Tenet Healthcare Corporation
04/10/2026 | Press release | Distributed by Public on 04/10/2026 15:00
Management Change/Compensation (Form 8-K)
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 9, 2026, Tenet Healthcare Corporation (the "Company") and Paola Arbour entered into a Retirement Transition Agreement and General Release (the "Agreement") that provides that Ms. Arbour will retire from her role as Executive Vice President and Chief Information Officer effective December 31, 2026, but will remain employed on a part-time basis in a non-executive role through April 1, 2028 to provide continuing transition services and support. Under the Agreement, Ms. Arbour will receive a weekly salary of $820 from the date her full-time employment ends through April 1, 2028. While Ms. Arbour will remain eligible to receive a bonus payment for 2026 under the Company's Annual Incentive Plan, she will not be eligible for any bonus payment for 2027. In addition, Ms. Arbour's outstanding equity awards will continue to vest in accordance with their terms, she will remain eligible to participate in the Company's medical, dental and prescription benefits, and Ms. Arbour will continue to vest and receive service credit under the Company's Executive Retirement Account through April 1, 2028. The Agreement includes a general release of claims in favor of the Company and also requires Ms. Arbour to provide a confirming release of claims on April 1, 2028.
The summary of the Agreement contained herein is qualified in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference herein in its entirety.
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