UHS EVP & President of Acute Care Marvin Pember retires; separation agreement details provided

UNIVERSAL HEALTH SERVICES INC

Marvin Pember's employment ends Dec 31, 2022; he will receive $33,333/month for 12 months as severance.
Eligible for 2022 annual cash incentive based on corporate and divisional performance thresholds.
Unvested stock options continue vesting until Apr 1, 2023; exercisable until Apr 1, 2024. Performance-based RSUs cancelled.
Two-year non-compete and non-solicit restrictions; exception for non-profit/public healthcare in Arizona.
Edward H. Sim previously appointed as new EVP and President, Acute Care, effective Dec 5, 2022.

item 5.02 item 9.01

Executive movements

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

Appointed

Edward H. Sim

Executive Vice President of the Company and President, Acute Care

UHS · UNIVERSAL HEALTH SERVICES INC

Effective: 2022-12-05
Filed: December 7, 2022, 6:59 PM ET

Edward H. Sim, the newly appointed Executive Vice President of the Company and President, Acute Care, whose employment commenced on December 5, 2022.

Departed

Marvin G. Pember

Executive Vice President of the Company and President, Acute Care

UHS · UNIVERSAL HEALTH SERVICES INC

Effective: 2022-12-31
Successor: Edward H. Sim
Filed: December 7, 2022, 6:59 PM ET

Marvin G. Pember, Executive Vice President of the Company and President, Acute Care, who has been with the Company since 2011, informed us of his intention to retire from his position after a transition period following the commencement of employment of Edward H. Sim, the newly appointed Executive Vice President of the Company and President, Acute Care, whose employment commenced on December 5, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward H. Sim was appointed as Executive Vice President of the Company and President, Acute Care at UNIVERSAL HEALTH SERVICES INC.

Action: appointed
Role: Executive Vice President of the Company and President, Acute Care

Exact text from the filing

Edward H. Sim, the newly appointed Executive Vice President of the Company and President, Acute Care, whose employment commenced on December 5, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marvin G. Pember retired as Executive Vice President of the Company and President, Acute Care at UNIVERSAL HEALTH SERVICES INC.

Action: retired
Role: Executive Vice President of the Company and President, Acute Care

Exact text from the filing

Marvin G. Pember, Executive Vice President of the Company and President, Acute Care, who has been with the Company since 2011, informed us of his intention to retire from his position after a transition period following the commencement of employment of Edward H. Sim, the newly appointed Executive Vice President of the Company and President, Acute Care, whose employment commenced on December 5, 2022.

View on SEC.gov

UNIVERSAL HEALTH SERVICES INC filing history →

Source: SEC EDGAR

accession 0001564590-22-039115

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.