Concentra Group Holdings Appoints New Directors, Director Departs
Ticker: CON · Form: 8-K · Filed: Nov 29, 2024 · CIK: 2014596
Sentiment: neutral
Topics: board-changes, director-departure, director-election
TL;DR
Board shakeup at Concentra: David White out, Riff and Dvorak in as directors.
AI Summary
Concentra Group Holdings Parent, Inc. announced on November 26, 2024, the departure of Director David R. White. The company also elected two new directors, Michael J. Riff and David M. Dvorak, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting future decisions and investor confidence.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Concentra Group Holdings Parent, Inc. (company) — Registrant
- David R. White (person) — Departing Director
- Michael J. Riff (person) — Newly Elected Director
- David M. Dvorak (person) — Newly Elected Director
- November 26, 2024 (date) — Effective date of changes
FAQ
Who has departed from the board of directors at Concentra Group Holdings Parent, Inc.?
David R. White has departed from the board of directors.
When were the board changes effective?
The changes were effective as of November 26, 2024.
Who are the newly elected directors?
Michael J. Riff and David M. Dvorak have been elected as new directors.
What is the filing date of this 8-K report?
The filing date is November 29, 2024.
What is the primary business of Concentra Group Holdings Parent, Inc. according to the filing?
The company is classified under SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093].
Filing Stats: 482 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-11-29 16:38:07
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share CON New York St
Filing Documents
- tm2429785d1_8k.htm (8-K) — 25KB
- 0001104659-24-124122.txt ( ) — 194KB
- con-20241126.xsd (EX-101.SCH) — 3KB
- con-20241126_lab.xml (EX-101.LAB) — 33KB
- con-20241126_pre.xml (EX-101.PRE) — 22KB
- tm2429785d1_8k_htm.xml (XML) — 4KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): November 26, 2024 CONCENTRA GROUP HOLDINGS PARENT, INC. (Exact Name of Registrant as Specified in Its Charter) 001-42188 (Commission File Number) Delaware 30-1006613 (State or Other Jurisdiction of Incorporation) (I.R.S. Employer Identification No.) 5080 Spectrum Drive , Suite 1200W Addison , TX , 75001 (Address of principal executive offices) (Zip code) ( 972 ) 364-8000 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share CON New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter): Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Compensatory Arrangements of Executive Officers On November 26, 2024, the Human Capital and Compensation Committee awarded restricted shares of the Concentra Group Holdings Parent, Inc.'s (the "Company") common stock to certain of the named executive officers pursuant to the Company's 2024 Equity Incentive Plan. The shares awarded to Messrs. Newton, DiCanio, deLormier and Gallara and the shares awarded to Ms. Nelson will vest equally on each of the first four anniversaries of the date of grant. The grant of restricted stock to each named executive officer is listed below. Name of Executive Shares of Restricted Stock Granted W. Keith Newton 225,000 Matthew T. DiCanio 180,000 John A. deLorimier 60,000 Giovanni Gallara 60,000 Su Zan Nelson 60,000 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. CONCENTRA GROUP HOLDINGS PARENT, INC. Date: November 29, 2024 By: /s/ Timothy Ryan Timothy Ryan Executive Vice President, Chief Legal Counsel and Secretary