Concentra sets post-retirement consulting role for CMO
Concentra Group Holdings Parent, Inc. outlined post-retirement arrangements for Executive Vice President and Chief Medical Officer Dr. John R. Anderson.
Rhea-AI Filing Summary
Concentra Group Holdings Parent, Inc. outlined post-retirement arrangements for Executive Vice President and Chief Medical Officer Dr. John R. Anderson. Following his previously disclosed retirement effective December 31, 2026, Dr. Anderson will transition to a part-time consulting role with subsidiary Concentra Health Services, Inc.
The consulting agreement is effective from January 1, 2027 through December 31, 2027, with either party able to terminate on 30 days’ notice and Concentra able to terminate immediately for Cause. Dr. Anderson will provide up to 10 hours of consulting services per week at $216.00 per hour, and his outstanding unvested restricted stock awards under the 2024 Equity Incentive Plan will continue to vest during the term while he provides services. If he completes the term without termination for Cause or voluntary resignation, 25% of his then-unvested restricted stock will vest, while all unvested equity will be forfeited upon earlier termination for Cause or voluntary resignation, subject to execution of specified releases.
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8-K Event Classification
Key Figures
Key Terms
Consulting Agreement regulatory
Cause regulatory
restricted stock awards financial
Equity Incentive Plan financial
general release of claims regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive change did Concentra Group Holdings Parent, Inc. (CON) report for Dr. John R. Anderson?
What are the key terms of Dr. Anderson’s consulting role with Concentra (CON)?
How will Dr. Anderson’s equity awards be treated under the Concentra (CON) consulting agreement?
What happens to Dr. Anderson’s unvested equity if his consulting with Concentra (CON) ends early?
Can the consulting agreement between Dr. Anderson and Concentra (CON) be terminated early?
AI-generated analysis. How Rhea-AI works. Not financial advice.