the close of business on Sept. 13, 2010 to the Secretary, United American Healthcare Corporation, 300 River Place Suite 4950, Detroit, Michigan, 48207.  Such notices must also comply with the requirements of UAHC's bylaws and other applicable law, and may not be presented at the Annual Meeting otherwise.

About United American Healthcare Corporation

United American Healthcare Corporation (UAHC) is a provider of contract manufacturing services to the medical device industry, following its June 2010 acquisition of Pulse Systems, LLC, a leading provider to the medical device industry since 1998. UAHC has been a healthcare management company since 1985. For more information, please visit the Company's web site at www.uahc.com.

Forward-looking statements by United American Healthcare Corporation, including those in this announcement, involve known and unknown risks, which may cause actual results and corporate developments to differ materially from those expected. Factors that could cause results and developments to differ materially from expectations include, without limitation, the ongoing impact of the U.S. recession, the termination of the TennCare contract, the wind down of our CMS Medicare business, the integration of the recent acquisition of Pulse Systems, LLC, the ongoing impact of the global credit and financial crisis and other changes in general economic conditions, the effects of state and federal regulations, the effects of any future acquisitions, and other risks described from time to time in each of United American Healthcare's SEC reports, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K.

In connection with the UAHC's Annual Meeting of Shareholders, UAHC has filed a definitive proxy statement with the Securities and Exchange Commission. UAHC will revise such definitive proxy statement in connection with the updated Annual Meeting of Shareholders. SHAREHOLDERS ARE STRONGLY ADVISED TO READ THE REVISED DEFINITIVE PROXY STATEMENT (WHEN AVAILABLE) BECAUSE IT CONTAINS IMPORTANT INFORMATION. Shareholders may obtain a free copy of the revised definitive proxy statement (when available) and other documents filed by UAHC at the Securities and Exchange Commission's website at http://www.sec.gov. The revised definitive proxy statement (when available) and such other documents may also be obtained free of charge by directing a request to Investor Relations, United American Healthcare Corporation, 300 River Place Suite 4950, Detroit, Michigan, 48207, telephone: (313) 393-4571, or on UAHC's website at www.uahc.com.

UAHC, its directors, executive officers and certain other members of its management and employees and other third parties, may be deemed to be participants in the solicitation of proxies from UAHC's shareholders in connection with the Annual Meeting of Shareholders. Information concerning all of UAHC's participants in the solicitation is included in the definitive proxy statement and will be included in the revised definitive proxy statement relating to the Annual Meeting of Shareholders when it becomes available.


'/>"/>
SOURCE United American Healthcare Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Ascension Orthopedics Implants First PyroCarbon Shoulder Device in United Kingdom
2. Medco Announces Agreement to Acquire United BioSource Corporation: A Global Medical Research and Scientific Services Leader to Advance Drug Safety and Knowledge
3. Pfenex Inc. Awarded Contract With the United States Federal Government Potentially Totaling Up to $18.8 Million to Develop a Robust Pfenex Expression Technology Based Process for the Production of Bulk Recombinant Protective Antigen (rPA) From Anthr
4. Oxford Finance Corporation and United Orthopedic Group, Inc. Close $20 Million Credit Facility
5. United American Healthcare Corporation Announces Change to Meeting Date for Annual Meeting of Shareholders
6. Amira Announces AM103 and AM803 Patent Grant in the United Kingdom
7. Kiadis Pharma Receives IND Approval From FDA to Start Pivotal Clinical Trial With ATIR(TM) in the United States
8. Pfizer Inc and GoIndustry DoveBid Partner to Auction Surplus Equipment from R&D Facilities Across the United States
9. United Seating & Mobility Launches New Company Website and E-Commerce Store at www.UnitedSeating.com
10. United American Healthcare Corporation Announces Acquisition of Pulse Systems, LLC
11. Pivotal Data for the Investigational Treatment PSD502 for Primary Premature Ejaculation in the United States to be Presented at Major Medical Meeting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... 5, 2016 --> ... states that the global active pharmaceuticals ingredients (APIs) market ... to reach US$185.9 bn by 2020. It is expected ... to 2020. The title of the report is "Active ... Geography, and by Therapeutic Area) - Global Industry Analysis, ...
(Date:2/5/2016)... England , February 5, 2016 ... --> Today, VoicePower Ltd - The Speech Recognition People, announced ... been deployed to improve patient care, reduce turnaround times and to ... Wirral CCG ,- VoicePower client since 2013 Challenge: ... Challenge: --> - Six doctors ,- Wirral CCG ...
(Date:2/4/2016)... , Feb. 4, 2016  The Senior Care ... Government Reform Committee Chairman Jason Chaffetz ... holding today,s hearing , "Developments in the ... increases and growing questions about abusive pharmacy benefit ... (R-UT) and Ranking Member Elijah Cummings (D-MD) ...
Breaking Medicine Technology:
(Date:2/5/2016)... ... ... The event is being held on April 7, 2016 from 5:30 p.m. ... Parkinson’s will fund nearly $100,000 for research for the care and cure of Parkinson’s ... is the architect of this informative event to raise awareness and funds for Parkinson’s. ...
(Date:2/5/2016)... ... ... After years as an active staff surgeon and having served as the ... Carman transitioned to chief of the Division of Plastic Surgery at what is now ... and began a second three-year term in January of 2016. , The original selection ...
(Date:2/5/2016)... ... 05, 2016 , ... Regular gym users know the routine: each January, they ... access the treadmills. It’s a predictable trend. After the excesses of November and December, ... shape by joining gyms, starting new walking or running routines, or signing up for ...
(Date:2/5/2016)... ... February 05, 2016 , ... Dr. Justin Scott and Dr. Lydia Muccioli ... Cost Dental Day to individuals in need. The event is scheduled to take place ... Dental Day is to provide dental care to community members in need. Each patient ...
(Date:2/5/2016)... ... ... Health and wellness is a topic that should concern all Americans; however, ... an illness. Migraines are a severe form of a headache and often are accompanied ... the pain on their worst enemy, the feeling can last for many hours and ...
Breaking Medicine News(10 mins):