sec document
As filed with the Securities and Exchange Commission on August 22, 2005
Registration No. 333-
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
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HEALTHCARE SERVICES GROUP, INC.
PENNSYLVANIA 23-2018365
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3220 TILLMAN DRIVE,
GLENVIEW CORPORATE CENTER, SUITE 300
BENSALEM, PENNSYLVANIA 19020 19020
(Address of principal executive offices) (Zip Code)
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2002 STOCK OPTION PLAN
(Full Title of the Plan)
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DANIEL P. MCCARTNEY
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
HEALTHCARE SERVICES GROUP, INC.
3220 TILLMAN DRIVE,
GLENVIEW CORPORATE CENTER, SUITE 300
BENSALEM, PENNSYLVANIA 19020
(Name and Address of agent for service)
(215) 639-4274
(Telephone number, including area code, of agent for service)
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WITH A COPY TO:
VICTOR M. ROSENZWEIG, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
PARK AVENUE TOWER
65 EAST 55TH STREET
NEW YORK, NEW YORK 10022
(212) 451-2300
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Approximate date of proposed sales pursuant to the plan:
FROM TIME TO TIME AFTER THE EFFECTIVE DATE OF THIS REGISTRATION STATEMENT.
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CALCULATION OF REGISTRATION FEE
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Proposed Proposed
maximum maximum
Title of Amount offering aggregate Amount of
securities to be price offering registration
to be registered registered per share price fee
Common Stock 1,500,000 shares (1)(2) $ 16.86 $ 25,290,000 $ 2,976.64
$.01 par value
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(1) There are also registered hereby such indeterminate number of shares of
Common Stock, $.01 par value (the "Common Stock") of Healthcare Services Group,
Inc. (the "Company") as may become issuable by reason of the applicability of
the anti-dilution provisions of the 2002 Stock Option Plan (the "2002 Plan") of
the Company. On March 1, 2004 the Company consummated a three-for-two stock
split in the form of a 50% stock dividend to the holders of record of the
Company's Common Stock at the close of business on February 12, 2004 (the "March
2004 Stock Split"). On May 2, 2005, the Company consummated a three-for-two
stock split in the form of a 50% stock dividend to the holders of record of the
Company's Common Stock at the close of business on April 29, 2005 (the "May 2005
Stock Split" together with the March 2004 Stock Split are the "Stock Splits").
All share information in this Registration Statement and the Prospectus
contained herein has been adjusted to reflect the Stock Splits.
(2) Consists of 1,500,000 additional shares of Common Stock of the Company
issuable upon exercise of options under the 2002 Plan.
(3) None of the 1,500,000 options relating to shares of Common Stock that are
being registered in this Registration Statement have been granted. Pursuant to
Rule 457(g) and (h) of the Securities Act of 1933, as amended (the "Securities
Act"), the offering price for the shares which may be issued under the 2002 Plan
is estimated solely for the purpose of determining the registration fee and is
based on the average of the high and low prices of the Company's Common Stock
($16.86) as reported by the Nasdaq National Market on August 16, 2005.
(4) A registration fee was previously paid for the registration of 2,362,500
shares under the 2002 Plan.
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EXPLANATORY NOTES
On November 7, 2002, the Company filed with the Securities Exchange
Commission a Registration Statement on Form S-8 (File No. 333-101063) covering
the registration of 1,125,000 shares of Common Stock authorized for issuance
under the 2002 Plan. On May 27, 2003, the Company's stockholders approved a
proposal to increase the number of shares available for issuance thereunder by
1,237,500. On July 28, 2003, the Company filed with the Securities Exchange
Commission a Registration Statement on Form S-8 (File No. 333-107467) covering
the registration of such 1,237,500 shares. On May 24, 2005 the Company's
stockholders approved a proposal to increase the number of shares available for
issuance under the 2002 Plan by 1,500,000. Accordingly, the total number of
shares of Common Stock available for issuance under the 2002 Plan is 3,862,500.
This Registration Statement registers the additional 1,500,000 shares of
the same class of Common Stock authorized for issuance under the 2002 Plan.
Pursuant to General Instruction E to Form S-8, the contents of the prior
registration statements set forth above relating to the 2002 Plan, and all
periodic reports that the Registrant filed after such registration statements to
maintain current information about the Registrant, are incorporated herein by
reference.
