0001104659-13-005553.txt : 20130129 0001104659-13-005553.hdr.sgml : 20130129 20130129164845 ACCESSION NUMBER: 0001104659-13-005553 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130128 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130129 DATE AS OF CHANGE: 20130129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TENET HEALTHCARE CORP CENTRAL INDEX KEY: 0000070318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 952557091 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07293 FILM NUMBER: 13555931 BUSINESS ADDRESS: STREET 1: 1445 ROSS AVENUE STREET 2: SUITE 1400 CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 469-893-2701 MAIL ADDRESS: STREET 1: 1445 ROSS AVENUE STREET 2: SUITE 1400 CITY: DALLAS STATE: TX ZIP: 75202 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL MEDICAL ENTERPRISES INC /NV/ DATE OF NAME CHANGE: 19920703 8-K 1 a13-3915_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 


 

Date of Report:  January 28, 2013

(Date of earliest event reported)

 


 

TENET HEALTHCARE CORPORATION

(Exact name of Registrant as specified in its charter)

 

Nevada

 

1-7293

 

95-2557091

(State of Incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification Number)

 

1445 Ross Avenue, Suite 1400

Dallas, Texas  75202

(Address of principal executive offices, including zip code)

 

(469) 893-2200

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02(b) and (c)     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

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.

 

Item 9.01                   Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

99.1                        Press Release issued on January 29, 2013

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TENET HEALTHCARE CORPORATION

 

 

 

 

 

By:

/s/ Paul A. Castanon

 

 

Paul A. Castanon

 

 

Vice President, Deputy General Counsel

 

 

and Corporate Secretary

 

 

 

 

Date: January 29, 2013

 

 

3



 

EXHIBIT INDEX

 

99.1                        Press Release issued on January 29, 2013

 

4


EX-99.1 2 a13-3915_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

Tenet Healthcare Announces Executive Changes

Gary K. Ruff Named Senior Vice President, Physician Resources;

Audrey Andrews Named General Counsel

 

Dallas  —  January 29, 2013 — Tenet Healthcare Corporation (NYSE: THC) today announced that Gary K. Ruff, currently Tenet’s senior vice president and general counsel, has been named senior vice president, physician resources.  In this new position, Ruff will oversee the operations of Tenet’s network of physician practices and other physician relationship strategies.

 

Also today, Tenet announced that Audrey Andrews, currently Tenet’s senior vice president and chief compliance officer, has been named senior vice president and general counsel.  Andrews successfully managed the company’s completion of its obligations under the Corporate Integrity Agreement, which ended in September 2011.  She has an extensive legal background in healthcare and a strong record of effective leadership at Tenet.  Vanessa Benavides, who currently serves as Tenet’s corporate compliance officer, will succeed Andrews as vice president and chief compliance officer reporting directly to the quality, compliance and ethics committee of Tenet’s board of directors.

 

“Gary is a seasoned executive who has played an integral role in the development and implementation of our operational strategy for many years.  His deep knowledge of our hospitals, markets and physician arrangements make him an ideal candidate to lead this critical organization,” said Trevor Fetter, Tenet’s president and chief executive officer. “Additionally, Audrey is an experienced attorney with extensive experience in diverse areas of healthcare and corporate law.  Her strong relationships with our excellent team of internal and external attorneys, resulting from her previous service in the law department and from her work as chief compliance officer, will provide a seamless transition to her new position as general counsel.”

 

In his new role, Ruff, 53, will work to finalize the structure and strategic initiatives for the physician resources organization moving forward.  He will report to Britt Reynolds, president of hospital operations.  Ruff joined Tenet in 1992 as a hospital operations counsel supporting the company’s Gulf States Region and Tenet Physician Services, was promoted to vice president and assistant general counsel in 2004, and was named senior vice president and general counsel in 2008.  Before joining Tenet, Ruff was a tax manager for Deloitte & Touche LLP where he specialized in corporate reorganizations and individual tax planning.

 



 

Andrews, 46, first joined Tenet as a hospital operations counsel in 1998.  She led the regulatory group within the law department, with responsibility for Medicare reimbursement, quality of care and other regulatory issues, until her promotion to chief compliance officer in 2006.  She currently serves on the board of directors of the Federation of American Hospitals and as the vice chair of that organization’s Legal and Operational Policy Committee.  Andrews is a member of the Health Care Compliance Association, the American and Texas Bar Associations and the American Health Lawyers Association.  Andrews holds a Bachelor of Arts degree in government and a Doctor of Jurisprudence, both from the University of Texas at Austin.

 

Benavides, 37, joined Tenet in 2005 as associate counsel in the regulatory group of the law department.  She was promoted to senior counsel in 2008 and corporate compliance officer in 2010.   The Dallas Business Journal recognized Benavides as one of its “40 Under 40” in 2012.

 

“The versatility of these executives in taking on new and different positions is an example of our deep bench of diverse and talented management—a critical element in driving greater integration and coordination across our entire business,” added Fetter.

 

Tenet Healthcare Corporation, a leading health care services company, through its subsidiaries operates 49 hospitals, over 100 free-standing outpatient centers and Conifer Health Solutions, a leader in business process solutions for health care providers serving more than 500 hospital and health care entities nationwide. Tenet’s hospitals and related health care facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.

 

# # #

 

Media: Rick Black (469) 893-2647

Investors: Thomas Rice (469) 893-2522

Rick.Black@tenethealth.com

Thomas.Rice@tenethealth.com

 

This document contains “forward-looking statements” — that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.”  Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2011, our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The Company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.

 

Tenet uses its company website to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.

 


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