Chris Lloyd Separation agreement on SEDAR
Just took a quick read of the separation agreement. Looks like he is free to sell his 3M shares or at least the portion that is not in process of being 'unlocked' ? Wondering : If there was any more bad news on the horizon wouldn't he have started dumping them ?? Document is on SEDAR and is the 2nd document filed on Jan.11 listed as OTHER. Here is the excerpt on holdings and rights : B. Employee holds 3,143,746 shares of common stock in Nobilis Health Corp. (the Employee Common Shares) some of which were issued pursuant to that certain Confidential Agreement by and between Northstar Healthcare Subco, LLC, Nobilis Health Corp., Athas Health Corp., North American Laserscopic Institute, LLC, and various Athas Sellers, made effective June 30, 2015 (the Confidential Agreement). All Employee Common Shares are subject to certain restrictions found in Section 2 of the Confidential Agreement (the Sales Restrictions). On the Effective Date, the Company agrees that the Sales Restrictions placed on the Employee Common Shares, are hereby removed and eliminated. The Company and Employee further agree that this Section constitutes an amendment of the Confidential Agreement to remove Section 2(a) through (h) as it applies to the Employee Common Shares, and it is the intent of the parties that no provision set forth in Section 2(a) through (h) of the Confidential Agreement shall constitute a restriction on Employees ability to transfer the Employee Common Shares. Moreover, Company agrees to work with Employee in good faith to remove all contractual lock-up legends on all of Employees stock as soon as possible. Notwithstanding anything herein, Employee shall remain subject to any trading or resale restrictions imposed under applicable U.S. and Canadian securities laws and regulations, and Employee hereby undertakes to comply in all respect with any such laws and regulations. Thoughts ??