Healthcare Realty Trust Incorporated
As filed with the Securities and Exchange Commission on August 6, 2007
Registration No. 333-____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
HEALTHCARE REALTY TRUST INCORPORATED
(Exact name of registrant as specified in its charter)
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Maryland
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62-1507028 |
(State or other jurisdiction of incorporation
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(I.R.S. Employer |
or organization)
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Identification No.) |
3310 West End Avenue, Suite 700
Nashville, Tennessee 37203
(Address, Including Zip Code, of Principal
Executive Offices)
HEALTHCARE REALTY TRUST INCORPORATED
2007 EMPLOYEES STOCK INCENTIVE PLAN
(Full title of the plan)
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Copy to: |
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John M. Bryant, Jr., Esq.
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Theodore W. Lenz, Esq. |
Senior Vice President and General Counsel
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Waller Lansden Dortch & Davis, LLP |
Healthcare Realty Trust Incorporated
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Nashville City Center |
3310 West End Avenue, Suite 700
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511 Union Street, Suite 2700 |
Nashville, Tennessee 37203
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Nashville, Tennessee 37219-1760 |
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(Name and address of agent for service) |
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(615) 269-8175
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Title of |
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Proposed Maximum |
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Proposed Maximum |
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Securities to |
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Amount to be |
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Offering Price |
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Aggregate Offering |
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Amount of |
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be Registered |
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Registered |
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Per Share |
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Price |
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Registration Fee |
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Common Stock, par
value $.01 per share |
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2,390,272 |
(1) |
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$ |
23.27 |
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55,621,630 |
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$ |
1,708 |
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(1) |
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In addition to the number of shares of common stock stated above, pursuant to Rule 416(c)
under the Securities Act of 1933, as amended, this Registration Statement covers an additional
indeterminate number of shares that may be offered or issued pursuant to the Healthcare Realty
Trust Incorporated 2007 Employees Stock Incentive Plan (the Incentive Plan) as a result of
one or more adjustments under the Incentive Plan to prevent dilution resulting from one or
more stock splits, stock dividends or similar transactions. |
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Estimated pursuant to Rule 457(h)(1), solely for purposes of calculating the registration
fee, on the basis of the average high and low prices of the Companys Common Stock on August
2, 2007, as reported on the New York Stock Exchange. |
PROSPECTUS
______ ___, 2007
2,390,272 Shares
Common Stock
($.01 par value)
This prospectus may be used by certain affiliated selling shareholders of Healthcare
Realty Trust Incorporated (the Company) in connection with the resale of up to an aggregate of
2,390,272 shares of common stock, par value $.01 per share (the Common Stock), which may be
issued to such selling shareholders pursuant to the Companys 2007 Employees Stock Incentive Plan
(the Incentive Plan).
This prospectus may only be used in conjunction with a supplement which contains the names of
the selling shareholders and the amount of shares of Common Stock to be reoffered by them.
The Company will not receive any of the proceeds from the sale of the shares by the selling
shareholders. The Company will bear all expenses (other than underwriting discounts and selling
commissions, and fees and expenses of counsel and other advisors to the selling shareholders) in
connection with the registration of the shares being offered by the selling shareholders.
The Companys Common Stock is listed on the New York Stock Exchange under the symbol HR. On
_________, 2007, the last reported sale price of the Companys Common Stock on the NYSE was $______
per share.
Neither the Securities and Exchange Commission (the Commission or SEC) nor any other
regulatory body has approved or disapproved of these securities or passed upon the accuracy or
adequacy of this prospectus. Any representation to the contrary is a criminal offense.
WHERE YOU CAN FIND MORE INFORMATION
Healthcare Realty Trust Incorporated has filed with the SEC under the Securities Act of
1933, as amended (the Securities Act), a Registration Statement on Form S-8 that registers the
sale of the shares. The Registration Statement, including the attached exhibits, contains
additional relevant information about the Company and the shares. The rules and regulations of the
SEC allow the Company to omit certain information included in the Registration Statement from this
prospectus.
In addition, the Company files reports, proxy statements and other information with the SEC
under the Securities Exchange Act of 1934, as amended (the Exchange Act) (File Number 001-11852).
You may read these reports and other information filed by the Company, without charge, or obtain
copies for a fee, from the SECs Public Reference Section. Please call the SEC at 1-800-SEC-0330
for more information on the public reference rooms. You can also find many of these documents on
the SECs Web site at http://www.sec.gov.
