| (d) | On June 1, 2011, Omnicare, Inc. (the "Company") announced that its Board of Directors (the "Board") elected Mark A. Emmert and Barry Schochet to serve as directors of the Company effective June 1, 2011 until the next annual meeting of stockholders. The Board also voted to increase the size of the Board to seven directors. In addition, in light of the increased size of the Board, the Board approved the separation of the Audit and Compliance Committee into two committees, the Audit Committee and the Compliance Committee, effective June 1, 2011. Dr. Emmert was appointed to serve on the Compliance Committee. Mr. Schochet was appointed to serve on the Audit Committee and the Compliance Committee and will chair the Compliance Committee. Dr. Emmert is currently President of the National Collegiate Athletic Association, a position he has held since October 2010. Prior thereto, Dr. Emmert served as President of the University of Washington since 2004. Dr. Emmert previously served as Chancellor at Louisiana State University and the University of Connecticut, and has held administrative and academic positions at Montana State University and the University of Colorado. Dr. Emmert currently serves on the boards of directors of Expeditors International of Washington, Inc. and Weyerhaeuser Company. Mr. Schochet currently serves as President and Chief Executive Officer of BPS Health Ventures, LLC, a healthcare consulting and investment firm, a position he has held since 2005. He has also, since 2007, been an operating partner with CIC Partners, a mid-market private equity firm. From 1995 until 2005, Mr. Schochet served in various executive capacities at Tenet Healthcare Corporation, including Vice Chairman. He has also served as the Hospital Division President for National Medical Enterprises and as Chief Executive Officer of Cypress Community Hospital. Mr. Schochet currently serves on the board of directors of Universal Hospital Services, Inc. Dr. Emmert and Mr. Schochet will receive compensation in accordance with the Company's standard compensation arrangements for non-employee directors, which are described in the Company's proxy statement for the 2011 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on April 22, 2011. A copy of the press release issued by the Company with respect to the election of these directors is attached hereto as Exhibit 99.1 and is incorporated herein by reference. |
