IASIS CEO Carl Whitmer's Compensation Hits $5.58M in 2011

For the fiscal year ended Sept. 30, 2011, Carl Whitmer, president and CEO of Franklin, Tenn.-based IASIS Healthcare, recorded total compensation of $5.58 million, which includes potential stock option awards, according to documents filed with the U.S. Securities and Exchange Commission.

Of that $5.58 million, $3.73 million were stock option awards granted to Mr. Whitmer during FY 2011. According to the SEC filing, "there is no certainty that the named executive officer will realize any value from these stock options."

However, Mr. Whitmer's base salary in 2011 was $741,667, a 27 percent increase from his 2010 salary of $585,458. He also received $1.1 million in short-term incentives and $8,123 in "other compensation."

IASIS COO Phillip Mazzuca recorded $4.52 million in compensation in 2011, with $3.48 million of that amount in stock option awards. IASIS CFO John Doyle made $1.97 million, which included a $400,000 base salary and $1.31 million in stock option awards.

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