Surgery Partners Names New Directors, Updates Executive Pay
Ticker: SGRY · Form: 8-K · Filed: Aug 6, 2025 · CIK: 1638833
| Field | Detail |
|---|---|
| Company | Surgery Partners, Inc. (SGRY) |
| Form Type | 8-K |
| Filed Date | Aug 6, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: SGRY
TL;DR
Surgery Partners adds two directors and revises exec pay packages.
AI Summary
Surgery Partners, Inc. announced on August 4, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David M. D. Smith and Thomas S. "Steve" Smith, to its Board of Directors, effective August 4, 2025. Additionally, the company entered into new employment agreements with its named executive officers, including Chief Executive Officer, Thomas S. "Steve" Smith, and Chief Financial Officer, Michael J. Ra. These agreements detail compensation and severance packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Surgery Partners, Inc. (company) — Registrant
- David M. D. Smith (person) — Newly Elected Director
- Thomas S. "Steve" Smith (person) — Newly Elected Director and CEO
- Michael J. Ra (person) — Chief Financial Officer
- August 4, 2025 (date) — Effective date of director appointments and employment agreements
FAQ
Who are the newly elected directors to Surgery Partners' Board?
David M. D. Smith and Thomas S. "Steve" Smith were elected to the Board of Directors, effective August 4, 2025.
What is the effective date of the director appointments?
The new directors were elected effective August 4, 2025.
Which executive officers have new employment agreements?
The company entered into new employment agreements with its named executive officers, including CEO Thomas S. "Steve" Smith and CFO Michael J. Ra.
What is the principal executive office address for Surgery Partners?
The principal executive offices are located at 340 Seven Springs Way, Suite 600, Brentwood, Tennessee 37027.
What is the IRS Employer Identification Number for Surgery Partners?
The IRS Employer Identification Number for Surgery Partners is 47-3620923.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on August 6, 2025 by David M. D. Smith regarding Surgery Partners, Inc. (SGRY).