You can also inspect reports, proxy statements and other information about the Company at the
offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
DOCUMENTS INCORPORATED BY REFERENCE
This prospectus incorporates by reference certain documents filed by the Company with the
SEC. The following documents are incorporated by reference into this prospectus:
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The Companys Annual Report on Form 10-K for the year ended December 31, 2006; |
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The Companys Quarterly Report on Form 10-Q for the quarter ended March 31,
2007; |
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The Companys Current Reports on Form 8-K filed since the end of the fiscal
year covered by the Companys Annual Report on Form 10-K referred to in (a) above; |
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The Companys Proxy Statement relating to the Annual Meeting of Shareholders
held on May 15, 2007; and |
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The description of the Companys Common Stock contained in its Registration
Statement on Form 8-A, dated April 8, 1993, and any other amendment or report filed for
the purpose of updating such description. |
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
Exchange Act after the date of this prospectus shall be deemed to be incorporated by reference into
this prospectus and to be a part of this prospectus from the date of filing of such documents.
Unless expressly incorporated into this Registration Statement, a report furnished on Form 8-K
prior or subsequent to the date hereof shall not be incorporated by reference into this
Registration Statement.
Any statement contained in this prospectus, or in a document incorporated or deemed to be
incorporated by reference into this prospectus, shall be deemed to be modified or superseded for
purposes of this prospectus to the extent that a statement contained in this prospectus or in any
subsequently filed document which also is or is deemed to be incorporated by reference into this
prospectus, modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.
You may obtain a copy of any of the documents incorporated by reference which are not
presented herein or delivered herewith, without charge, upon request from Rita Hicks Todd,
Corporate Secretary, Healthcare Realty Trust Incorporated, 3310 West End Avenue, Suite 700,
Nashville, Tennessee 37203. Telephone: (615) 269-8175.
3
THE COMPANY
Healthcare Realty Trust Incorporated is a real estate investment trust incorporated under
the laws of the State of Maryland. The principal executive offices of the Company are located at
3310 West End Avenue, Suite 700, Nashville, Tennessee 37203, and its telephone number is (615)
269-8175.
USE OF PROCEEDS
The Company will not receive any proceeds from the sale of shares of the Companys Common
Stock by the selling shareholders.
SELLING SHAREHOLDERS
The issuance of shares of Common Stock pursuant to the Incentive Plan has been registered
under the Securities Act by a Registration Statement on Form S-8. This prospectus is to be used in
connection with any resales of the Companys Common Stock acquired pursuant to the Incentive Plan
after the date of the Registration Statement by persons who may be considered affiliates of the
Company within the meaning of the Securities Act. The selling shareholders will be either employees
or executive officers of the Company or its subsidiaries who have been or may be granted restricted
shares of the Companys Common Stock under the Incentive Plan.
At the date of this prospectus, the Company does not know the names of persons who intend to
resell shares of Common Stock acquired pursuant to the Incentive Plan. The Company will supplement
the prospectus with the names of the selling shareholders and the amount of shares of Common Stock
to be reoffered by them as that information becomes known.
The shares may be offered by the selling shareholders from time to time in transactions
through the New York Stock Exchange, in negotiated transactions, through the writing of options on
the shares, or a combination of such methods of sale, at prices related to prevailing market
prices, or at negotiated prices. The selling shareholders may effect such transactions by selling
the shares to or through broker-dealers, and such broker-dealers may receive compensation in the
form of discounts, concessions or commissions from the selling shareholders and/or the purchasers
of the shares for which such broker-dealers may act as agent or to whom they sell as principal, or
both (which compensation as to a particular broker-dealer might be in excess of customary
commissions).
LEGAL MATTERS
The validity of the shares of the Companys Common Stock offered by this prospectus will
be passed upon for the Company by Waller Lansden Dortch & Davis, LLP, Nashville, Tennessee.
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EXPERTS
The financial statements and schedules and managements report on the effectiveness of
internal control over financial reporting incorporated by reference in this Prospectus have been
audited by BDO Seidman, LLP, an independent registered public accounting firm, to the extent and
for the periods set forth in their reports incorporated herein by reference, and are incorporated
herein in reliance upon such reports given the authority of said firm as experts in auditing and
accounting.
