Vanguard CEO Charles Martin Jr.'s Compensation Tops $3.7M

Charles Martin Jr., CEO and board chairman of Nashville, Tenn.-based Vanguard Health Systems, recorded total compensation of $3.7 million for the fiscal year ended June 30, 2011 — a 54 percent increase from his 2010 compensation of $2.4 million, according to documents filed with the U.S. Securities and Exchange Commission.

Mr. Martin's base salary in FY 2011 constituted $1.1 million of the $3.7 million. Non-equity incentive plan compensation and other bonuses — which included meeting targets of adjusted EBITDA — totaled $2.59 million. Mr. Martin also received $14,208 in "other compensation," which included a matching contribution made under Vanguard's 401(k) plan and insurance premiums.

Kent Wallace, Vanguard president and COO, made $2.13 million in total compensation in FY 2011, a 50 percent increase from FY 2010. The large increase, similar to Mr. Martin, was due to bonuses received from meeting financial goals. Mr. Wallace's base salary was $685,000.

Vanguard CFO Phillip Roe earned $1.67 million last fiscal year, which included a $525,000 base salary and more than $1.1 million in bonuses and non-equity incentive plan compensation. In FY 2010, Mr. Roe recorded $965,165 in total compensation.

Bradley Perkins, MD, chief transformation officer, made more than $3.46 million. Roughly $1.9 million of that total reflected stock awards.

More Articles on Hospital Executive Compensation:

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