View:
Filed
pursuant to Rule 433
Registration
File No. 333-163649
January
7, 2010
THE
ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC
FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU
SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS
THE ISSUER HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUER
AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE
SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, COMMUNITY HEALTH SYSTEMS, INC. WILL
ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING TOLL FREE
1-800-547-7754.
|
Date:
|
January
7, 2010
|
|
To:
|
Community
Health Systems, Inc. Human Resources Personnel CEOs and Division
Presidents
|
|
From:
|
Roy
A. Sellers, SPHR
|
NOTICE
TO ALL HUMAN RESOURCES PERSONNEL, CEOs and DIVISION
PRESIDENTS
OF COMMUNITY HEALTH SYSTEMS, INC.
This is background information only
NOT FOR DISTRIBUTION to participants:
CHS is
making a Stock Rescission offer to a limited group of participants in the main
QACA 401k plan and the Spokane 401k plan. The offer applies only to
participants in those plans that purchased CHS stock as a part of those plans
between Jan 1, 2009 and Dec 1, 2009. Principal will be helping us
administer this rescission offer.
The CHS
Stock Rescission is open: Thurs Jan 7 – Thurs Feb 11. I have attached the
prospectus that the participants can access on the web. Please note
that the prospectus contains a Q&A section that contains useful information.
The appendices accompanying the attached prospectus contain screen shots
of the rescission offer acceptance website and forms of the letters that have
been sent to the participants. Some important notes:
|
|
●
|
There
are only 1,583 participants with an account balance affected and 33
without an account balance affected. To put this in perspective, we
have approximately 66,000 accounts in these two
plans.
|
|
|
●
|
Those
with an account balance can make their
election on-line through www.principal.com. The Principal Client
Contact Center (CCC) CANNOT take this
election over the phone - although they can be a resource to answer
questions. Those without an account balance will receive an
acceptance form to fill out and return in the supplied green envelope.
|
|
|
●
|
An
active participant will only receive a cover letter with instructions to
go on-line. They can call the CCC to have a prospectus mailed to
them.
|
|
|
●
|
One
thing to remember is that because the option to purchase company stock is
now closed to all participants, participants who sell their stock as part
of the rescission offer will not be able to repurchase company stock in
the plan
|
|
|
●
|
After
the rescission expires, those that have taken distributions and accept the
rescission will have to send in election forms for their additional
distribution.
|
In
reviewing the locations of those affected by this offer, not surprisingly we
find participants spread throughout the company. All of the information
that is needed by participants and required for the process has been provided
either in the mailing or through the on-line system. As a result, you
don't need to take any affirmative action with regard to this process, but I
wanted to make you aware of what was happening and what was being sent to the
affected participants. However, having said that, if one of your
participants comes to you with questions, I would encourage you to join the
participant and call the CCC. Please take advantage of this excellent
resource.
As
always, if you have questions of me, please don't hesitate to ask.
Roy A.
Sellers, SPHR
Director,
Human Resources
Community
Health Systems, Inc.