-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IF+7yhOeHY8qvMPgs7ZMAi4tExgApyMviZEGLRec2Ezjcdj7Gtytr3dpsboVOfgb vLl/Nw/6NAARuxkt0KRT2Q== 0000950144-08-003721.txt : 20080507 0000950144-08-003721.hdr.sgml : 20080507 20080507132927 ACCESSION NUMBER: 0000950144-08-003721 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080507 DATE AS OF CHANGE: 20080507 EFFECTIVENESS DATE: 20080507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PSYCHIATRIC SOLUTIONS INC CENTRAL INDEX KEY: 0000829608 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 232491707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20488 FILM NUMBER: 08809162 BUSINESS ADDRESS: STREET 1: 113 SEABOARD LANE STREET 2: SUITE C-100 CITY: FRANKLIN STATE: TN ZIP: 37067 BUSINESS PHONE: 615-312-5700 MAIL ADDRESS: STREET 1: 113 SEABOARD LANE STREET 2: SUITE C-100 CITY: FRANKLIN STATE: TN ZIP: 37067 FORMER COMPANY: FORMER CONFORMED NAME: PMR CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ZARON CAPITAL INC DATE OF NAME CHANGE: 19891116 DEFA14A 1 g13299defa14a.htm PSYCHIATRIC SOLUTIONS, INC. Psychiatric Solutions, Inc.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14A
(Rule 14a-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
     
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  Preliminary Proxy Statement
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  Definitive Proxy Statement
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  Definitive Additional Materials
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  Soliciting Material Pursuant to Rule 14a-11(c) and Rule 14a-12
PSYCHIATRIC SOLUTIONS, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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(PSI LOGO)
6640 Carothers Parkway
Suite 500
Franklin, Tennessee 37067
     As disclosed in a proxy statement dated April 10, 2008, the 2008 Annual Meeting of Stockholders (the “Annual Meeting”) of Psychiatric Solutions, Inc. (the “Company”) is to be held on Tuesday, May 20, 2008, at 8:00 a.m. (Central Time), at the Company’s executive offices located at 6640 Carothers Parkway, Suite 500, Franklin, Tennessee 37067. Proposal 2 included in the proxy statement distributed by the Company in connection with the Annual Meeting relates to a proposed amendment to the Psychiatric Solutions, Inc. Equity Incentive Plan (the “Equity Incentive Plan”). As described in the proxy statement, the sole purpose of the amendment to the Equity Incentive Plan is to increase the number of shares of Common Stock subject to grant under the Equity Incentive Plan by 2,000,000.
     In connection with the proposed amendment to the Equity Incentive Plan, the Company’s Compensation Committee has adopted a policy that provides that beginning with 2008 and for the years ended December 31, 2008, 2009 and 2010, the Company’s prospective three-year average burn rate with respect to its equity awards will not exceed the greater of two percent of its shares outstanding or the mean and one standard deviation of its Global Industry Classification Standards Peer Group (351020 – Health Care Equipment and Services) of 4.57 percent. This policy will apply to shares issued pursuant to the Psychiatric Solutions, Inc. Outside Directors Non-Qualified Stock Option Plan and the Equity Incentive Plan. For the purposes of calculating the three-year average burn rate, each restricted stock (unit) or stock award or any forms of full-value awards granted under the Company’s equity plans will be counted as 2.5 award shares. The burn rate will be calculated as (i) the number of equity awards granted in each fiscal year by the Compensation Committee to employees and directors, excluding awards granted to replace securities assumed in connection with a business combination transaction, divided by (ii) the weighted basic shares outstanding.

 

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