This Form S-8 includes a Reoffer Prospectus prepared in accordance with
Part I of Form S-3 under the Securities Act. The Reoffer Prospectus may be
utilized for reoffering and resales of shares of Common Stock acquired pursuant
to (i) the 2002 Plan, (ii) the Company's 1995 Incentive and Non-Qualified Stock
Option Plan and (iii) other grants of options to Non-Employee Directors.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The Company will provide documents containing the information specified in
Part 1 of Form S-8 to employees as specified by Rule 428(b)(1) under the
Securities Act. Pursuant to the instructions to Form S-8, the Company is not
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required to file these documents either as part of this Registration Statement
or as prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act.
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PROSPECTUS
1,526,929 SHARES
HEALTHCARE SERVICES GROUP, INC.
COMMON STOCK ($.01 PAR VALUE)
This prospectus relates to the reoffer and resale by certain selling
shareholders (the "Selling Shareholders") of shares of our common stock that may
be issued by us to the Selling Shareholders upon the exercise of stock options
granted under our 2002 Stock Option Plan, our 1995 Incentive and Non-Qualified
Stock Option Plan or pursuant to other grants of Options to Non-Employee
Directors. We previously registered the offer and sale of the shares to the
Selling Shareholders. This Prospectus also relates to certain underlying options
that have not as of this date been granted. If and when such options are granted
to persons required to use the prospectus to reoffer and resell the shares
underlying such options, we will distribute a prospectus supplement. The shares
are being reoffered and resold for the account of the Selling Shareholders and
we will not receive any of the proceeds from the resale of the shares.
The Selling Shareholders have advised us that the resale of their shares
may be effected from time to time in one or more transactions on the Nasdaq
National Market, in negotiated transactions or otherwise, at market prices
prevailing at the time of the sale or at prices otherwise negotiated. See "Plan
of Distribution." We will bear all expenses in connection with the preparation
of this prospectus.
Our common stock is listed on the Nasdaq National Market. On August 19,
2005, the closing price for our Common Stock, as reported by the Nasdaq National
Market was $17.93.
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This investment involves risk. See "Risk Factors" beginning at page 5.
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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS DETERMINED WHETHER THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. THEY
HAVE NOT MADE, NOR WILL THEY MAKE, ANY DETERMINATION AS TO WHETHER ANYONE SHOULD
BUY THESE SECURITIES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus is August 22, 2005.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and special reports, proxy statements and other
information with the Securities and Exchange Commission (the "SEC"). You may
read and copy any document we file at the SEC's public reference room located at
Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. You may obtain
further information on the operation of the public reference room by calling the
SEC at 1-800-SEC-0330. Our SEC filings are also available to the public over the
Internet at the SEC's web site at http://www.sec.gov. You may also request
copies of such documents, upon payment of a duplicating fee, by writing to the
SEC at 450 Fifth Street, N.W., Washington, D.C. 20549.
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TABLE OF CONTENTS
WHERE YOU CAN FIND MORE INFORMATION............................................2
INCORPORATION BY REFERENCE.....................................................4
ABOUT THIS PROSPECTUS..........................................................4
GENERAL INFORMATION............................................................5
RISK FACTORS...................................................................5
USE OF PROCEEDS................................................................7
SELLING SHAREHOLDERS...........................................................8
PLAN OF DISTRIBUTION..........................................................10
LEGAL MATTERS.................................................................11
ADDITIONAL INFORMATION........................................................11
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR
SECURITIES ACT LIABILITIES....................................................11
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INCORPORATION BY REFERENCE
The SEC allows us to "incorporate by reference" the information we file
with them, which means that we can disclose important information to you by
referring you to those documents. The information we incorporate by reference is
considered to be a part of this prospectus and information that we file later
with the SEC will automatically update and replace this information. We
incorporate by reference the documents listed below and any future filings we
make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities
Exchange Act of 1934, as amended:
(1) Our Annual Report on Form 10-K for the year ended December 31, 2004;
(2) Our Quarterly Reports on Form 10-Q for the quarters ended March 31,
2005 and June 30, 2005; and
(3) Our Application for Registration of our common stock on Form 8-A filed
April 30, 1984.
You may request a copy of these filings, excluding the exhibits to such
filings which we have not specifically incorporated by reference in such
filings, at no cost, by writing or telephoning us at the following address:
Healthcare Services Group, Inc.
