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Form 8-K · Current Report · Filed 2024-05-31

BrightSpring Health Services Implements New Executive Cash Bonus Plan

On May 29, 2024, BrightSpring Health Services, Inc.

Filer
BrightSpring Health Services BTSG · NASDAQ
Filed
Accession
0000950170-24-067369
CIK
0001865782
Signal
Low impactHealthcare

Details

adopted a Senior Executive Cash Incentive Bonus Plan to reward key employees based on the attainment of performance targets set by the Compensation Committee. This plan includes both corporate performance goals and individual performance objectives, with bonuses payable within two and a half months of the fiscal year-end if the targets are met. The Bonus Plan is filed as Exhibit 10.1 to this report.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Executive Compensation Detail
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$11.45

Next session

+0.6%

Since filing

+421.5%

Latest close

$59.71

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BTSG reporting the same item, with the next session's move:

Exhibits (1)

About BrightSpring Health Services

BrightSpring Health Services is a leading provider in the healthcare sector, offering comprehensive home and community-based health services. Its primary function is to deliver a broad spectrum of integrated care solutions, ranging from home nursing care, rehabilitation services, to behavioral health support. BrightSpring is instrumental in addressing the needs of vulnerable populations, including individuals with intellectual, developmental, and behavioral health challenges. Operating across various states in the U.S., the company plays a critical role in the transition of patients from institutional settings to community-based environments, facilitating improved access to healthcare services and enhancing quality of life. BrightSpring's services extend into residential and day treatment programs, emphasizing a patient-centered approach to healthcare delivery. In the financial market, BrightSpring Health Services is significant due to its contribution to the growing demand for home healthcare services. As the population ages and healthcare models evolve towards more personal and manageable settings, BrightSpring's expertise in these areas becomes increasingly pivotal. The company's emphasis on comprehensive care and its diverse service offerings underscore its importance in shaping the future of healthcare accessibility and delivery.

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