secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K/A
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001564590-22-039115
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000156459022039115/0001564590-22-039115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000156459022039115/uhs-8ka_20221021.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-039115

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