No dealer, salesperson or other person is authorized to give any information or to
represent anything not contained in this prospectus. You must not rely on any unauthorized
information or representations. This prospectus is an offer to sell only the shares offered hereby,
but only under circumstances and in jurisdictions where it is lawful to do so. The information
contained in this prospectus is current only as of its date.
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I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS.
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
* Information required to be contained in the Section 10(a) prospectus is omitted from this
Registration Statement in accordance with Rule 428(b) under the Securities Act and the Note to Part
I of Form S-8.
II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT.
Item 3. Incorporation of Documents By Reference.
The following documents filed with the SEC (File Number 001-11852) by the Company are
incorporated herein by reference as of the dates thereof:
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The Companys Annual Report on Form 10-K for the year ended December 31, 2006; |
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The Companys Quarterly Report on Form 10-Q for the quarter ended March 31,
2007; |
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The Companys Current Reports on Form 8-K filed since the end of the fiscal
year covered by the Companys Annual Report on Form 10-K referred to in (a) above; |
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The Companys Proxy Statement relating to the Annual Meeting of Shareholders
held on May 15, 2007; and |
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The description of the Companys Common Stock contained in its Registration
Statement on Form 8-A, dated April 8, 1993, and any other amendment or report filed for
the purpose of updating such description. |
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
all securities offered have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference into the Registration Statement and to be a part
hereof from the date of filing of such documents. Unless expressly incorporated into this
Registration Statement, a report furnished on Form 8-K prior or subsequent to the date hereof shall
not be incorporated by reference into this Registration Statement.
Any statements contained in a document incorporated by reference herein shall be deemed to be
modified or superseded for purposes hereof to the extent that a statement contained herein (or in
any other subsequently filed document which is also incorporated by reference herein) modifies or
supersedes such statement. Any statement so modified or superseded shall not be deemed to
constitute part hereof except as so modified or superseded.
You may obtain a copy of any of the documents incorporated by reference which are not
presented herein or delivered herewith, without charge, upon request from Rita Hicks Todd,
Corporate Secretary, Healthcare Realty Trust Incorporated, 3310 West End Avenue, Suite 700,
Nashville, Tennessee 37203. Telephone: (615) 269-8175.
II-1
Item 4. Description of Securities.
See Item 3(d) above.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Articles of Incorporation and Bylaws of the Company provide that the Company shall
indemnify and advance expenses to its currently acting and former directors and officers to the
fullest extent permitted by the laws of the State of Maryland. Section 2-418 of the Maryland
General Corporation Law generally permits indemnification of any director made a party to any
proceeding by reason of service as a director unless it is established that (i) the act or omission
of such person was material to the matter giving rise to the proceeding and was committed in bad
faith or was the result of active and deliberate dishonesty; (ii) such person actually received an
improper personal benefit in money, property or services; or (iii) in the case of any criminal
proceeding, such person had reasonable cause to believe that the act or omission was unlawful. The
indemnity may include judgments, penalties, fines, settlements and reasonable expenses actually
incurred by the director in connection with the proceeding, but, if the proceeding is one by, or in
the right of the Company, indemnification is not permitted with respect to such proceeding in which
the director has been adjudged to be liable to the Company. The termination of any proceeding by
conviction or upon a plea of nolo contendere or its equivalent or an entry of an order of probation
prior to judgment creates a rebuttable presumption that the director did not meet the requisite
standard of conduct required for permitted indemnification. The termination of any proceeding by
judgment, order or settlement, however, does not create a presumption that the director failed to
meet the requisite standard of conduct for permitted indemnification.
Indemnification under the provisions of the Maryland General Corporation Law is not deemed
exclusive of any other rights, by indemnification or otherwise, to which a director or officer may
be entitled under the Articles of Incorporation, Bylaws, resolution of shareholders or directors,
contract or otherwise.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers or persons controlling the Company pursuant to the foregoing provisions, the
Company has been informed that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
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4.1. |
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Second Articles of Amendment and Restatement of the Company. (1) |
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4.2. |
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Amended and Restated Bylaws of the Company. (2) |
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5. |
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Opinion of Waller Lansden Dortch & Davis, LLP. |
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23.1. |
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Consent of BDO Seidman, LLP. |
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23.2. |
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Consent of Waller Lansden Dortch & Davis, LLP. (3) |
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24. |
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Power of Attorney (included on page II-5). |
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99. |
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2007 Employees Stock Incentive Plan. (4) |
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Filed as an exhibit to the Companys Registration Statement on Form S-11 (Registration No.
