secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001564590-22-011986
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UHS revises executive and board compensation, seeks to increase share reserve by 6M
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- CEO Marc Miller base salary raised to $1.3M (+18%); target bonus increased to 150% of salary from 100%.
- CFO Filton base to $800K (+11%), Pember $800K (+11%), Peterson $675K (+8%); cash incentive targets raised.
- Board cash retainers increased (e.g., member from $65K to $100K); equity grants reduced to $200K fixed value; meeting fees eliminated.
- 2022 Executive Incentive Plan approved; performance metrics based on adjusted EPS and return on capital.
- Shareholders to vote on increasing share reserve by 6M shares to 12.1M under 2020 Stock Plan; award term cap reduced to 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000156459022011986/0001564590-22-011986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000156459022011986/uhs-8k_20220323.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-011986

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