regulatory
confidence high
sentiment neutral
materiality 0.25
Encompass Health adopts clawback policy to comply with SEC Rule 10D-1 and NYSE listing standards
Encompass Health Corp
- Board approved amended clawback policy on July 20, 2023, requiring mandatory recovery of erroneous incentive-based compensation from current and former executive officers upon accounting restatement.
- Change in control and executive severance plans amended to explicitly subject benefits to the clawback policy.
- Policy applies to all officers in senior management bonus and long-term incentive plans, with new compliance terms for NYSE listing standards.