Retiring CEO Hingtgen to advise Community Health Systems (CYH) under 1-year deal

Rhea-AI Filing Summary

Community Health Systems, Inc. reported that its wholly owned subsidiary CHSPSC, LLC entered into a consultancy agreement with retiring Chief Executive Officer Tim L. Hingtgen. Effective after his retirement as director and executive officer on September 30, 2025, Mr. Hingtgen will serve as a consultant from October 1, 2025 through September 30, 2026, advising the management team on healthcare operations, strategy, and other assignments as requested by Interim Chief Executive Officer Kevin J. Hammons or his designee. Under the agreement, Mr. Hingtgen will receive consulting fees of $33,333.33 per month and will be subject to restrictions on competition, solicitation, and conflicts of interest with CHSPSC, LLC or its affiliates. The full consulting agreement is filed as Exhibit 10.1.

Insights

Corporate governance and compensation analyst

Routine CEO transition consultancy with defined pay and non-compete terms.

The company has formalized a one-year consulting arrangement with retiring CEO Tim L. Hingtgen, running from October 1, 2025 to September 30, 2026. He will advise on healthcare operations, strategy, and other assignments at the request of Interim CEO Kevin J. Hammons or his designee.

The agreement provides monthly consulting fees of $33,333.33, clarifying compensation for the transition period. It also includes restrictions on competing, solicitation, and conflicts of interest with CHSPSC, LLC or its affiliates, which helps protect the organization’s interests as leadership responsibilities shift.

This appears to be a standard leadership transition and retention of institutional knowledge rather than a transformative event. Future disclosures in periodic reports may add context on longer-term leadership arrangements beyond September 30, 2026.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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): September 30, 2025 (September 30, 2025)

COMMUNITY HEALTH SYSTEMS, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-15925	13-3893191
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
4000 Meridian Boulevard
Franklin, Tennessee				37067
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (615) 465-7000

(Former Name or Former Address, if Changed Since Last Report)

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, $.01 par value		CYH		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 September 30, 2025, CHSPSC, LLC, a wholly-owned subsidiary of Community Health Systems, Inc. (the “Company”), entered into a consultancy agreement (the “Consulting Agreement”) with Tim L. Hingtgen, the Company’s retiring Chief Executive Officer. As previously disclosed in a Current Report on Form 8-K filed by the Company on July 23, 2025, Mr. Hingtgen is retiring as a director and executive officer of the Company effective September 30, 2025. Pursuant to the Consulting Agreement, Mr. Hingtgen will advise the Company’s management team on healthcare operations and strategy and other assignments as requested by Kevin J. Hammons, Interim Chief Executive Officer and/or his designee. The term of the Consulting Agreement will be October 1, 2025 to September 30, 2026. During the term of the Consulting Agreement, Mr. Hingtgen will be entitled to receive consulting fees of $33,333.33 per month and will be subject to certain restrictions on competing, solicitation and conflicts of interest with CHSPSC, LLC or its affiliates.

The foregoing summary of the Consulting Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Consulting Agreement, which is filed as Exhibit 10.1 hereto and incorporated into this report by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
10.1		Consultancy Agreement, dated September 30, 2025, by and between CHSPSC, LLC and Tim L. Hingtgen
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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.

			COMMUNITY HEALTH SYSTEMS, INC. (Registrant)
Date:	September 30, 2025	By:	/s/ Christopher G. Cobb
			Christopher G. Cobb Vice President - Legal and Corporate Secretary

FAQ

What did Community Health Systems (CYH) announce about its retiring CEO?

Community Health Systems, Inc. disclosed that CHSPSC, LLC entered into a consultancy agreement with retiring Chief Executive Officer Tim L. Hingtgen, effective after his retirement on September 30, 2025.

How long will Tim L. Hingtgen serve as a consultant to Community Health Systems (CYH)?

Under the consulting agreement, Tim L. Hingtgen will serve as a consultant from October 1, 2025 through September 30, 2026.

What is the monthly consulting fee for Tim L. Hingtgen at Community Health Systems (CYH)?

Tim L. Hingtgen is entitled to receive consulting fees of $33,333.33 per month during the term of his consulting agreement with CHSPSC, LLC.

What will Tim L. Hingtgen do as a consultant for Community Health Systems (CYH)?

As a consultant, Tim L. Hingtgen will advise the company’s management team on healthcare operations and strategy and handle other assignments requested by Interim CEO Kevin J. Hammons and/or his designee.

Are there non-compete or conflict restrictions in Tim L. Hingtgen’s consulting agreement with CYH?

Yes. During the consulting term, Tim L. Hingtgen will be subject to restrictions on competing, solicitation, and conflicts of interest with CHSPSC, LLC or its affiliates.

Where can investors find the full text of the consulting agreement with CYH’s retiring CEO?

The full Consultancy Agreement dated September 30, 2025 between CHSPSC, LLC and Tim L. Hingtgen is filed as Exhibit 10.1 to the report.