0001193125-16-513450.txt : 20160322 0001193125-16-513450.hdr.sgml : 20160322 20160322161034 ACCESSION NUMBER: 0001193125-16-513450 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160316 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: 20160322 DATE AS OF CHANGE: 20160322 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: 161521236 BUSINESS ADDRESS: STREET 1: 1445 ROSS AVENUE STREET 2: SUITE 1400 CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 469-893-2200 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 d167125d8k.htm 8-K 8-K

 

 

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: March 16, 2016

(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:

 

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

 

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

 

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

 

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

 

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 16, 2016, Britt T. Reynolds notified Tenet Healthcare Corporation (the “Company”) of his decision to resign as the Company’s President of Hospital Operations. Mr. Reynolds informed the Company that he has accepted a position with another company.

On March 22, 2016, the Company appointed J. Eric Evans as the Company’s President of Hospital Operations. Mr. Evans’ appointment is effective immediately. Mr. Evans, 38, has served continuously in various capacities at a number of subsidiaries of the Company since 2004, including most recently as the Chief Executive Officer of the Company’s Texas Region. Prior to that, Mr. Evans served as CEO of the Company’s Hospitals of Providence (formerly known as the Sierra Providence Health Network) in El Paso, Texas, and as CEO of the Company’s Dallas-based Lake Pointe Health Network. A copy of the press release announcing Mr. Evans’ appointment is filed as Exhibit 99.1 to this Form 8-K.

Mr. Evans will receive an annual base salary of $650,000. As a participant in the Company’s annual incentive plan, Mr. Evans will be eligible for an annual bonus, based on individual and company performance. For 2016, his target bonus award percentage under the plan has been set at 100% of his annual base salary. In addition, Mr. Evans will be entitled to participate in the Company’s long-term stock incentive plan, executive severance plans and other benefits to the same extent as other executive officers as described in the Company’s definitive proxy statement for the Annual Meeting of Shareholders held on May 7, 2015. In connection with his appointment as President of Hospital Operations, Mr. Evans will receive (i) time-based restricted stock units having a grant date value of $500,000, which will vest in equal installments over a three-year period, and (ii) performance-based restricted stock units having a grant date value of $500,000. The vesting of the performance-based stock units is contingent upon the Company’s achievement of specified performance goals for the three-year period that ends on December 31, 2018.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

99.1    Press Release issued on March 22, 2016


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: March 22, 2016


EXHIBIT INDEX

 

99.1    Press Release issued on March 22, 2016
EX-99.1 2 d167125dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Tenet Appoints Eric Evans President of Hospital Operations

DALLAS – March 22, 2016 – Tenet Healthcare Corporation (NYSE: THC) today announced that Eric Evans, chief executive officer of the company’s Texas Region, has been appointed president of Hospital Operations, effective immediately. Mr. Evans succeeds Britt Reynolds, who has resigned to accept another position outside of the organization.

In his new role, Mr. Evans will oversee 84 acute care hospitals, over 170 hospital-affiliated outpatient facilities, over 700 physician practices, and other related healthcare services and functions within the company. He will report to Trevor Fetter, chairman and CEO.

“Eric is an extremely talented executive and operator who has consistently demonstrated the leadership skills needed to drive continued growth in our hospital business,” said Mr. Fetter. “Since joining Tenet in 2004, Eric has quickly ascended to critical leadership positions at the company, including his most recent role as CEO of our largest hospital region and previous tenure as CEO of our multi-hospital network in El Paso, Texas. His passion, tenacity and results-driven management focus will inject new energy into our biggest operating segment. I couldn’t be more pleased to appoint Eric to this important position, and I am confident we will benefit from his continued contributions.”

Mr. Evans said, “It is an honor to lead Tenet’s hospital operations at such a dynamic period. We have a strong network of care facilities with tremendous prospects ahead, and I am incredibly enthusiastic about the compelling opportunities to deliver greater value for our patients. I look forward to working with the entire Hospital Operations team to enhance the performance of our hospitals and related facilities, and collaborating with my colleagues at Conifer and USPI for the benefit of the entire Tenet enterprise.”

Mr. Evans will work with Mr. Reynolds to ensure a seamless transition of responsibilities. Mr. Fetter added, “On behalf of the entire company, I want to thank Britt for his years of service to Tenet. During his tenure, we expanded our hospital network by more than 70 percent and built a strategic outpatient business that helped propel Tenet into a market-leading position in ambulatory services. We are grateful for his many contributions and wish him well in his future endeavors.”

Eric Evans Biographical Information

As CEO of the Texas Region, Mr. Evans has been responsible for overseeing the operations and strategic direction for 20 acute care hospitals and more than 50 outpatient centers in Texas and Missouri. Prior to assuming that position, Mr. Evans served as market CEO of The Hospitals of Providence (formerly known as the Sierra Providence Health Network) in El Paso, Texas. While there, he


oversaw numerous strategic initiatives for the multi-hospital network, including the company’s collaboration with Texas Tech University Health Sciences Center for the development of a new teaching hospital. In addition, he held a number of other leadership positions at Tenet, including CEO of Dallas-based Lake Pointe Health Network (Lake Pointe) and also chief operating officer of Lake Pointe. Earlier in his career, Mr. Evans was an industrial engineer and a material flow coordinator at Saturn Corporation, a former subsidiary of General Motors Co.

Mr. Evans serves as chairman of the board of directors for the El Paso branch of the Federal Reserve Bank of Dallas. In addition, he is an American College of Healthcare Executives (ACHE) Fellow. He received a bachelor of science degree in Industrial Management from Purdue University and an MBA from Harvard Business School.

About Tenet Healthcare

Tenet Healthcare Corporation is a diversified healthcare services company with more than 130,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International, the company operates 84 general acute care hospitals, 20 short-stay surgical hospitals and over 470 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet’s Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks, physician groups, self-insured organizations and health plans. For more information, please visit www.tenethealth.com.

The terms “THC”, “Tenet Healthcare Corporation”, “the company”, “we”, “us” or “our” refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

###

 

Corporate Communications

Charles Nicolas

469-893-2640

mediarelations@tenethealth.com

 

Investor Relations

Brendan Strong

469-893-6992

investorrelations@tenethealth.com

 

Page 2

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