boardroom

A majority of National HealthCare Corp. investors last week voted in favor of a motion calling on the company to prepare a report on how it can enhance the diversity of its board.

New York Comptroller Thomas DiNapoli last month called on Murfreesboro-based NHC, which runs 75 skilled nursing centers and 24 assisted-living communities as well as other care facilities, to diversify its seven-member board.

Those seven directors unanimously called on shareholders to vote against the resolution filed on behalf of the Empire State’s retirement funds but were rebuffed: Of the nearly 12 million NHC shares represented at the company’s annual meeting, 58 percent supported DiNapoli’s call for a report to be prepared as a first step to improving board diversity.

NHC President Mike Ussery and Controller Brian Kidd did not respond to a request for comment Tuesday. DiNapoli’s resolution calls for the company to finish its report by September.

NHC shares (Ticker: NHC) fell nearly 4 percent to $62.11 Tuesday. They began the year around $86.

This post originally appeared in our sister publication, the Nashville Post

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