In 2016, Richard M. Smith earned $1.96M in total compensation at Option Care Health, Inc., primarily from $607.50K salary. Led Option Care Health, Inc. as CEO for 6 years.
Compensation History
Annual executive compensation data for Richard M. Smith, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$1.96M
Salary
$607.50K
Bonus
$0.00
Other
$1.35M
Salary
$607.50KBoard Justification
The compensation philosophy aims to attract, retain, and motivate executives while aligning their compensation with the company's performance and market benchmarks.
Bonus
$0.00Board Justification
The annual cash bonus for the former Chief Executive Officer was targeted at 100% of base salary, but no cash incentives were paid to any member of management who participated in the cash incentive plan due to not meeting the financial performance target for 2016.
Other Compensation
$1.35MBoard Justification
This includes severance payment of $1,300,000 and health and welfare benefits amounting to $52,641.
Restricted Stock
Board Justification
No stock awards vested in 2016 as the focus is on cash compensation and the stock grants are not included in the total compensation calculation.
Performance Metrics
The performance metrics for the CEO's compensation were tied to the company's achievement of Adjusted EBITDA of $59.7 million, which was not met in 2016.
Richard M. Smith
Ex-CEO of Option Care Health, Inc.
Education
Not specified
Field of Expertise
Healthcare & Life Sciences - Healthcare
Sector of Economy
Healthcare
Born
January 1, 1961 - 64 years ago
CEO of Option Care Health, Inc. for
6 years 8 months (Jan 2010 - Sep 2016)
Previous Experience
Chief Executive Officer and a director of Byram Healthcare Centers, Inc.; President and Chief Operating Officer of Option Care, Inc.
Other Option Care Health, Inc. CEOs
Holdings
Track Richard M. Smith's stock holdings and portfolio value over time.
Insider Trading
Richard M. Smith's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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