According to the agreement, which was posted on the Securities and Exchange Commission website, Mr. Starcher will receive an annual base salary of $800,000. In addition, he received a cash signing bonus of $778,650. Mr. Starcher is eligible to receive a $1.5 million retention bonus on Dec. 26.
Health Management also disclosed that it paid Kerrin Gillespie, former senior vice president of finance, $250,000 as part of a separation agreement. The for-profit hospital company will also pay Mr. Gillespie’s car allowance and club dues for six months.
Mr. Gillespie, along with former CFO Kelly Curry, resigned in September. Health Management’s largest shareholder, Glenview Capital Management, criticized their financial leadership over the summer.
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