secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0000885978-24-000041
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000041/0000885978-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000041/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer