UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 30, 2017 (October 30, 2017)
CoreCivic, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-16109 | 62-1763875 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
10 Burton Hills Boulevard,
Nashville, Tennessee 37215
(Address of principal executive offices) (Zip Code)
(615) 263-3000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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 ( see General Instruction A.2. below):
| ☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Directors. |
On October 30, 2017, CoreCivic, Inc., a Maryland corporation (the “Company”), issued a press release announcing that Mr. Harley G. Lappin intends to retire as the Company’s Executive Vice President and Chief Corrections Officer, effective January 1, 2018, and that Mr. Patrick Swindle, who currently serves as the Company’s Senior Vice President of Operations, has been selected to succeed Mr. Lappin as Executive Vice President and Chief Corrections Officer as of the date of Mr. Lappin’s retirement. A copy of the press release is attached hereto as Exhibit 99.1.
Mr. Swindle, age 42, has served as the Company’s Senior Vice President of Operations since October 2016. Mr. Swindle joined CoreCivic in 2007 as Managing Director, Treasury, and he was promoted to Vice President and Treasurer in July 2009. Mr. Swindle became Vice President of Strategic Development in August 2013 before being named Vice President of Treasury and Strategic Development in April 2014. Prior to joining CoreCivic in 2007, Mr. Swindle spent 10 years as a research analyst in the equity capital markets divisions of SunTrust Equitable Securities, Raymond James Financial Services, Inc., Morgan Joseph TriArtisan, LLC, and Avondale Partners, LLC. Mr. Swindle holds a bachelor’s degree in finance from Western Kentucky University.
There is no family relationship between Mr. Swindle and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company. The Company has not entered into any transactions with Mr. Swindle that would require disclosure pursuant to Item 404(a) of Regulations S-K under the Exchange Act. The Company has not entered into new or amended compensatory plans, contracts or arrangements with, or made any grant or award or modification thereto to, either Mr. Lappin or Mr. Swindle as of the date hereof. However, the Company may enter into new or amended contracts with, or make a grant or award to, those individuals, at a later date.
| Item 9.01. | Financial Statements and Exhibits. |
(d) The following exhibits are filed as part of this Current Report:
Exhibit 99.1 – Press Release dated October 30, 2017
SIGNATURE
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.
| Date: October 30, 2017 |
CORECIVIC, INC. | |||||||
| By: |
/s/ David M. Garfinkle | |||||||
| David M. Garfinkle Executive Vice President and Chief Financial Officer | ||||||||
Exhibit 99.1
|
| |||
| Contact: | Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024 Media: Steve Owen – Managing Director, Communications – (615) 263-3107 |
CORECIVIC ANNOUNCES PATRICK SWINDLE TO SUCCEED
HARLEY LAPPIN AS CHIEF CORRECTIONS OFFICER
NASHVILLE, Tenn. – October 30, 2017 – CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that Patrick Swindle, who currently serves as the Company’s Senior Vice President of Operations, has been selected to succeed Harley Lappin as the Company’s Executive Vice President and Chief Corrections Officer effective January 1, 2018. Lappin, 61, intends to retire from his position as Chief Corrections Officer after a highly distinguished 33-year career as a corrections administrator. Lappin joined CoreCivic in 2011 in the role of Chief Corrections Officer, having served as Director of the Federal Bureau of Prisons (BOP) since 2003 and working in varying roles of increasing responsibility with the BOP since he began his corrections career in 1985.
Commenting on the transition, Damon Hininger, CoreCivic’s President and Chief Executive Officer said, “On behalf of the Board of Directors and the entire management team, I extend our sincere gratitude to Harley for the dedication and professionalism he brought to CoreCivic as our Chief Corrections Officer over the last seven years. His breadth of experience and knowledge in the corrections profession will have long-lasting positive effects across our operations, and we wish him the very best in his well-earned retirement.”
Hininger continued, “At the same time, we look forward to Patrick Swindle stepping into his new role, as our company-wide operations provide an increasing breadth of services due to our diversification of the business over the preceding five years. In his 10 years at CoreCivic, Patrick has been exposed to all aspects of our organization and was instrumental in the development and implementation of our diversification strategy. We look forward to his leadership of our Operations team as Chief Corrections Officer.”
Swindle, 42, was named Senior Vice President of Operations in October 2016, reporting directly to Lappin. Swindle joined CoreCivic in 2007 as Managing Director, Treasury, and he was promoted to Vice President and Treasurer in July 2009. He became Vice President of Strategic Development in August 2013 when CoreCivic created its Strategic Development department to focus on the broad-based identification, analysis and execution of a complementary corporate growth and diversification strategy. Swindle was named Vice President of Treasury and Strategic Development in April of 2014. Prior to joining CoreCivic, Swindle spent 10 years as a research analyst in the equity capital markets divisions of Avondale Partners, LLC, Morgan Joseph TriArtisan, LLC, Raymond James Financial Services, Inc. and SunTrust Equitable Securities. He holds a bachelor’s degree in finance from Western Kentucky University.
10 Burton Hills Boulevard, Nashville, Tennessee 37215, Phone: 615-263-3000
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About CoreCivic
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, innovative and cost-saving government real estate solutions, and a growing network of residential reentry centers to help address America’s recidivism crisis. We are a publicly traded real estate investment trust (REIT) and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. The Company has been a flexible and dependable partner for government for more than 30 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at http://www.corecivic.com/.
CoreCivic takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.
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