UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December 21, 2015
FIVE STAR QUALITY CARE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
1-16817 |
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04-3516029 |
(Commission File Number) |
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(IRS Employer Identification No.) |
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400 Centre Street, Newton, Massachusetts |
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02458 |
(Address of Principal Executive Offices) |
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(Zip Code) |
617-796-8387
(Registrants Telephone Number, Including Area Code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
In this Current Report on Form 8-K, the Company refers to Five Star Quality Care, Inc.
Item 7.01. Regulation FD Disclosure.
On December 21, 2015, the Company responded to the Schedule 13D, as amended, filed by William F. Thomas and the related correspondence filed as exhibits thereto. A copy of the Companys response is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Letter dated December 21, 2015.
SIGNATURES
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.
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FIVE STAR QUALITY CARE, INC. | |
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By: |
/s/ Bruce J. Mackey Jr. |
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Name: |
Bruce J. Mackey Jr. |
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Title: |
President and Chief Executive Officer |
Date: December 21, 2015
Exhibit 99.1
December 21, 2015
Mr. William Thomas
Senior Star
1516 S. Boston Avenue, Suite 301
Tulsa, OK 74119
Dear Mr. Thomas:
The Five Star Board of Directors has directed me to respond to public announcements you have made in the S.E.C. Schedule 13D filed December 2, 2015, as amended on December 15, 2015, and in your letters, dated December 15, 2015, to Bruce Mackey and to Barry Portnoy.
After careful review of your public filings and your letters, the Board unanimously determined to re-iterate the preliminary reactions provided to you on November 30, 2015: Five Stars owned assets are not for sale.
The Five Star Board considers that the best way to improve the trading value of Five Stars securities is to focus on improving earnings. The earnings from Five Stars owned communities are an important part of Five Stars future. The continued ownership of a significant number of communities provides a stable base for Five Stars current and future operations. Five Stars current business plan is to expand the number of owned communities, rather than to dispose of owned properties.
As was explained to you, many of the business initiatives which you have suggested are already being undertaken and they do not require Five Stars sale of its owned communities. The Five Star Board understands that selling Five Stars owned communities to a competitor company which you own or control may benefit you, but the Board does not believe selling these communities at this time will serve the best interests of Five Star or its shareholders.
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Very truly yours, |
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/s/ Jennifer B. Clark |
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Jennifer B. Clark |
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Secretary |