Concentra Group Holdings Parent, Inc. Announces Amendment to Employment Agreement with President and Chief Financial Officer

Concentra Group Holdings Parent, Inc. (NYSE: CON) reported in a recent 8-K filing a significant development regarding an amendment to the Employment Agreement with Matthew T. DiCanio, the President and Chief Financial Officer of the company. The filing detailed that the Amendment was executed on October 25, 2024. It reflected Mr. DiCanio’s updated title and highlighted changes in his base salary effective from January 1, 2024.

The Amendment outlined that Mr. DiCanio is now eligible to receive annual performance-based incentive compensation and equity compensation awards under the company’s 2024 Equity Incentive Plan, as determined by the Human Capital and Compensation Committee of the Board of Directors. Furthermore, the Amendment enhanced Mr. DiCanio’s severance benefits in the event of termination from nine to eighteen months. It also confirmed his eligibility to receive these benefits following a change of control within the company.

While the filing presented a summary of the Amendment, it emphasized that the description provided was not exhaustive and directed interested parties to refer to the complete document filed as Exhibit 10.1 to review the details accurately.

In the same 8-K filing, Concentra Group Holdings Parent, Inc. reported the submission of the First Amendment to the Employment Agreement as Exhibit 10.1. Additionally, an Interactive Data File (embedded within the Inline XBRL document) was submitted as Exhibit 104.

Concentra Group Holdings Parent, Inc. expressed that the information provided in the filing adequately complies with the requirements of the Securities Exchange Act of 1934. The report was duly signed on behalf of the registrant by Michael E. Tarvin, the Executive Vice President and Secretary of the company on October 30, 2024.

For further information and details, interested parties are encouraged to review the complete filing on the Securities and Exchange Commission’s website.

This update signifies an important step in aligning top leadership with the company’s objectives and compensation structure. Investors and stakeholders closely follow such amendments as they reflect the company’s commitment to talent retention and rewarding key executives.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Concentra Group Holdings Parent’s 8K filing here.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.