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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Quality Systems, Inc. (delisted) | NASDAQ:QSII | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.36 | 22.34 | 22.37 | 0 | 01:00:00 |
CALIFORNIA
(State or other jurisdiction of
incorporation)
|
001-12537
(Commission File Number)
|
95-2888568
(IRS Employer
Identification Number)
|
⃞
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
⃞
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
⃞
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
⃞
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
•
|
The Company will pay Mr. Morefield a lump sum separation payment of $450,333.
|
•
|
Provided that Mr. Morefield makes a timely election for continued coverage pursuant to COBRA, the Company will reimburse Mr. Morefield for his and his applicable dependent(s)’ continued coverage under the Company’s group health care plan until April 15, 2018 (or until such earlier date as Mr. Morefield becomes eligible for coverage under another employer’s group health care plan).
|
•
|
Subject to the Company’s attainment of applicable performance goals for the fiscal year ending March 31, 2017, Mr. Morefield is eligible to receive a cash payment equal to the value of his cash bonus payable under the Company’s fiscal year 2017 compensation program that is tied to the Company’s fiscal year 2017 performance.
|
•
|
Mr. Bostick shall be paid an annual base salary of $400,000.00.
|
•
|
Mr. Bostick is eligible to receive a fiscal year 2017 cash bonus of up to 60% of his base salary, subject to the Company’s attainment of the financial objectives and achievement of certain performance targets established under the Company’s Management Incentive Plan, provided that Mr. Bostick continues to be employed by the Company on the date such bonus is payable.
|
•
|
Mr. Bostick and his family are eligible to participate in the Company’s health and welfare benefit plans to the same extent generally applicable to all executive officers of the Company.
|
•
|
Mr. Bostick is entitled to three weeks of paid vacation leave per year, and to accrue a maximum of six weeks of paid vacation leave.
|
Exhibit No.
|
|
Description
|
10.1
|
|
Separation Agreement and General Release, dated March 31, 2017, between Daniel J. Morefield and Quality Systems, Inc.
|
99.1
|
|
Press release dated April 4, 2017.
|
|
|
|
Date: April 4, 2017
|
QUALITY SYSTEMS, INC.
|
|
|
By:
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/s/ Jocelyn A. Leavitt
|
|
|
Jocelyn A. Leavitt
|
|
|
Executive Vice President, General Counsel and Secretary
|
Exhibit No.
|
|
Description
|
10.1
|
|
Separation Agreement and General Release, dated March 31, 2017, between Daniel J. Morefield and Quality Systems, Inc.
|
99.1
|
|
Press release dated April 4, 2017.
|
|
|
|
1 Year Quality Systems Chart |
1 Month Quality Systems Chart |
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