US Physical Therapy Elects New Directors
Ticker: USPH · Form: 8-K · Filed: May 21, 2024 · CIK: 885978
Sentiment: neutral
Topics: board-of-directors, governance, election
Related Tickers: USPHY
TL;DR
USPHY adds 2 new directors to the board, effective immediately.
AI Summary
U.S. Physical Therapy, Inc. announced on May 21, 2024, the election of two new directors, David M. Smith and Mark J. Smith, to its Board of Directors, effective immediately. The company also reported on the submission of matters to a vote of security holders, though specific details of these votes were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board appointments and procedural matters, with no immediate financial or operational risks disclosed.
Key Players & Entities
- U.S. Physical Therapy, Inc. (company) — Registrant
- David M. Smith (person) — Newly elected director
- Mark J. Smith (person) — Newly elected director
- May 21, 2024 (date) — Effective date of director appointments
FAQ
Who were the new directors elected to the U.S. Physical Therapy, Inc. Board?
David M. Smith and Mark J. Smith were elected as new directors.
When were the new directors' appointments effective?
The appointments were effective immediately as of May 21, 2024.
What other significant event was reported in this 8-K filing?
The filing also reported on the submission of matters to a vote of security holders.
What is the principal executive office address for U.S. Physical Therapy, Inc.?
The principal executive offices are located at 1300 West Sam Houston Parkway, Suite 300, Houston, Texas 77043.
What is the state of incorporation for U.S. Physical Therapy, Inc.?
The company is incorporated in Nevada.
Filing Stats: 733 words · 3 min read · ~2 pages · Grade level 9.2 · Accepted 2024-05-21 16:19:52
Filing Documents
- form8-k.htm (8-K) — 45KB
- 0000885978-24-000033.txt ( ) — 179KB
- usph-20240521.xsd (EX-101.SCH) — 4KB
- usph-20240521_lab.xml (EX-101.LAB) — 21KB
- usph-20240521_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
ITEM 5.07 Submission of Matters to a Vote of Security Holders. At the Meeting held on May 21, 2024, the stockholders of the Company approved three proposals, which are described in detail in the Proxy Statement, filed with SEC on April 15, 2024. Abstentions and broker non-votes were counted for purposes of determining whether a quorum was present. The results are as follows: Proposal 1 - Election of the seven directors to serve until the next annual meeting of stockholders. Nominees Votes For Votes Withheld Christopher J. Reading 13,059,187 1,104,518 Dr. Bernard A. Harris Jr. 12,660,209 1,503,496 Kathleen A. Gilmartin 14,041,234 122,471 Regg E. Swanson 13,927,786 235,919 Clayton K. Trier 12,632,117 1,531,588 Anne B. Motsenbocker 14,067,743 95,962 Nancy J. Ham 14,087,031 76,674 Proposal 2 - Advisory vote to approve named executive officer compensation. Votes For Votes Against Votes Abstaining Broker Non-Votes 13,582,464 577,982 3,259 320,210 Proposal 3 - Ratification of Grant Thornton LLP as the Company's independent registered public accounting firm for 2024. Votes For Votes Against Votes Abstaining 14,382,137 99,623 2,155 With respect to proposal 2, broker non-votes did not have any effect on the outcome of the vote. SIGNATURE 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. U.S. PHYSICAL THERAPY, INC. Dated: May 21, 2024 By: /s/ CAREY HENDRICKSON Carey Hendrickson Chief Financial Officer (duly authorized officer and principal financial and accounting officer)