33-60506) previously filed pursuant to the Securities Act of 1933 and hereby incorporated by
reference. |
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Filed as an exhibit to the Companys Form 10-Q for the quarter ended September 30, 1999 and
hereby incorporated by reference. |
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The consent of Waller Lansden Dortch & Davis, LLP is
included in the opinion filed as Exhibit 5 hereto. |
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Filed as an exhibit to the Companys Current Report on Form 8-K filed with the Securities and
Exchange Commission on May 21, 2007, and hereby incorporated by reference. |
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
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To include any prospectus required by Section
10(a)(3) of the Securities Act; |
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To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high and of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) under the
Securities Act if, in the aggregate, the changes in volume and price
represent no more than a 20% change in the maximum aggregate offering
price set forth in the Calculation of Registration Fee table in the
effective Registration Statement. |
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To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in
the Registration Statement. |
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if
the registration statement is on Form S-3, Form S-8 or Form F-3 and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic reports filed
with or furnished to the Commission by the registrant
II-3
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference
in the Registration Statement.
(2) That, for the purposes of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrants annual report pursuant to Section 13(a)
or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plans annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the Company has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being
registered, the Company will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that it meets all 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 City of Nashville, State of Tennessee, on August 6, 2007.
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HEALTHCARE REALTY TRUST INCORPORATED
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By: |
/s/ David R. Emery
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David R. Emery |
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Chairman and Chief Executive Officer |
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KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below
constitutes and appoints David R. Emery and Scott W. Holmes, and both or either of them, as his
true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all amendments
to this Registration Statement, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and
agents full power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully and 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 or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
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/s/ David R. Emery
David R. Emery |
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Chairman and Chief Executive
Officer (Principal
Executive Officer)
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August 6, 2007 |
/s/ Scott W. Holmes
Scott W. Holmes |
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Senior Vice President and Chief
Financial Officer (Principal
Financial Officer)
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August 6, 2007 |
/s/ David L. Travis
David L. Travis |
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Vice President and Chief
Accounting Officer (Principal
Accounting Officer)
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August 6, 2007 |
/s/ Errol L. Biggs
Errol L. Biggs |
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Director
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August 6, 2007 |
/s/ Charles Raymond Fernandez, M.D.
Charles Raymond Fernandez, M.D. |
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Director
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August 6, 2007 |
/s/ Batey M. Gresham, Jr.
Batey M. Gresham, Jr. |
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Director
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August 6, 2007 |
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/s/ Marliese E. Mooney
Marliese E. Mooney |
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Director
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August 6, 2007 |
/s/ Edwin B. Morris III
Edwin B. Morris III |
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Director
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August 6, 2007 |
/s/ John Knox Singleton
John Knox Singleton |
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Director
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August 6, 2007 |
/s/ Bruce D. Sullivan
Bruce D. Sullivan |
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Director
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August 6, 2007 |
/s/ Dan S. Wilford
Dan S. Wilford |
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Director
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August 6, 2007 |
II-6
EXHIBIT INDEX
EXHIBIT
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Item 8.
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Exhibits. |
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4.1.
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Second Articles of Amendment and Restatement of the Company. (1) |
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4.2.
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Amended and Restated Bylaws of the Company. (2) |
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5.
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Opinion of Waller Lansden Dortch & Davis, LLP. |
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23.1.
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Consent of BDO Seidman, LLP. |
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23.2.
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Consent of Waller Lansden Dortch & Davis, LLP. (3) |
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24.
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Power of Attorney (included on page
II-5). |
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99.
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2007 Employees Stock Incentive Plan. (4) |
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(1) |
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Filed as an exhibit to the Companys Registration Statement on Form S-11 (Registration No.
33-60506) previously filed pursuant to the Securities Act of 1933 and hereby incorporated by
reference. |
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(2) |
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Filed as an exhibit to the Companys Form 10-Q for the quarter ended September 30, 1999 and
hereby incorporated by reference. |
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(3) |
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The consent of Waller Lansden Dortch & Davis, LLP is included in the opinion filed as Exhibit
5 hereto. |
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(4) |
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Filed as an exhibit to the Companys Current Report on Form 8-K filed with the Securities and
Exchange Commission on May 21, 2007 and hereby incorporated by reference. |