01—Abstract
Summary
Summary of the 8-K filed March 30, 2026. Cited figures are marked; the original filing is the authoritative source.
Tenet Healthcare Corporation (THC) disclosed changes to its finance leadership in this Current Report.
R. Scott Ramsey, Senior Vice President & Controller and Principal Accounting Officer, previously announced plans to retire effective March 31, 2026; that effective date has now been moved to April 30, 2026. Mr. Ramsey will remain employed part-time through March 31, 2028, to provide continuing transition services and support.
The Company appointed J. Michael Grooms, age 48, as Senior Vice President & Controller effective April 6, 2026, on March 25, 2026. Mr. Grooms will succeed Mr. Ramsey as Principal Accounting Officer effective May 1, 2026.
He previously served as Senior Vice President, Chief Accounting Officer at Lifepoint Health, Inc. since 2018, following various reporting and accounting roles at Lifepoint from 2006 to 2018, and began his career as an auditor with KPMG. Under his offer letter, Mr. Grooms will receive an annual base salary of $475,000,a a target cash bonus of 60% of salary, an initial RSU grant with an approximate grant date value of $500,000 vesting half on the second and half on the third anniversary of the grant date, and a recommendation for a 2027 equity award with an approximate grant date value of $350,000 (50% service-based RSUs, 50% performance-based RSUs).
He will also receive a $250,000b cash sign-on bonus and relocation benefits. The filing also includes an inline XBRL cover page interactive data file as its only listed exhibit.
02—Key points
Key Highlights
- R. Scott Ramsey's retirement as Senior Vice President & Controller (Principal Accounting Officer) is now effective April 30, 2026, instead of March 31, 2026.
- Ramsey will remain employed part-time through March 31, 2028, for continuing transition services and support.
- J. Michael Grooms, age 48, was appointed Senior Vice President & Controller effective April 6, 2026, and will become Principal Accounting Officer effective May 1, 2026.
- Grooms joins from Lifepoint Health, Inc., where he served as Senior Vice President, Chief Accounting Officer since 2018, and previously held reporting and accounting roles there from 2006 to 2018.
- Grooms' compensation includes a $475,000 annual base salary, a 60% target cash bonus, and a $250,000 cash sign-on bonus.
- Grooms' equity package includes an initial RSU grant with an approximate grant date value of $500,000 and a recommended 2027 equity award with an approximate grant date value of $350,000, split 50% service-based and 50% performance-based RSUs.
03—Questions
Frequently Asked Questions
Who is replacing R. Scott Ramsey as Principal Accounting Officer?
J. Michael Grooms, currently Senior Vice President, Chief Accounting Officer at Lifepoint Health, Inc., will succeed Ramsey as Principal Accounting Officer effective May 1, 2026, after Ramsey's retirement becomes effective on April 30, 2026.
Why did the timing of Ramsey's retirement change?
The filing states that the effective date of Ramsey's retirement has been changed from March 31, 2026 to April 30, 2026. It does not give a reason for the change.
What is Ramsey's role after retirement?
Ramsey will remain employed on a part-time basis through March 31, 2028, to provide continuing transition services and support.
What compensation will the new controller receive?
Grooms will receive an annual base salary of $475,000, a target cash bonus of 60% of salary, an initial RSU grant with an approximate grant date value of $500,000 vesting half on the second anniversary and half on the third anniversary of the grant date, a recommendation for a 2027 equity award of approximately $350,000 (50% service-based RSUs and 50% performance-based RSUs), a $250,000 cash sign-on bonus, and relocation benefits.
When does Grooms take on his new responsibilities?
Grooms was appointed Senior Vice President & Controller effective April 6, 2026, and will become Principal Accounting Officer effective May 1, 2026.
04—Continue