Health Management Stockholders Resoundingly Vote in Favor of Compensation, Re-Elect Directors
Votes exceed 92% for compensation plan, all nine directors
NAPLES, Fla.--(BUSINESS WIRE)-- Stockholders of Health Management Associates, Inc., (NYSE:HMA) overwhelmingly registered their confidence in the Company in a series of votes recorded today at its annual meeting of stockholders in Naples, Fla.
Health Managements advisory vote on executive compensation was overwhelmingly approved with a vote of more than 92%. Stockholders also re-elected each of Health Managements nine directors and approved Ernst & Young LLP as the Companys auditors, by similarly overwhelming majorities 94% or greater.
At a time when many companies are struggling to retain the trust of their stockholders, we appreciate these resounding votes of confidence from our stockholders today, said William J. Schoen, Chairman of Health Managements Board of Directors.
Immediately following the annual meeting, Health Management hosted a ceremony to honor our nations veterans, reservists and active military personnel in observance of Memorial Day. Mr. Schoen, a retired member of the U.S. Marine Corp, led the ceremony, which included honorees from the Wounded Warrior Project, which assists severely injured service members. In 2011, the Department of Defense recognized Health Managements support of Guard and Reserve employees while they are on military duty with the departments Above and Beyond award.
The Above and Beyond award is given to employers who provide outstanding support to their Guard and Reserve employees while they are on military duty.
Health Management enables America's best local health care by providing the people, processes, capital and expertise necessary for its hospital and physician partners to fulfill their local missions of delivering superior health care services. Health Management, through its subsidiaries, operates 71 hospitals, with approximately 10,600 licensed beds, in non-urban communities located throughout the United States.
All references to "Health Management" and the Company used in this release refer to Health Management Associates, Inc. and its affiliates.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," intends, "plans," may, continues, should, "could" and other similar words. All statements addressing operating performance, events or developments that Health Management Associates, Inc. expects or anticipates will occur in the future, including but not limited to incurrence of indebtedness, projections of revenue, income or loss, capital expenditures, earnings per share, debt structure, bad debt expense, capital structure, repayment of indebtedness, the amount and timing of funds under the meaningful use measurement standard of various Healthcare Information Technology (HCIT) incentive programs, other financial items and operating statistics, statements regarding the plans and objectives of management for future operations, innovations, or market service development, statements regarding acquisitions, joint ventures, divestitures and other proposed or contemplated transactions (including but not limited to statements regarding the potential for future acquisitions and perceived benefits of acquisitions), statements of future economic performance, statements regarding legal proceedings and other loss contingencies, statements regarding market risk exposures, statements regarding the effects and/or interpretations of recently enacted or future health care laws and regulations, statements of the assumptions underlying or relating to any of the foregoing statements, and other statements which are other than statements of historical fact, are considered to be "forward-looking statements."
Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Health Management Associates, Inc.'s most recent Annual Report on Form 10-K, under the heading entitled "Risk Factors." Should one or more of these risks or uncertainties materialize, or should any of Health Management Associates, Inc.'s underlying assumptions prove incorrect, actual results could vary materially from those currently anticipated. In addition, undue reliance should not be placed on Health Management Associates, Inc.'s forward-looking statements. Except as required by law, Health Management Associates, Inc. disclaims any obligation to update its risk factors or to publicly announce updates to the forward-looking statements contained in this press release to reflect new information, future events or other developments.
Health Management Associates, Inc.
John C. Merriwether, 239-598-3131
Vice President of Financial Relations
Source: Health Management Associates, Inc.Copyright Business Wire 2012