Acadia Healthcare Company, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 31, 2013, reporting an event that occurred on December 26, 2013. The filing concerns the compensation committee's approval of base salary adjustments for key executive officers, effective January 1, 2014.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to executive compensation adjustments.
Material Changes
The material change reported is the increase in annual base salaries for five executive officers. The filing does not provide prior salary figures to quantify the percentage increase.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or general management commentary regarding business performance. It strictly details the approved compensatory arrangements.
Executive Compensation Adjustments
| Executive Officer | Title | Base Salary (Effective Jan 1, 2014) |
|---|---|---|
| Joey A. Jacobs | Chief Executive Officer | $1,000,000 |
| Brent Turner | President | $500,000 |
| Ronald M. Fincher | Chief Operating Officer | $525,000 |
| David M. Duckworth | Chief Financial Officer | $400,000 |
| Christopher L. Howard | Executive Vice President, General Counsel and Secretary | $450,000 |
Key Facts for Investor Verification
- Verify the previous base salary amounts for each executive to calculate the specific percentage increase.
- Confirm if these salary adjustments were part of a broader compensation plan approved by shareholders.
- Check subsequent filings for any changes to performance-based compensation or equity awards associated with these roles.
- Review the company's proxy statement for the full context of the compensation committee's rationale.