LOUISVILLE, Ky., June 26, 2009 (GLOBE NEWSWIRE) -- ResCare, Inc. (Nasdaq:RSCR) today announced the results of its 2009 annual meeting of shareholders.
ResCare shareholders elected James H. Bloem and Steven S. Reed as Class II directors for three-year terms. Robert Le Blanc and Ralph G. Gronefeld, Jr. were also elected by the preferred shareholders. Mr. LeBlanc will serve as a Class III director and Mr. Gronefeld will serve as a Class II director. Shareholders also ratified the appointment of KPMG LLP as the Company's independent auditor for the year ending December 31, 2009.
Ralph G. Gronefeld, Jr., ResCare's president and chief executive officer, said, "I am very proud of the way ResCare and its employees faced and conquered the challenging economic environment of 2008. Our business remains solid, with growing revenues, effectively controlled costs and a strong balance sheet."
ResCare, with 35 years of experience helping people reach their highest level of independence, is one of the largest providers of home care to the elderly and persons with disabilities. It also offers residential and support services to people with intellectual and developmental disabilities and provides education, vocational training and job placement for people of all ages and skill levels. Based in Louisville, Kentucky, ResCare and its more than 46,000 dedicated employees serve daily more than 65,000 people in 40 states, Washington, D.C., Puerto Rico and in a growing number of international locations. For more information about ResCare, please visit the Company's website at www.rescare.com.
From time to time, ResCare makes forward-looking statements in its public disclosures, including statements relating to expected financial results, revenues that might be expected from new or acquired programs and facilities, its development and acquisition activities, reimbursement under federal and state programs, financing plans, compliance with debt covenants and other risk factors, and various trends favoring privatization of government programs. In ResCare's filings under the federal securities laws, including its annual, periodic and current reports, the Company identifies important factors that could cause its actual results to differ materially from those anticipated in forward-looking statements. Please refer to the discussion of those factors in the Company's filed reports. Statements related to expected financial results are as of this date only, and ResCare does not assume any responsibility to update these statements.