Richard W. Hudson, Secretary
3220 Tillman Drive
Glenview Corporate Center, Suite 300
Bensalem, Pennsylvania 19020
(215) 639-4274
ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement we filed with the SEC.
You should rely only on the information provided or incorporated by reference in
this prospectus or any related supplement. We have not authorized anyone else to
provide you with different information. The Selling Stockholders will not make
an offer of these shares in any state where the offer is not permitted. You
should not assume that the information in this prospectus or any supplement is
accurate as of any other date than the date on the front of those documents.
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GENERAL INFORMATION
We provide housekeeping, laundry, linen, facility maintenance and food
services to the health care industry, including nursing homes, retirement
complexes, rehabilitation centers and hospitals located throughout the United
States. We believe that we are the largest provider of housekeeping and laundry
services to the long-term care industry in the United States, rendering such
services to approximately 1,700 facilities in 43 states and Canada as of June
30, 2005.
Our principal executive offices are located at 3220 Tillman Drive, Glenview
Corporate Center, Suite 300, Bensalem, Pennsylvania 19020. Our telephone number
at such location is (215) 639-4274.
The Shares offered hereby were or will be purchased by the Selling
Shareholders upon exercise of options granted to them and will be sold for the
account of the Selling Shareholders.
RISK FACTORS
GENERAL - CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS.
The purchase of our common stock involves a high degree of risk. You should
carefully consider the following risk factors and the other information in this
prospectus or information in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2004 (the "10-K") and our Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2005 and June 30, 2005 (the "10-Qs") before
deciding to invest in our Common Stock. Certain matters discussed in this report
or in the 10-K or 10-Qs include forward-looking statements that are subject to
risks and uncertainties that could cause actual results or objectives to differ
materially from those projected. We undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Such risks and uncertainties include,
but are not limited to, risks arising from our providing services exclusively to
the health care industry, primarily providers of long-term care; credit and
collection risks associated with this industry; one client accounting for
approximately 19% of revenues for the six months ended June 30, 2005 (such
client's Board of Directors voted to conduct an auction to sell the company,
which is anticipated to be completed by year-end); our claims experience related
to workers' compensation and general liability insurance; the effects of changes
in, or interpretation of laws and regulations governing the industry, including
state and local regulations pertaining to the taxability of our services; and
the risks specified below. Additionally, our operating results would be
adversely affected if unexpected increases in the costs of labor, materials,
supplies and equipment used in performing our services could not be passed on to
clients. In addition, we believe that to improve our future financial
performance we must continue to obtain service agreements with new clients,
provide new services to existing clients, achieve modest price increases on
current service agreements with existing clients and maintain internal cost
reduction strategies at our various operational levels. Furthermore, we believe
that our ability to sustain the internal development of managerial personnel is
an important factor impacting future operating results and successfully
executing projected growth strategies.
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THE PHASING IN OF A MEDICARE PROSPECTIVE PAYMENT SYSTEM HAS ADVERSELY AFFECTED
OUR CLIENTS.
Our clients are subject to governmental regulation. Congress has enacted
three major laws during the past several years that have significantly altered
government payment procedures and amounts for nursing home services. They are
the Balanced Budget Act of 1997 (the "BBA"), the Medicare Balanced Budget
Refinement Act of 1999 ("BBRA") and the Benefit Improvement and Protection Act
of 2000 ("BIPA").
Under BBA, participating nursing facilities are reimbursed under a
prospective payment system referred to as PPS. Under PPS, nursing homes are paid
a predetermined amount per patient, per day based on the anticipated costs of
treating patients.
The overall effect of these laws, as well as other trends in the long term
care industry have and could adversely affect the liquidity of our clients
resulting in their inability to make payments to us on agreed upon payment
terms.
In November 1999, Congress passed BBRA which provided some relief (since
expired) for certain reductions in Medicare reimbursement caused by PPS.
The BBA included provisions affecting Medicaid and repealed the "Boren
Amendment" federal payment standard for Medicaid payments to nursing facilities.
With the repeal of the federal payment standards, there can be no assurance that
budget constraints or other factors will not cause states to reduce Medicaid
reimbursements to nursing homes or that payments to nursing homes will be made
on a timely basis. BIPA enacted a phase-out of certain governmental transfers
that may reduce federal support for a number of state Medicaid plans. The
reduced federal payments may impact aggregate available funds requiring states
to further contain payments to providers.
