Item 5.02 Departure of Directors or Certain Officers: Election of Directors:
Appointment of Certain Officers: Compensatory Arrangements of Certain
Officers.
On January 10, 2022, ModivCare Inc., a Delaware corporation (the "Company"),
announced that, effective immediately, Jason E. Anderson has been promoted to
lead the Company's new, reorganized home-based services division, Modivcare
Home, which is composed of the Company's personal care, remote patient
monitoring and nutritional meal delivery services. Mr. Anderson has been serving
as the Chief Executive Officer of the Company's remote patient monitoring
business since the Company's acquisition of VRI Intermediate Holdings, LLC
("VRI") in September 2021, where he had been serving prior to the acquisition as
its Chief Executive Officer since 2017.
On January 4, 2022, the Company's Chief Operating Officer, Kenneth W. Wilson,
departed the Company. As a result of the Company's internal management
reorganization initiatives announced today, which includes the promotion of Mr.
Anderson, no replacement is being sought for a named Chief Operating Officer.
L. Heath Sampson, the Company's Chief Financial Officer, will lead the Company's
non-emergency medical transportation business on an interim basis while the
Company searches for a permanent leader.
Mr. Anderson, age 49, has been serving as the Chief Executive Officer of the
Company's VRI subsidiary, which comprises its remote patient monitoring
business, since its acquisition in September 2021. Prior to the acquisition,
Mr. Anderson served as VRI's Chief Executive Officer from 2017 to 2021, and he
served as its President and Chief Operating Officer prior to that time from 2015
to 2017. Prior to joining VRI, Mr. Anderson was the Senior Vice President of
Sales and Field Operations for Pacific Pulmonary Services (PPS), where he was
integral to transforming the company from a small, regional durable medical
equipment provider into a national durable medical equipment provider. Prior to
joining the private sector, Mr. Anderson served as the Assistant Deputy Mayor
for the City of Los Angeles, California. Mr. Anderson received his Bachelor of
Business Administration degree in Finance from the University of Notre Dame and
Master of Business Administration degree from the Stanford Graduate School of
Business.
Mr. Anderson has no family relationships with any of the Company's directors or
executive officers, and there have been no related party transactions between
the Company and Mr. Anderson reportable under Item 404(a) of Regulation S-K.
On January 10, 2022, the Company issued a press release regarding the Company's
new division, Modivcare Home, and Mr. Anderson's promotion, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release of the Company
104 Cover Page Interactive Data File (embedded within Inline XBRL
document).
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