0001363851-11-000051.txt : 20111215 0001363851-11-000051.hdr.sgml : 20111215 20111215101905 ACCESSION NUMBER: 0001363851-11-000051 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111214 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20111215 DATE AS OF CHANGE: 20111215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SXC Health Solutions Corp. CENTRAL INDEX KEY: 0001363851 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 752578509 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52073 FILM NUMBER: 111262546 BUSINESS ADDRESS: STREET 1: 2441 WARRENVILLE ROAD STREET 2: SUITE 610 CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 630-577-3100 MAIL ADDRESS: STREET 1: 2441 WARRENVILLE ROAD STREET 2: SUITE 610 CITY: LISLE STATE: IL ZIP: 60532 FORMER COMPANY: FORMER CONFORMED NAME: SXC Health Solutions Inc. DATE OF NAME CHANGE: 20090324 FORMER COMPANY: FORMER CONFORMED NAME: SXC Health Solutions Corp. DATE OF NAME CHANGE: 20070712 FORMER COMPANY: FORMER CONFORMED NAME: Systems Xcellence Inc. DATE OF NAME CHANGE: 20060524 8-K 1 retirementandreplacement8k.htm Retirement and replacement 8K


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 14, 2011
 
 
SXC HEALTH SOLUTIONS CORP.
(Exact name of registrant as specified in charter)
  
000-52073
(Commission File Number)

 
 
 
 
 
Yukon Territory, Canada
 
 
 
75-2578509
(State or Other Jurisdiction of Incorporation)
 
 
 
(IRS Employer Identification Number)

2441 Warrenville Road, Suite 610
Lisle, Illinois 60532-3246
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (800) 282-3232
 
 
  
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 (see General Instruction A.2. below):
 
q
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
q
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
q
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
q
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
  






Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 14, 2011, as previously reported, Terrence C. Burke retired from the Board of Directors (the “Board”) of SXC Health Solutions Corp. (“SXC”). Mr. Burke served as a director and member of the Compensation and Nominating Committees.
On the same date, Peter J. Bensen was appointed to the Board to hold office until the next annual meeting of shareholders. Mr. Bensen has been a senior member of the financial team at McDonald's Corporation since 1996, including serving as Corporate Senior Vice President-Controller from April 2007 through December 2007 and Corporate Vice President-Assistant Controller from February 2002 through March 2007, and has served as its Corporate Executive Vice President and Chief Financial Officer since January 2008. Prior to joining McDonald's Corporation, Mr. Bensen was a senior manager at Ernst & Young.
Mr. Bensen has been named to the Compensation and Nominating Committees. It is expected that Mr. Bensen will receive standard compensation arrangements for non-employee directors which, as of the date of this report, includes an annual retainer of $50,000, a fee of $5,000 for each committee on which he serves and an annual time-based restricted stock unit grant.
On December 15, 2011, SXC issued a press release confirming Mr. Burke's retirement and the appointment of Mr. Bensen, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits
 
Exhibit No.
 
Description
99.1
  
Press release of SXC Health Solutions Corp. issued December 15, 2011

































SIGNATURE
Pursuant to the requirement 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.
Dated: December 15, 2011
 
 
 
 
SXC HEALTH SOLUTIONS CORP.
 
 
By:
 
/s/ Jeffrey Park
 
 
Name: Jeffrey Park
Title: Executive Vice President and
           Chief Financial Officer














































EXHIBIT INDEX

Exhibit No.
 
Description
99.1
  
Press release of SXC Health Solutions Corp. issued December 15, 2011





EX-99.1 2 exhibit991pressrelease.htm PRESS RELEASE Exhibit 99.1 Press release


SXC Health Solutions

SXC Health Solutions Appoints Pete Bensen
to its Board of Directors

LISLE, IL, December 15, 2011 - SXC Health Solutions Corp. (“SXC” or the “Company”) (NASDAQ: SXCI, TSX: SXC), a leading provider of technology and pharmacy benefit management (PBM) services, today announced that it has appointed Mr. Pete Bensen, Executive Vice President and Chief Financial Officer of McDonald's Corporation, to SXC's Board of Directors. Mr. Bensen will replace Mr. Terry Burke who is retiring and will sit on the Compensation and the Nominating Committees. These changes are effective as of December 14, 2011.

“Our ability to attract someone with the experience and skill set of Pete Bensen speaks to the opportunity ahead of us at SXC. His large-scale leadership and financial experience will make him a great asset to SXC as we execute on our growth strategy,” said Mr. Mark Thierer, Chairman and CEO of SXC Health Solutions. “Terry Burke has been an integral member of our Board of Directors as we have grown from a Health Care IT company into a leader within the mid-market PBM sector. On behalf of the Company, I would like to thank Terry for his contribution, strategic counsel and leadership.”

Pete Bensen has held the position of Executive Vice President and Chief Financial Officer of McDonald's Corporation since 2008. Mr. Bensen was recently recognized as the 2011 CFO of the Year by the Chicago chapter of Financial Executives International and he is a member of the Board of Trustees for the John G Shedd aquarium.

About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and Health Care Information Technology (HCIT) solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of PBM services and software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as health plans, employers, federal, provincial, and, state and local governments, pharmacy benefit managers, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with multiple locations in the US and Canada.

For more information please visit www.sxc.com.


Tony Perkins
Investor Relations
SXC Health Solutions Corp.
Tel: (630) 577-4871
tony.perkins@sxc.com