Community Health Systems Executive Chairman Wayne T. Smith to Retire as Officer, Remain as Non-Executive Chairman

COMMUNITY HEALTH SYSTEMS INC

Smith will retire as Executive Chairman on Jan 1, 2023, and continue as non-executive Chairman of the Board.
Board amended equity awards: stock options and restricted stock will continue to vest while Smith serves on the Board.
Smith will receive standard non-management director compensation plus an additional $265,000 annual cash stipend as non-executive Chairman.
Amendments cover stock option and restricted stock grants from 2019 through 2022.

item 5.02 item 9.01

Executive movements

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Role change

Wayne T. Smith

non-executive Chairman

CYH · COMMUNITY HEALTH SYSTEMS INC

Effective: 2023-01-01
Filed: December 8, 2022, 6:59 PM ET

Mr. Smith informed the Company that he will retire as Executive Chairman, an officer of the Company, on January 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Wayne T. Smith retired as non-executive Chairman at COMMUNITY HEALTH SYSTEMS INC.

Action: retired
Role: non-executive Chairman

Exact text from the filing

Mr. Smith informed the Company that he will retire as Executive Chairman, an officer of the Company, on January 1, 2023.

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COMMUNITY HEALTH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-301032

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