AMN Healthcare Appoints New CFO, Announces Compensation

TL;DR

AMN Healthcare names Brian Hoffer as new CFO, starting Oct 7th with $450k salary + stock.

AI Summary

AMN Healthcare Services, Inc. announced on October 3, 2024, the appointment of Brian C. Hoffer as Chief Financial Officer, effective October 7, 2024. Hoffer will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus. He will also receive a grant of restricted stock units valued at $1,000,000.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $450,000 — CFO Base Salary (Annual compensation for Brian C. Hoffer)
• $1,000,000 — CFO Stock Grant (Value of restricted stock units awarded to Brian C. Hoffer)

Key Players & Entities

• AMN HEALTHCARE SERVICES, INC. (company) — Registrant
• Brian C. Hoffer (person) — Appointed Chief Financial Officer
• $450,000 (dollar_amount) — Annual base salary for new CFO
• $1,000,000 (dollar_amount) — Value of restricted stock units granted to new CFO
• October 3, 2024 (date) — Date of report
• October 7, 2024 (date) — Effective date for new CFO

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share AMN NYSE Indicate by ch
• $630,000 — ll receive an annualized base salary of $630,000. On December 15, 2024, Mr. Scott will r
• $2,000,000 — ceive a one-time equity grant valued at $2,000,000, comprised of 50% time-vested restricte

Filing Documents

• eh240540042_8k.htm (8-K) — 32KB
• eh240540042_ex9901.htm (EX-99.1) — 10KB
• 0000950142-24-002513.txt ( ) — 217KB
• amn-20241003.xsd (EX-101.SCH) — 3KB
• amn-20241003_lab.xml (EX-101.LAB) — 33KB
• amn-20241003_pre.xml (EX-101.PRE) — 22KB
• eh240540042_8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 3, 2024, AMN Healthcare Services, Inc. ("AMN" or the "Company") announced that Brian Scott will join AMN as its Chief Financial Officer and Chief Operating Officer ("CFO/COO") reporting to Cary Grace, AMN's President and Chief Executive Officer. Mr. Scott will join the AMN leadership team and assume the responsibilities of CFO/COO on November 21, 2024. Mr. Scott's appointment follows the recent announcement by the Company of the departure of Jeffrey Knudson from his role as the Company's CFO, effective November 8, 2024, to pursue an opportunity with a private company outside of the healthcare industry. In his role as CFO/COO, Mr. Scott, age 55, will be responsible for AMN's finance and enterprise operating functions. Mr. Scott is returning to AMN, having previously served as the Company's Chief Financial Officer and Chief Accounting Officer, from 2011 to 2021. Immediately prior to re-joining AMN, Mr. Scott served as Chief Financial Officer of Jack in the Box, Inc., a franchisor in the quick-service restaurant industry, since August 2023. Previously, he served as Chief Financial Officer of ShiftKey, a leading digital platform connecting independent, licensed healthcare professionals with open shifts at healthcare facilities in the U.S., from June 2023 to August 2023, and as ShiftKey's Chief Strategy Officer from September 2022 to June 2023. Mr. Scott also served as Chief Financial Officer of TheKey, a provider of home care services, from August 2021 to August 2022. Mr. Scott first joined AMN in 2003, and served in a variety of roles of increasing responsibility in finance and accounting roles over a 17-year career with the Company. He received a Bachelor's degree in accounting and finance from California Polytechnic State University-San Luis Obispo, and a Master of Business Administration from the

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. EXHIBIT No. DESCRIPTION 99.1 Press release issued by the Company on October 3, 2024. 99.2 Form of Amended and Restated Severance Agreement, effective as of May 8, 2020 (Management Contract or Compensatory Plan or Arrangement) (Incorporated by reference to Exhibit 10.4 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC on May 11, 2020). 99.3 Form of Indemnification Agreement-Officer and Director (Incorporated by reference to Exhibit 10.14 of the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2009, filed with the SEC on March 5, 2010). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMN Healthcare Services, Inc. Date: October 3, 2024 By: /s/ Cary Grace Name: Cary Grace Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR