UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 23, 2006
FAMILY HOME HEALTH SERVICES INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
(STATE OR OTHER JURISDICTION OF INCORPORATION)
000-32887 02-0718322
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NUMBER)
801 WEST ANN ARBOR TRAIL
SUITE 200
PLYMOUTH, MICHIGAN
48170
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(734) 414-9990
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On August 8, 2006 the board of directors of Family Home Health Services
Inc., a Nevada corporation ("Company") approved a form of indemnification
agreement to be entered into by the Company and each of its directors. As of
October 23, 2006, the Company entered into a separate indemnification agreement
with each of the following directors: Stuart M. Robbins, David Russell, Jr.,
Steven M. Looney, Kevin R. Ruark and James H. Pilkington. The Company's board of
directors may from time to time authorize the Company to enter into additional
indemnification agreements with future directors, officers or employees of the
Company.
In general, the indemnification agreements provide that the Company will
indemnify each indemnitee to the fullest extent authorized or permitted by its
bylaws and the Nevada Revised Statutes ("NRS"), and shall indemnify each
indemnitee against all expenses, fees, damages, judgments, penalties, fines and
amounts paid in settlement or incurred by him or her in connection with any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the fact that the
indemnitee is or was a director of the Company. In addition, the indemnification
agreements provide for the advancement of expenses incurred by the indemnitee in
connection with any proceeding covered by the agreement as permitted by
applicable law, provided that the indemnitee shall repay the amounts advanced if
it is determined that the indemnitee is not entitled to indemnification under
the agreement, the Company's bylaws, the NRS or otherwise.
The foregoing is a summary of certain material terms and conditions of the
indemnification agreements, and not a complete discussion of those agreements.
Accordingly, the foregoing is qualified in its entirety by reference to the full
text of the form of indemnification agreement attached as Exhibit 10.1 hereto
and incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
The following exhibit is included with this Current Report on Form 8-K:
10.1 Form of Indemnification Agreement, entered into as of October 23,
2006, between the Company and each director of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FAMILY HOME HEALTH SERVICES INC.
Date: October 27, 2006 /s/ Kevin R. Ruark
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By: Kevin R. Ruark
Its: Chief Executive Officer and
President
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