home · filing · 0000885978-22-000018
8-K filed March 23, 2022, 7:59 PM ET
ticker USPH
CIK 0000885978
leadership
confidence high
sentiment neutral
materiality 0.50
U.S. Physical Therapy appoints Rick Binstein as EVP, enters new employment agreement
U S PHYSICAL THERAPY INC /NV
Rick Binstein appointed Executive Vice President effective March 17, 2022, while continuing as General Counsel and Secretary.
New employment agreement effective March 23, 2022, with a two-year renewable term and annual base salary of $340,000.
Termination without cause or for good reason triggers two years' base salary, average bonus (or last year's), and restricted stock vesting.
Change in control benefit of $283,333 if a change in control occurs within 6 months after or 12 months prior to termination.
Non-compete for 2 years within 50 miles of any clinic location; non-solicitation of employees and referral sources for 2 years.
Executive movements
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Effective 2022-03-17
Filed March 23, 2022, 7:59 PM ET
On March 17, 2022, Rick Binstein, was appointed as an Executive Vice President of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rick Binstein was appointed as Executive Vice President at U S PHYSICAL THERAPY INC /NV.
Action appointed
Role Executive Vice President
Exact text from the filing
On March 17, 2022, Rick Binstein, was appointed as an Executive Vice President of the Company.
View on SEC.gov
Source: SEC EDGAR
accession 0000885978-22-000018
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