secwatch.observer — SEC 8-K summary
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Issuer:     HCA Healthcare, Inc. (HCA)
CIK:        0000860730
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001193125-24-046240
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860730/000119312524046240/0001193125-24-046240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860730/000119312524046240/d789841d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-046240

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