Although PPS directly affects how clients are paid for certain services, we
do not directly participate in any government reimbursement programs.
Accordingly, all of our contractual relationships with our clients continue to
determine the client's payment obligations to us. However, clients' revenues are
generally highly reliant on Medicare and Medicaid reimbursement funding rates.
Therefore, many clients have been, and continue to be, adversely affected by
PPS, and other trends in the long-term care industry which have resulted in
certain of our clients filing for bankruptcy protection. Others may follow.
The prospects for legislative relief are uncertain. We are unable to
estimate the ultimate impact of any changes in reimbursement programs affecting
our clients' future results of operations and/or its impact on our cash flows
and operations.
MAJOR CLIENT
We have one client, a nursing home chain, which for the six month period
ended June 30, 2005 and annual periods of 2004 and 2003 accounted for
approximately 19%, 20% and 23%, respectively, of consolidated revenues. With
respect to such client, we derived revenues from both operating segments. During
2005, this client's Board of Directors voted to conduct an auction to sell the
company, which sale is anticipated to be completed by year-end. Although we
expect to continue our relationship with this client, the loss of such client
would have a material adverse effect on the results of operation of our two
operating segments.
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OTHER BUSINESS RELATED RISKS
Our clients generally enter into service agreements with us which are
cancellable on short notice and we have encountered difficulty in collecting
amounts due from certain clients who have terminated service agreements as well
as clients who are in bankruptcy or slow payers experiencing financial
difficulties.
Substantially all of our agreements are full service agreements. These
agreements typically provide for a one-year term, cancellable by either party
upon 30 days' notice after the initial 90-day period. As of June 30, 2005, we
provided services to approximately 1,700 client facilities.
Although the service agreements are cancellable on short notice, we have
historically had a favorable client retention rate and expect to be able to
continue to maintain satisfactory relationships with our clients. The risks
associated with short-term agreements have not materially affected either our
linen and laundry service, which sometimes require a capital investment, or
laundry installation sales, which require us to finance the sales price. These
transactions have not been material in recent years.
From time to time, however, we encounter difficulty in collecting amounts
due from certain of our clients. Therefore, we have sometimes been required to
extend the period of payment for certain clients beyond contractual terms. These
clients include those in bankruptcy, those who have terminated service
agreements and slow payers experiencing financial difficulties. In order to
provide for these collection problems and the general risk associated with the
granting of credit terms, we have recorded bad debt provisions (i.e., an
Allowance for Doubtful Accounts) of $625,000, $3,700,000 and $4,550,000 in the
six months ended June 30, 2005 and the fiscal years ended December 31, 2004 and
2003, respectively. In addition to analyzing and anticipating, where possible,
the specific cases described above, we consider the general collection risks
associated with trends in the long-term care industry.
THERE IS STRONG COMPETITION TO PROVIDE SERVICE TO HEALTHCARE FACILITIES.
We compete primarily with the in-house support service departments of our
potential clients. Most health care facilities perform their own support service
functions without relying upon outside management firms like us. In addition, a
number of local firms compete with us in the regional markets in which we
conduct business. Several national service firms are larger and have greater
financial and marketing resources than us, although historically, such firms
have concentrated their marketing efforts on hospitals rather than the long-term
care facilities typically serviced by us. Although the competition to provide
service to health care facilities is strong, we believe that we compete
effectively for new agreements, as well as renewals of the existing agreements,
based upon the quality and dependability of our services and the cost savings we
believe we can usually implement for existing and new clients.
USE OF PROCEEDS
The Company will receive the exercise price of the options when exercised
by the holders thereof. Such proceeds will be used for working capital purposes
by the Company. The Company will not receive any of the proceeds from the
reoffer and resale of the Shares by the Selling Shareholders.
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SELLING SHAREHOLDERS
This Prospectus relates to the reoffer and resale of Shares issued or that
may be issued to the Shareholders (who are deemed to be affiliates) under the
2002 Stock Option Plan, the 1995 Incentive and Non-Qualified Stock Option Plan
or other grants to non-employee Directors.
