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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): January 22, 1999
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VENCOR, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-14057 61-1323993
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
3300 Aegon Center
400 West Market Street
Louisville, Kentucky
(Address of principal executive offices)
40202
(Zip Code)
Registrant's telephone number, including area code: (502) 596-7300
Not Applicable
(Former name or former address, if changed since last report.)
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Items 1-4. Not Applicable.
Item 5. Other Information.
On January 22, 1999, Vencor, Inc. (the "Company") announced that its Board
of Directors has accepted the resignation of W. Bruce Lunsford as its Chairman
of the Board and Chief Executive Officer. The Company also announced that the
Board of Directors has appointed Edward L. Kuntz as Chairman of the Board and
Chief Executive Officer.
A copy of the press release is included as an exhibit to this filing and is
incorporated herein by reference.
Item 6. Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Exhibit 99.1 Press Release dated January 22, 1999.
Items 8-9. Not Applicable.
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SIGNATURES
Pursuant to the requirements 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.
VENCOR, INC.
Dated: January 25, 1999 By: /s/ Richard A. Schweinhart
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Richard A. Schweinhart
Senior Vice President and
Chief Financial Officer
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EXHIBIT 99.1
[Logo of Vencor, Inc. appears here]
CONTACT: Richard A. Schweinhart
Senior Vice President and Chief
Financial Officer
(502) 596-7379
Media Inquiries
Susan E. Moss
Vice President of Corporate Communications
(502) 596-7296
FOR IMMEDIATE RELEASE
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VENCOR ANNOUNCES RESIGNATION OF W. BRUCE LUNSFORD
AS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER
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EDWARD L. KUNTZ NAMED CHAIRMAN OF THE BOARD
AND CHIEF EXECUTIVE OFFICER
Louisville, Ky. (Jan. 22, 1999) - Vencor, Inc. (NYSE: VC) today announced that
its Board of Directors has accepted the resignation of W. Bruce Lunsford as its
Chairman of the Board and Chief Executive Officer. Mr. Lunsford is a co-founder
of Vencor and has served as its Chairman and Chief Executive Officer since its
inception in 1985. Under his leadership, Vencor grew from a single hospital
company to a Fortune 500 company that operates a long-term healthcare network in
46 states with over 65,000 employees.
The Company also announced that the Board of Directors has appointed Edward
L. Kuntz as Chairman of the Board and Chief Executive Officer. Mr. Kuntz joined
the Company in November 1998 as President, Chief Operating Officer and a
director.
R. Gene Smith, co-founder of Vencor and long-time director commented,
"Bruce's entrepreneurial spirit has been the driving force behind Vencor for
these many years. His vision and passion have enabled Vencor to become one of
the premier long-term healthcare providers in the country. Over the last
several months Bruce has focused on restructuring the management team to meet
the new challenges facing the Company." With respect to the appointment of Mr.
Kuntz as Chief Executive Officer, Mr. Smith commented, "Eddie's depth and
experience have established him as a dynamic leader capable of providing Vencor
the direction it needs to ensure success in this changing healthcare
environment."
Mr. Kuntz stated, "All of us appreciate the magnitude of Bruce's
accomplishment in building Vencor and in being a true innovator and national
leader in the healthcare business. I want to thank Bruce on behalf of our
employees for his guidance, devotion and friendship over these many years.
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We wish him well in his future endeavors."
Vencor is a long-term healthcare provider operating hospitals, nursing
centers and contract ancillary services in 46 states.
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