No pay raises for Community Health Systems CEO and CFO in 2016

Community Health Systems Chairman and CEO Wayne T. Smith and the Franklin, Tenn.-based system's CFO W. Larry Cash will see no change in their base salary in 2016.

"In 2015, our performance fell below our financial targets, which significantly impacted the compensation paid to our CEO and CFO," said CHS in a recent Securities and Exchange Commission filing.

Mr. Smith's base salary is again set at $1.6 million in 2016. His performance-based restricted stock grants will fall 68 percent from a value of $7.3 million in 2015 to $2.3 million in 2016.

There was also no adjustment made to Mr. Cash's salary for 2016, which will remain at $850,000.

CHS ended the final quarter of 2015 with a loss of $83 million, down from a profit of $100 million a year earlier.

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