NHR Board Member Dies
13 Abril 2006 - 5:08PM
Business Wire
National Health Realty, Inc. (AMEX:NHR), a real estate investment
trust, is saddened to announce the death of board member Joel H.
Jobe. Jobe, an independent director and chairman of the audit
committee, who had served on NHR's board since April 2004, died
unexpectedly on March 31. "We are very saddened by the death of our
friend and board member," NHR President Robert Adams said. "Our
thoughts and prayers are with Joel's family. Joel's accounting and
health care experience made him a valuable asset to our board. His
contribution will be greatly missed." Due to the death of Director
Jobe, the American Stock Exchange issued a Warning Letter pursuant
to Section 1009(a)(i) of the Amex Company Guide that the Company is
currently out of compliance with Section 121(A)(1) which requires
that each listed company must have a majority of independent
directors on its Board of Directors; with Section 121(B)(2)(a)
which requires that each listed company have an Audit Committee of
at least three independent board members; and with Section
121(B)(a)(ii) which requires that each listed company have at least
one member of its audit committee who is deemed financially
sophisticated. The Warning Letter gives the Company until July 12
to regain compliance with the Amex requirements regarding Board
composition. NHR owns the real property of 16 skilled nursing
facilities, six assisted living centers and one independent living
center. Additional information including NHR's most recent press
releases may be obtained on NHR's web site at
www.nationalhealthrealty.com. The company trades on the American
Stock Exchange with the symbol NHR. Statements in this press
release that are not historical facts are forward-looking
statements. NHR cautions investors that any forward-looking
statements made involve risks and uncertainties and are not
guarantees of future performance. All forward-looking statements
represent NHR's best judgment as of the date of this release.
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