AdCare Health Systems Inc. Declares Cash Dividend, Payable on April 30, 2015; Announces Management Changes
The Board of Directors made the following changes to its corporate governance: appointed Bill McBride as Chairman of the Board, effective March 25, 2015. McBride will retain his position as Chief Executive Officer and will relinquish his position as President. David Tenwick, the company's former Chairman of the Board and founder, will continue as a Director. Michael Fox will serve as the Lead Independent Director. Effective April 1, 2015, Peter Hackett will resign as a Director after serving in this position since May 2005. Effective April 1, 2015, Allan J. Rimland is joining the company as President and Chief Financial Officer.