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Quotes & Info
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| THC > SEC Filings for THC > Form 8-K on 29-Jan-2013 | All Recent SEC Filings |
29-Jan-2013
Change in Directors or Principal Officers, Financial Statements and Exhibit
On January 28, 2013, Audrey Andrews, 46, was appointed as senior vice president and general counsel of Tenet Healthcare Corporation. Ms. Andrews has served as the company's senior vice president and chief compliance officer since August 2008. She was appointed as the company's chief compliance officer in 2006. Previously, she served as a member of the company's law department. A copy of the press release announcing Ms. Andrews' appointment is attached as Exhibit 99.1.
Ms. Andrews' annual base salary will be $410,000. As a participant in Tenet's annual incentive plan, Ms. Andrews will be eligible for an annual bonus, based on individual and company performance. Her target bonus award percentage under the plan has been set at 60% of annual base salary. Ms. Andrews will be eligible for annual stock-based incentives. She will also continue to participate in Tenet's supplemental executive retirement plan, executive severance plan and other benefit plans available to Tenet executive officers and employees, as described in Tenet's Definitive Proxy Statement for the Annual Meeting of Shareholders held on May 10, 2012 (the "2012 Proxy Statement"). Ms. Andrews does not have a written employment agreement.
Also, on January 28, 2013, Gary K. Ruff, 53, resigned as senior vice president and general counsel and was appointed the company's senior vice president, physician resources. In this new position, Mr. Ruff will oversee the operations of Tenet's network of physician practices and other physician relationship strategies. In connection with his appointment to this new role, Mr. Ruff will receive a retention grant of $350,000 in the form of restricted stock units. The restricted stock units will vest on the fifth anniversary of the grant date. Mr. Ruff does not have a written employment agreement.
(d) Exhibits
99.1 Press Release issued on January 29, 2013
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