---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-301032"
form_type: "8-K"
ticker: "CYH"
cik: "0001108109"
company_name: "COMMUNITY HEALTH SYSTEMS INC"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:17:05.528996+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-301032
- form_type: 8-K
- ticker: CYH
- cik: 0001108109
- company_name: COMMUNITY HEALTH SYSTEMS INC
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108109/000119312522301032/0001193125-22-301032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108109/000119312522301032/d432529d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-301032
- JSON: https://secwatch.observer/filing/0001193125-22-301032.json
- Plain text: https://secwatch.observer/filing/0001193125-22-301032.txt

## Key facts
- Executive change
  Wayne T. Smith retired as non-executive Chairman at COMMUNITY HEALTH SYSTEMS INC.
  - Action: retired
  - Role: non-executive Chairman
  source text: Mr. Smith informed the Company that he will retire as Executive Chairman, an officer of the Company, on January 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108109/000119312522301032/0001193125-22-301032-index.htm

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