Women's Health Weekly
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Business and Finance
Specialty pharmaceutical establishes ESOP
January 13th, 2005
First Horizon Pharmaceutical Corp. (FHRX) announced that its board of directors approved the adoption of an employee stock ownership plan (ESOP) effective January 1, 2005. "After careful consideration and a thorough analysis, we concluded that the addition of an ESOP to our benefit plans would provide our employees with another opportunity to participate in our growth and success," said Patrick Fourteau, CEO and president. As designed, through the ESOP the company will be able to give employees interests in the company's equity on a tax-efficient basis, so as to minimize the need to award stock options to employees generally." Dr. John Kapoor...
Source: Women's Health Weekly (2005-01-13)
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