CHS boosts exec compensation

Franklin, Tenn.-based Community Health Systems has increased base salaries and updated compensation structures for several key executives, according to a Form 8-K filed with the SEC, 

The company's board approved base salary increases of about 3% for various executives for fiscal year 2024. Here are the updated base salaries:

  • Tim Hingtgen, CEO: $1,326,125
  • Kevin Hammons, CFO: $795,675
  • Lynn Simon, MD, president of healthcare innovation and chief medical officer: $679,691
  • Mark Medley, regional president-region operations: $672,000 
  • Kevin Stockton, executive vice president of operations and development: $710,000
  • Chad Campbell, regional president-region operations $672,000

CHS also approved performance goals as part of its employee performance incentive plan. The following target opportunities are expressed as a percentage of base salary: 

  • Mr. Hingtgen: 225%
  • Mr. Hammons: 125%
  • Dr. Simon: 105%
  • Mr. Medley: 115%
  • Mr. Stockton: 105%
  • Mr. Campbell: 115%

The executives will also have the opportunity to earn an additional percentage of their base salary if they hit specific non-financial performance targets up to a maximum of an additional 40% for Mr. Hingtgen; 35% for Mr. Hammons; 20% for each of Dr. Simon and Mr. Stockton; and 10% for each of Mr. Medley and Mr. Campbell. 

Each leader can earn a further percentage of their base pay for overachievement of performance goals up to a maximum of an additional 35% for Mr. Hingtgen and an additional 25% for each of Mr. Hammons, Dr. Simon, Mr. Stockton, Mr. Medley and Mr. Campbell.

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