Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cross Country Healthcare, Inc.    CCRN

CROSS COUNTRY HEALTHCARE, INC.

(CCRN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

CROSS COUNTRY HEALTHCARE INC : Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2019 | 02:48pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



Effective April 15, 2019 Stephen A. Saville became employed by Cross Country Healthcare, Inc. ("Cross Country" or the "Company") as its Executive Vice President of Operations.

Prior to joining Cross Country, Mr. Saville, 52, served as the President of CareerStaff Unlimited, a national healthcare workforce solutions organization, from March 2016 through April 2019, and he served as Senior Vice President of Workforce Solutions for its affiliate, Genesis Healthcare, from July 2017 through April 2019. From March 2015 through March 2016, Mr. Saville provided operational consulting services to various private equity firms. Mr. Saville held various leadership positions within the portfolio companies of OGH, Inc., a holding company focused on healthcare workforce solutions and digital and creative marketing, including, Executive Vice President, Corporate Development and General Counsel from January 2014 through January 2015; President and Chief Executive Officer of Medefis, Inc. from September 2010 through January 2014; and from 2004 through September of 2010, Mr. Saville served as Senior Vice President, Chief Sales Officer and General Counsel. Mr. Saville earned a Bachelor of Science in Business Administration and a Bachelor of Arts in Political Science from Cabrini University and his JD from Widener University.

Mr. Saville has executed an offer letter with the Company which provides for an annual base salary of $430,000 (the "Base Salary). The Base Salary will be reviewed on an annual basis by the Company's Compensation Committee which will consider in its sole discretion whether to increase the Base Salary. Mr. Saville will be eligible to participate in the Company's annual bonus plan with a target bonus of 75% of Base Salary, based on achieving performance goals to be established by the Compensation Committee. In addition, for each calendar year during the term, Mr. Saville will be eligible to participate in the Company's long term incentive plan and receive awards valued at 75% of Base Salary. Such awards will be upon terms and conditions determined by the Compensation Committee. Mr. Saville is also eligible to participate in all other benefit plans and fringe benefit arrangements available to the Company's senior executives.

If Mr. Saville's employment is terminated by the Company without cause (as defined in the offer letter) or if Mr. Saville terminates his employment for good reason (as defined in the offer letter) he will be entitled to a severance payment equal to the sum of (i) any unpaid Base Salary through the date of termination; (ii) reimbursement for unreimbursed business expenses incurred through the termination date, (iii) payment of unused vacation and sick time in accordance with the Company's policy; (iv) all other applicable compensation arrangement or benefit, equity or fringe benefit plan or program or grant pursuant to the terms and conditions of such plans; and continued payments of Base Salary in effect at the time of termination in accordance with the Company's regular payroll practices for a period of twelve months following the date of termination (the "Severance Payments").

Mr. Saville will be entitled to participate in the Company's Executive Severance Plan Amended and Restated as of May 28, 2019; provided, however, that if he is or becomes eligible to receive severance benefits under such plan, he will cease to be eligible for Severance Payments and the Company's sole obligation will be to pay him the amounts and benefits provided in the Executive Severance Plan subject to the terms and conditions thereof.

During Mr. Saville's employment and for a period of one year thereafter, he may not, among other things, compete with the Company in any jurisdiction in which the Company's business is conducted nor may he intentionally interfere with the Company's relationship with any of its suppliers, customers or employees.

Item 8.01 Other Events.

Incorporated by reference is a press release issued by the Company on April 16, 2019 and attached hereto as Exhibit 99.1. This information is being furnished under Item 8.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section.

Item 9.01 Financial Statements and Exhibits




 (d) Exhibits




     Exhibit     Description

       10.1        Offer Letter by and between Cross Country Healthcare, Inc. and
                 Stephen Saville

       99.1        Press Release issued by the Company on April 16, 2019

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CROSS COUNTRY HEALTHCARE,
09/05CROSS COUNTRY HEALTHCARE : Introduces New Brand Identity for Cejka Executive Sea..
PR
08/13CROSS COUNTRY HEALTHCARE : Medical Doctor Associates Rebrands as Cross Country L..
PR
08/01CROSS COUNTRY HEALTHCARE : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CON..
AQ
08/01CROSS COUNTRY HEALTHCARE INC : Results of Operations and Financial Condition, Re..
AQ
07/31CROSS COUNTRY : 2Q Earnings Snapshot
AQ
07/31CROSS COUNTRY HEALTHCARE : Announces Second Quarter 2019 Financial Results
BU
07/12CROSS COUNTRY HEALTHCARE INC : Other Events (form 8-K)
AQ
07/11CROSS COUNTRY HEALTHCARE : Announces Second Quarter 2019 Earnings Release Date a..
BU
07/02CROSS COUNTRY HEALTHCARE : Merges Permanent Search Recruitment Brands, Introduce..
PR
06/11CROSS COUNTRY HEALTHCARE : Announces New Corporate Identity and Enhanced Website..
PR
More news
Financials (USD)
Sales 2019 806 M
EBIT 2019 5,81 M
Net income 2019 -40,9 M
Debt 2019 63,2 M
Yield 2019 -
P/E ratio 2019 -8,91x
P/E ratio 2020 54,3x
EV / Sales2019 0,56x
EV / Sales2020 0,51x
Capitalization 385 M
Chart CROSS COUNTRY HEALTHCARE, INC.
Duration : Period :
Cross Country Healthcare, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CROSS COUNTRY HEALTHCARE,
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 9,70  $
Last Close Price 10,43  $
Spread / Highest target 5,47%
Spread / Average Target -7,00%
Spread / Lowest Target -18,5%
EPS Revisions
Managers
NameTitle
Kevin C. Clark President, Chief Executive Officer & Director
Thomas C. Dircks Chairman
William J. Burns Chief Financial Officer & Executive Vice President
William G. Halnon Chief Information Officer
Richard M. Mastaler Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CROSS COUNTRY HEALTHCARE, INC.42.29%385
RANDSTAD N.V.15.49%9 331
ADECCO GROUP22.45%9 197
ROBERT HALF INTERNATIONAL-2.31%6 455
MANPOWERGROUP INC.32.58%5 133
PERSOL HOLDINGS CO LTD41.58%4 947