In 2011, Mr. Thornton made $362,742. The major spike in compensation was due to $209,000 in stock option awards. SunLink’s stock crashed after the economic collapse of 2008 and has struggled to recover since. Shares are currently trading around $1.02 and have fluctuated between $1.64 and $0.90 all year. Mr. Thornton’s base salary in 2012 was $359,700, a 9 percent increase from 2011, and he also received a bonus of $57,806.
Ron Turner, SunLink’s COO and chief development officer, was the next highest-paid executive, earning $394,917 in 2012. Mr. Turner’s base salary increased 65 percent to $259,560. He received a bonus of $11,526 and stock option awards totaling $83,600.
SunLink CFO Mark Stockslager’s total compensation increased 40.5 percent year-over-year, from $192,879 in 2011 to $271,013 in 2012. Mr. Stockslager’s base salary was $182,585, and he received a bonus of $20,354. His stock option awards totaled $41,800.
SunLink ended FY 2012 on a positive note, recording $5.11 million in profit in the fourth quarter and $1.08 million in profit on the year. In 2011, SunLink lost $16.1 million, but the for-profit hospital has sold several assets — including Memorial Hospital of Adel (Ga.) and Southern Missouri Healthcare in Dexter — to repay debt and invest in its remaining hospitals.
More Articles on Hospital Executive Compensation:
Detroit Medical Center CEO Mike Duggan Takes Salary Cut to Explore Mayoral Run
Local Editorial: Executive Pay Measure at El Camino Hospital Should Be Buried
Compensation for Vanguard CEO Charles Martin Jr. Doubles to $7.9M in 2012
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
