UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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):
May
19, 2008
CHEMED
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware |
1-8351 |
31-0791746 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
2600 Chemed Center, 255 East 5th Street, Cincinnati, OH 45202 |
(Address of principal executive offices) (Zip Code) |
Registrant’s
telephone number, including area code:
(513) 762-6900
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2 below):
⃞ 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))
Page 1 of 2
Item 8.01 Other Events.
On May 20, 2008 Chemed Corporation issued a press release announcing that on May 19, 2008 its Board of Directors increased the authorization of Chemed’s share repurchase program to provide for $100 million of future share repurchases. These will be funded through a combination of cash on hand, cash generated from operations as well as utilization of its revolving credit facility. A copy of the release is filed herewith as Exhibit 99.
Item 9.01 Financial Statements and Exhibits.
d) Exhibit
(99) Registrant's press release dated May 20, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHEMED CORPORATION |
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Dated: |
May 20, 2008 | By: |
/s/ Arthur V. Tucker, Jr. |
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Arthur V. Tucker, Jr. |
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Vice President and Controller |
Page 2 of 2
Exhibit 99
Chemed Corporation's Board of Directors Authorizes $100 Million Stock Repurchase Program
CINCINNATI--(BUSINESS WIRE)--Chemed Corporation (NYSE:CHE) today announced that the Board of Directors has increased the authoritization of Chemed’s share repurchase program to provide for up to $100 million of future share repurchases. This will be funded through a combination of cash on hand, cash generated from operations as well as utilization of its revolving credit facility. The timing and the amount of any repurchase of shares will be determined by Company management based on its evaluation of market conditions and other factors.
Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.
Statements in this press release or in other Chemed communications may relate to future events or Chemed's future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.
CONTACT:
Chemed Corporation
David P. Williams, 513-762-6901