The following table sets forth (i) the number of shares of Common Stock
beneficially owned by each Selling Shareholder at July 31, 2005 (ii) the number
of Shares of Common Stock to be offered for resale by each Selling Shareholder
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and (iii) the number and percentage of shares of Common Stock to be held by each
Selling Shareholder after completion of the offering:
Number of shares of
Common Stock/
Number of shares of Percentage of Class to be
Common Stock Number of Shares Owned After
Owned at July 31, to be Offered for Completion of the
Name 2005(1) Resale Offering
-------------------------------- ------------------------ ----------------- -------------------------
Daniel P. McCartney(2) 2,508,301(3) 528,411 1,979,890/7.1%
Joseph F. McCartney(4) 123,144(5) 82,505 40,639/*
Barton D. Weisman(6) 247,608(7) 91,695 155,913/*
Robert L. Frome(8) 56,447(9) 49,697 6,750/*
Thomas A. Cook(10) 544,637(11) 515,633 29,004/*
John M. Briggs(12) 93,805(13) 34,697 59,108/*
Robert J. Moss(14) 44,647(15) 44,647 ---
Brian Waters(16) 20,409(17) 15,001 5,408/*
James DiStefano(18) 135,159(19) 126,942 8,217/*
Richard Hudson(20) 53,530(21) 37,701 15,829/*
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* less than one percent
(1) A person is deemed to be the beneficial owner of voting securities that can
be acquired by such person within 60 days after July 31, 2005 upon the
exercise of options. Each beneficial owner's percentage ownership is
determined by assuming that options that are held by such person (but not
those held by any other person) and that are currently exercisable (i.e.,
that are exercisable within 60 days after July 31, 2005) have been
exercised. Unless otherwise noted, the Company believes that all persons
named in the table have sole voting and investment power with respect to
all shares beneficially owned by them.
(2) Daniel P. McCartney has been Chief Executive Officer and Chairman of the
Board of the Company since 1977.
(3) Includes incentive stock options to purchase 126,362 shares and
nonqualified stock options to purchase 402,049 shares and 21,653 shares
credited to Mr. McCartney's account (but unissued) in connection with the
Company's Deferred Compensation. Also includes an aggregate of 32,603
shares held by Mr. McCartney's minor child. Mr. McCartney disclaims
beneficial ownership of the shares held by his child. Mr. McCartney may be
deemed to be a "parent" of and deemed to control the Company, as such terms
are defined for purposes of the Securities Act of 1933, as amended (the
"Securities Act"), by virtue of his position as founder, director, Chief
Executive Officer and principal shareholder of the Company. Daniel P.
McCartney is the brother of Joseph F. McCartney.
(4) Joseph F. McCartney has been a Director of the Company since 1983 and
Regional Vice President of the Company for more than five (5) years.
(5) Includes incentive stock options to purchase 41,939 shares and nonqualified
stock options to purchase 40,566 shares and 4,108 shares credited to Mr.
McCartney's account (but unissued) in connection with the Company's
Deferred Compensation Plan.
(6) Barton D. Weisman has been a Director of the Company since 1983.
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(7) Includes nonqualified stock options to purchase 91,695 shares; also
includes 59,500 shares that Mr. Weisman holds in a trust of which he and
his wife serve as trustees. Mr. Weisman disclaims beneficial ownership of
these shares.
(8) Robert L. Frome has been a Director of the Company since 1983.
(9) Includes nonqualified stock options to purchase 49,697 shares.
(10) Thomas A. Cook has been a Director of the Company since 1987; President of
the Company for more than five (5) years.
(11) Includes incentive stock options to purchase 115,196 shares and
nonqualified stock options to purchase 400,437 shares and 13,410 shares
credited to Mr. Cook's account (but unissued) in connection with the
Company's Deferred Compensation Plan.
(12) John M. Briggs has been a Director of the Company since 1993.
(13) Includes nonqualified stock options to purchase 34,697 shares.
(14) Robert J. Moss has been a Director of the Company since 1992.
(15) Represents nonqualified stock options to purchase 44,647 shares.
(16) Brian Waters has been the Company's Vice President of Operations for more
than five (5) years.
(17) Includes incentive stock options to purchase 7,234 shares and non-qualified
stock options to purchase 7,677 shares and 3,272 shares credited to Mr.
Water's account (but unissued) in connection with the Company's Deferred
Compensation Plan.
(18) James DiStefano has been the Company's Treasurer and Chief Financial
Officer for more than five (5) years.
(19) Includes incentive stock options to purchase 104,111 shares and
nonqualified stock options to purchase 22,831 shares and 4,947 shares
credited to Mr. DiStefano's account (but unissued) in connection with the
Company's Deferred Compensation Plan.
