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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 15, 2007
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LHC GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware 8082 71-0918189
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
420 West Pinhook Rd., Suite A
Lafayette, LA 70503
(Address of Principal Executive Offices, including Zip Code)
(337) 233-1307
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On August 15, 2007, LHC Group, Inc. (the "Company"), entered into a
Severance and Consulting Agreement (the "Agreement") with Barry E. Stewart. Mr.
Stewart announced his resignation as Executive Vice President and Chief
Financial Officer on August 15, 2007. The Agreement provides for Mr. Stewart to
receive an aggregate amount of $1,072,705 to be paid in monthly installments
over twenty four months beginning September 1, 2007. Although the amount owed to
Mr. Stewart will be paid out over 24 months, applicable accounting rules will
require the Company to take a pre-tax charge in the third quarter of 2007 for
substantially all of the $1,072,705. The exact amount of the charge in the third
quarter of 2007 is still being determined by the Company.
The above description of the Agreement is a summary and is qualified in its
entirety by the Agreement itself, which is filed as Exhibit 10.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
A copy of the Agreement is attached as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LHC GROUP, INC.
By: /s/ Keith G. Myers
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Keith G. Myers
President and Chief Executive
Officer
Dated: August 15, 2007
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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10.1 Consulting and Severance Agreement, dated August 15,
2007, between LHC Group, Inc. and Barry E. Stewart.