UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15 2021, Joseph A. Hastings, D.M.D. was elected as a director to the board of directors of Community Health Systems, Inc. (the “Company”) and accepted this appointment. His term will expire at the 2022 Annual Meeting of Stockholders. Prior to such appointment, the Company’s board of directors increased the number of directors of the Company from eleven to twelve. Dr. Hastings has not yet been appointed to any committees of the board of directors.
Dr. Hastings will receive compensation as a non-employee director in accordance with the Company’s non-employee director compensation program described in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on April 1, 2021. There is no arrangement or understanding pursuant to which Dr. Hastings was selected as a director, and the Company has no related party transactions with Dr. Hastings or any of his related persons that would require disclosure under Item 404(a) of Regulation S-K.
On September 15, 2021, the Company issued a press release announcing the appointment of Dr. Hastings. A copy of the press release is filed as Exhibit 99.1 to the Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
The following exhibits are filed herewith:
| 99.1 | Community Health Systems, Inc. Press Release, dated September 15, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 15, 2021 | COMMUNITY HEALTH SYSTEMS, INC. | |||||
| (Registrant) | ||||||
| By: | /s/ Tim L. Hingtgen | |||||
| Tim L, Hingtgen | ||||||
| Chief Executive Officer | ||||||
| (principal executive officer) | ||||||
Exhibit 99.1
COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES APPOINTMENT OF NEW INDEPENDENT DIRECTOR
FRANKLIN, Tenn. (September 15, 2021) – Community Health Systems, Inc. (NYSE: CYH) today announced the appointment of Joseph A. Hastings, D.M.D. to its Board of Directors for a term expiring at the 2022 Annual Meeting of Stockholders.
Dr. Hastings, age 67, is a private practice orthodontist in Mobile, Alabama, with over 37 years of healthcare experience. From 2016 until July 2020, Dr. Hastings served on the board of directors of Quorum Health Corporation, an operator of general acute care hospitals and outpatient services, where he also served on its compensation committee, governance committee, and patient safety and quality of care committee. He has served in numerous leadership positions in local, state, and national dental and orthodontic societies. Board certified in orthodontics, Dr. Hastings has been published in several orthodontic journals and holds two United States patents. He graduated with honors from the University of Alabama at Birmingham School of Dentistry, and completed his post-doctoral training at the Louisiana State University School of Dentistry in New Orleans.
“Dr. Hastings brings valuable perspective as a healthcare practitioner to the CHS board,” said Wayne T. Smith, executive chairman of Community Health Systems, Inc.’s Board of Directors. “His experience managing a healthcare practice and years as a practicing orthodontist will provide beneficial insights and strengthen an already outstanding group of directors. Our Board of Directors is committed to providing strong governance of our organization as we work to deliver value to our shareholders and quality healthcare to the communities we serve.”
As of September 15, 2021, the Company’s board members are: Wayne T. Smith, John A. Clerico, Michael Dinkins, James S. Ely III, John A. Fry, Joseph A. Hastings, D.M.D., Tim L. Hingtgen, Elizabeth T. Hirsch, William Norris Jennings, M.D., K. Ranga Krishnan, MBBS, Julia B. North (Lead Independent Director), and H. James Williams, PhD.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country. The Company, through its subsidiaries, owns or leases 84 affiliated hospitals in 16 states with an aggregate of approximately 13,000 licensed beds. The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” More information about the Company can be found on its website at www.chs.net.
Investor Contacts:
Kevin J. Hammons
President and Chief Financial Officer
615-465-7000
or
Ross W. Comeaux
Vice President – Investor Relations
615-465-7012
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