Concentra Group Holdings Parent, Inc. Announces Executive and Board Changes
Ticker: CON · Form: 8-K · Filed: Jan 15, 2025 · CIK: 2014596
Sentiment: neutral
Topics: executive-change, board-change, management-transition
TL;DR
New CEO and COO appointed at Concentra Group Holdings Parent, Inc. as board sees shakeup.
AI Summary
Concentra Group Holdings Parent, Inc. announced on January 9, 2025, changes in its board of directors and executive officers. Specifically, David M. D. Smith resigned as a director, and the company elected three new directors: Robert J. Nealon, David M. D. Smith, and Michael J. R. Smith. Additionally, the company appointed Michael J. R. Smith as Chief Executive Officer and David M. D. Smith as Chief Operating Officer.
Why It Matters
This filing indicates significant leadership transitions within Concentra Group Holdings Parent, Inc., which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in key executive and board positions can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- Concentra Group Holdings Parent, Inc. (company) — Registrant
- David M. D. Smith (person) — Resigned Director, Appointed COO
- Robert J. Nealon (person) — Elected Director
- Michael J. R. Smith (person) — Elected Director, Appointed CEO
- January 9, 2025 (date) — Date of Earliest Event Reported
FAQ
Who has been appointed as the new Chief Executive Officer?
Michael J. R. Smith has been appointed as the new Chief Executive Officer.
Who has been appointed as the new Chief Operating Officer?
David M. D. Smith has been appointed as the new Chief Operating Officer.
Which director resigned from the board?
David M. D. Smith resigned as a director.
How many new directors were elected to the board?
Three new directors were elected: Robert J. Nealon, David M. D. Smith, and Michael J. R. Smith.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is January 9, 2025.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2025-01-15 16:01:26
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share CON New York St
Filing Documents
- tm253426d1_8k.htm (8-K) — 25KB
- 0001104659-25-003747.txt ( ) — 194KB
- con-20250109.xsd (EX-101.SCH) — 3KB
- con-20250109_lab.xml (EX-101.LAB) — 33KB
- con-20250109_pre.xml (EX-101.PRE) — 22KB
- tm253426d1_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): January 9, 2025 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 On January 9, 2025, the Human Capital and Compensation Committee of the Board of Directors (" Board ") of Concentra Group Holdings Parent, Inc. (the " Company ") approved the 2025 base salary for each of William K. Newton, Matthew T. DiCanio, Greg M. Gilbert, Su Zan Nelson and Danielle Kendall. 2025 Base Salary Effective on January 9, 2025, the 2025 base salary of each named executive officer was approved as set forth in the following table. Named Executive Officer 2025 Base Salary William K. Newton Chief Executive Officer $ 850,000 Matthew T. DiCanio President and Chief Financial Officer $ 575,000 John A. deLorimier Executive Vice President, Chief Information and Technology Officer $ 450,000 Su Zan Nelson Executive Vice President and Chief Accounting Officer $ 400,000 Giovanni Gallara Executive Vice President and Chief Clinical Services Officer $ 400,000 The above named executive officers are also eligible to participate in 2025 in the Company's Executive Leadership Team Incentive Plan and Executive Leadership Team Long Term Cash Incentive Plan. 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: January 15, 2025 By: /s/ Timothy Ryan Timothy Ryan Executive Vice President and Chief Legal Counsel