(20) Richard Hudson has been the Company's Vice President of Finance, Secretary
and Chief Accounting Officer for more than five (5) years.
(21) Includes incentive stock options to purchase 19,585 shares and nonqualified
stock options to purchase 18,116 shares and 1,041 shares credited to Mr.
Hudson's account (but unissued) in connection with the Company's Deferred
Compensation Plan.
PLAN OF DISTRIBUTION
It is anticipated that all of the Shares will be offered by the Selling
Shareholders from time to time in the open market, either directly or through
brokers or agents, or in privately negotiated transactions. The Selling
Shareholders have advised the Company that they are not parties to any
agreement, arrangement or understanding as to such sales.
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LEGAL MATTERS
Certain legal matters in connection with the issuance of the Shares offered
hereby have been passed upon for the Company by Olshan Grundman Frome Rosenzweig
& Wolosky LLP, 65 East 55th Street, New York, New York 10022. Robert L. Frome, a
member of Olshan Grundman Frome Rosenzweig & Wolosky LLP, is a director of the
registrant and beneficially owns 6,750 shares and holds options to purchase
49,697 shares of Common Stock of the Company. Another partner of such Firm holds
options to purchase 7,485 shares of Common Stock of the Company. The shares
underlying the options held by Mr. Frome were previously registered.
ADDITIONAL INFORMATION
The Company has filed with the Securities and Exchange Commission a
Registration Statement on Form S-8 under the Securities Act with respect to the
Shares offered hereby. For further information with respect to the Company and
the securities offered hereby, reference is made to the Registration Statement.
Statements contained in this Prospectus as to the contents of any contract or
other document are not necessarily complete, and in each instance, reference is
made to the copy of such contract or document filed as an exhibit to the
Registration Statement, such statement being qualified in all respects by such
reference.
DISCLOSURE OF COMMISSION POSITION ON
INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers or persons controlling the Company, the
Company has been advised that it is the Securities Exchange Commission's opinion
that such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the Township of Bensalem, Commonwealth of Pennsylvania, on this
22nd day of August, 2005.
HEALTHCARE SERVICES GROUP, INC.
(Registrant)
/s/ Daniel P. McCartney
-------------------------------------------------------
Daniel P. McCartney, Chief Executive Officer and Chairman
POWER OF ATTORNEYS AND SIGNATORIES
Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated. Each of the undersigned officers and
directors of Healthcare Services Group, Inc. hereby constitutes and appoints
Daniel P. McCartney and Thomas A Cook and each of them singly, as true and
lawful attorneys-in-fact and agents with full power of substitution and
resubstitution, for him in his name in any and all capacities, to sign any and
all amendments (including post-effective amendments) to this Registration
Statement and to file the same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission and to
prepare any and all exhibits thereto, and other documents in connection
therewith, and to make any applicable state securities law or blue sky filings,
granting unto said attorneys-in-fact and agents, full power and authority to do
and perform each and every act and thing requisite or necessary to be done to
enable Healthcare Services Group, Inc. to comply with the provisions of the
Securities Act of 1933, as amended, and all requirements of the Securities and
Exchange Commission, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Signature Title Date
--------- ----- ----
/s/ Daniel P. McCartney
------------------------
Daniel P. McCartney Chief Executive Officer August 22, 2005
and Chairman
/s/ Thomas A. Cook
------------------------
Thomas A. Cook Director, President and
Chief Operating Officer August 22, 2005
/s/Barton D. Weisman
------------------------
Barton D. Weisman Director August 22, 2005
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Signature Title Date
--------- ----- ----
/s/ Robert L. Frome
------------------------
Robert L. Frome Director August 22, 2005
/s/ John M. Briggs
------------------------
John M. Briggs Director August 22, 2005
/s/ Robert J. Moss
------------------------
Robert J. Moss Director August 22, 2005
/s/ Joseph F. McCartney
------------------------
Joseph F. McCartney Director and Divisional
Vice President August 22, 2005
/s/ James L. Distefano
------------------------
James L. DiStefano Chief Financial Officer
and Treasurer August 22, 2005
/s/ Richard W. Hudson
------------------------
Richard W. Hudson Vice President - Finance
and Secretary (Principal
Accounting Officer) August 22, 2005
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