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AI brief of an SEC Form 8-K · Universal Health Services (UHS)

Universal Health Services renews CEO Marc Miller's employment agreement through 2028

Neutral Impact 3 of 5 leadership Written later

On March 19, 2025, Universal Health Services' Compensation Committee approved 2025 bonus formulae for executive officers and granted 2025 stock awards, and replaced the employment agreements of CEO Marc D. Miller and Executive Chairman Alan B. Miller. The filing sets Marc Miller's 2025 salary at $1,500,000, a 6.7% increase, with his term scheduled to end January 1, 2028, and Alan Miller's 2025 salary at $1,125,000, a 4.0% increase, with his term scheduled to end January 1, 2027. The filing describes routine executive pay terms and does not report a change in leadership or financial results.

Key points

  • Marc D. Miller's 2025 salary is $1,500,000, a 6.7% increase over 2024, with an annual bonus target of 150% of salary; his term is scheduled to end January 1, 2028.
  • Alan B. Miller's 2025 salary is $1,125,000, a 4.0% increase over 2024; his term is scheduled to end January 1, 2027.
  • 2025 executive bonuses can pay between 0% and 200% of target, based on adjusted net income per diluted share and return on capital.
  • On March 19, 2025, the Committee granted restricted stock units at a grant-date value of $178.08 per share; Marc Miller received 28,077 time-based and 28,077 performance-based units.

The filing

CompanyUniversal Health Services (UHS)
Form8-K, current report
Filed with the SECMar 20, 2025, 4:15 PM ET
Accession number0000950170-25-042671

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 20, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.