---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-24-000041"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:18:33.688393+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# USPH amends executive severance to add pro rata incentive awards for five officers

## Summary
- Amended employment agreements for CEO Reading, President Williams, COO Reeve, CFO Hendrickson, GC Binstein.
- Enhanced severance: two years base pay plus greater of last year bonus or three-year average bonus.
- New: pro rata portion of subjective and objective incentive plan awards in year of termination.
- All restricted stock owned by executive vests immediately upon termination without cause or for good reason.
- For COO Reeve, change-of-control benefit of $283,333 added; effective date May 27, 2024.

## SEC filing metadata
- accession: 0000885978-24-000041
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597824000041/0000885978-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597824000041/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-24-000041
- JSON: https://secwatch.observer/filing/0000885978-24-000041.json
- Plain text: https://secwatch.observer/filing/0000885978-24-000041.txt

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