MURFREESBORO, Tenn.--(BUSINESS WIRE)--Jan. 25, 2005--National HealthCare Corporation (AMEX: NHC), one of the nation’s oldest long-term health care companies, said that on Jan. 20, it received a notice from the American Stock Exchange that the Company is currently not in compliance with the Amex board of directors composition requirements as set forth in Section 121A of the Amex Company Guide. Specifically, the Company does not currently have a majority of independent directors serving on its board. The warning letter gives the Company until May 31, to regain compliance with the Amex requirements. The Company intends to correct the instance of noncompliance with the Amex Company Guide as soon as reasonably possible. The Company has determined, based on discussions with representatives of Amex, that the incident of noncompliance will be corrected when a currently serving board member, Richard F. LaRoche, Jr., becomes independent on May 22, 2005 by virtue of the passing of the third anniversary of the date he resigned as an executive officer of the Company.
