UNIVERSAL HEALTH SERVICES, INC. (OTCMKTS:UHID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNIVERSAL HEALTH SERVICES, INC. (OTCMKTS:UHID) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Story continues below

(b) Departure of Director

We received notification on January 17, 2018 from Anthony Pantaleoni that he is retiring from the Board of Directors of Universal Health Services, Inc. (the “Company”) effective immediately.

(d) Election of new Director

On January 17, 2018, the Board of Directors of the Company elected Warren Nimetz to serve as a Class II Director of the Company to fill the vacancy created by the retirement of Mr. Pantaleoni for a term that commenced immediately and is scheduled to expire at the 2019 Annual Meeting of Stockholders. Mr. Nimetz will also serve as a member of our Executive Committee and Finance Committee. Mr.Nimetz’s compensation for his services as a director will be consistent with the standard compensation paid to other non-employee directors of the Company, as described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on April6, 2017.

Mr.Nimetz is a Partner in Norton Rose Fulbright US LLP.The Company engages Norton Rose Fulbright for a variety of legal services and paid approximately $212,000 in legal fees to the law firm in 2017. There are no arrangements or understandings between Mr.Nimetz and any other person to which Mr.Nimetz was selected as a director, and, other than as described above, there are no transactions between Mr.Nimetz and the Company that would require disclosure under Item404(a) of Regulation S-K.

Item 5.02 Financial Statements and Exhibits.

Not applicable.


About UNIVERSAL HEALTH SERVICES, INC. (OTCMKTS:UHID)

Universal Health Services, Inc. is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services. The Other segment includes centralized services, including information services, purchasing, reimbursement, accounting, taxation, legal, advertising, design and construction and patient accounting, as well as the operating results for its other entities, including outpatient surgery and radiation centers. Its services include general and specialty surgery, internal medicine, obstetrics, radiology, oncology, diagnostic care, coronary care, pediatric services and pharmacy. It operates over 20 inpatient acute care hospitals, over three free-standing emergency departments, and over 210 inpatient and over 20 outpatient behavioral healthcare facilities.

An ad to help with our costs