secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001193125-23-041984
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CHS approves 2023 compensation for named executive officers including CEO, CFO, others
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- CEO Tim Hingtgen target cash incentive 225% of base ($1.2875M); potential additional 40% for non-financial goals.
- CFO Kevin Hammons target 125% of base ($772.5K); Pres. Lynn Simon 115% ($659.9K); Reg. Pres. Mark Medley 100% ($640K).
- Equity grants: Hingtgen 200K NQSOs, 200K time-vesting RSUs, 400K performance-based RSUs (0-200% vesting over 3 years).
- Non-executive Chairman Wayne Smith: $265K stipend converted to time-based RSUs with 3-year ratable vesting, grant in March 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523041984/0001193125-23-041984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523041984/d418300d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041984

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