DaVita Appoints New CFO, Joel Ackerman

TL;DR

DaVita names Joel Ackerman as new CFO, starting Aug 12 with $600K salary + bonuses.

AI Summary

On August 8, 2024, DaVita Inc. filed an 8-K report to disclose the appointment of a new Chief Financial Officer, Joel G. Ackerman, effective August 12, 2024. He will receive an annual base salary of $600,000 and is eligible for a discretionary annual bonus. Ackerman will also receive a sign-on bonus of $500,000 and equity awards valued at $3,000,000.

Why It Matters

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

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive appointment and compensation, with no immediate financial distress or significant operational changes indicated.

Key Numbers

• $600,000 — Annual Base Salary (For new CFO Joel G. Ackerman)
• $500,000 — Sign-on Bonus (For new CFO Joel G. Ackerman)
• $3,000,000 — Equity Awards Value (For new CFO Joel G. Ackerman)

Key Players & Entities

• DaVita Inc. (company) — Registrant
• Joel G. Ackerman (person) — Newly appointed Chief Financial Officer
• $600,000 (dollar_amount) — Annual base salary for Joel G. Ackerman
• $500,000 (dollar_amount) — Sign-on bonus for Joel G. Ackerman
• $3,000,000 (dollar_amount) — Value of equity awards for Joel G. Ackerman
• August 12, 2024 (date) — Effective date for Joel G. Ackerman's appointment

FAQ

Key Financial Figures

• $0.001 — ge on which registered: Common Stock, $0.001 par value DVA New York Stock Exchan
• $1.0 billion — vate offering (the "Notes Offering") of $1.0 billion aggregate principal amount of the Compa

Filing Documents

• dva4364011-8k.htm (8-K) — 24KB
• dva4364011-ex991.htm (EX-99.1) — 15KB
• dva4364011-ex991x1x1.jpg (GRAPHIC) — 42KB
• 0001206774-24-000776.txt ( ) — 271KB
• dva-20240808.xsd (EX-101.SCH) — 3KB
• dva-20240808_pre.xml (EX-101.PRE) — 22KB
• dva-20240808_lab.xml (EX-101.LAB) — 33KB
• dva4364011-8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On August 8, 2024, DaVita Inc. (the "Company") issued a press release, made pursuant to Rule 135c promulgated under the Securities Act of 1933, as amended, announcing the pricing of its previously announced private offering (the "Notes Offering") of $1.0 billion aggregate principal amount of the Company's 6.875% Senior Notes due 2032 (the "2032 Notes"). The Notes Offering is expected to close on August 13, 2024, subject to satisfaction of customary closing conditions. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. This Current Report on Form 8-K (and the exhibit hereto) shall not constitute an offer to sell or the solicitation of an offer to buy the 2032 Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated August 8, 2024. 104.1 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. DAVITA INC. Date: August 8, 2024 By: /s/ Joel Ackerman Joel Ackerman Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR