---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-22-000018"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2022-03-23T23:59:59+00:00"
generated_at: "2026-06-26T20:24:22.990020+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# U.S. Physical Therapy appoints Rick Binstein as EVP, enters new employment agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0000885978-22-000018
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2022-03-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597822000018/0000885978-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597822000018/form-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-22-000018
- JSON: https://secwatch.observer/filing/0000885978-22-000018.json
- Plain text: https://secwatch.observer/filing/0000885978-22-000018.txt

## Key facts
- Executive change
  Rick Binstein was appointed as Executive Vice President at U S PHYSICAL THERAPY INC /NV.
  - Action: appointed
  - Role: Executive Vice President
  source text: On March 17, 2022, Rick Binstein, was appointed as an Executive Vice President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597822000018/0000885978-22-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.