HCA appoints McAlevey as EVP – Chief Legal & Admin Officer; CFO Rutherford to retire May 1

HCA Healthcare, Inc.

CEO Hazen target award 170% of base salary; COO Foster 125%; CFO Rutherford retiring May 1, 2024, not participating.
Michael R. McAlevey appointed EVP – Chief Legal & Admin Officer effective April 1, 2024; base salary $990,000; equity award $500,000.
Executive Officer PEP: 80% EBITDA-weighted, 20% quality metrics; payout range 25%-200% of target.
PEP quality metrics: Healthcare-Associated Infections & Sepsis (30%), Complication & Mortality (30%), Care Experience (40%).
If actual EBITDA <90% of target, no quality payout; clawback and adjustment provisions apply.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

William B. Rutherford

Executive Vice President and Chief Financial Officer

HCA · HCA Healthcare, Inc.

Effective: 2024-05-01
Filed: February 26, 2024, 6:59 PM ET

William B. Rutherford intends to retire as Executive Vice President and Chief Financial Officer, effective May 1, 2024, and will therefore not participate in the Executive Officer PEP.

Role change

Michael R. McAlevey

Executive Vice President – Chief Legal and Administrative Officer

HCA · HCA Healthcare, Inc.

Effective: 2024-04-01
Filed: February 26, 2024, 6:59 PM ET

• 85% of base salary for Michael R. McAlevey, our Senior Vice President and Chief Legal Officer (to be increased to 100%, effective April 1, 2024, in connection with Mr. McAlevey’s appointment as Executive Vice President – Chief Legal and Administrative Officer).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William B. Rutherford departed as Executive Vice President and Chief Financial Officer at HCA Healthcare, Inc..

Action: retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

William B. Rutherford intends to retire as Executive Vice President and Chief Financial Officer, effective May 1, 2024, and will therefore not participate in the Executive Officer PEP.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael R. McAlevey was appointed as Executive Vice President – Chief Legal and Administrative Officer at HCA Healthcare, Inc..

Action: appointed
Role: Executive Vice President – Chief Legal and Administrative Officer

Exact text from the filing

• 85% of base salary for Michael R. McAlevey, our Senior Vice President and Chief Legal Officer (to be increased to 100%, effective April 1, 2024, in connection with Mr. McAlevey’s appointment as Executive Vice President – Chief Legal and Administrative Officer).

View on SEC.gov

HCA Healthcare, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-046240

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