secwatch.observer — SEC 8-K summary
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Issuer:     HCA Healthcare, Inc. (HCA)
CIK:        0000860730
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001193125-23-094138
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCA Healthcare 2023 Senior Officer PEP: CEO target 170% of base, 80% EBITDA weight
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- CEO Samuel N. Hazen target award 170% of base salary; CFO William B. Rutherford and COO Jon M. Foster each 125%.
- Awards weighted 80% on EBITDA targets and 20% on quality metrics (Healthcare-Associated Infections, Complication/Mortality, Care Experience).
- EBITDA portion: threshold 25% payout, target 100%, maximum 200% of target; quality portion: 0% at threshold, 200% at max.
- No quality payout if actual EBITDA below 90% of target; awards paid in cash within 2.5 months after fiscal year-end.
- Program includes clawback provisions for restatements or misconduct; employment through year-end required for payout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860730/000119312523094138/0001193125-23-094138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860730/000119312523094138/d494462d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-094138

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