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Tenet Healthcare Announces Annual Meeting Voting Results

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The annual meeting of shareholders of Tenet Healthcare Corporation (NYSE:THC) was held on May 7, 2015. At the annual meeting, the company’s common stock holders voted to elect ten nominees to the board of directors and approve two additional proposals put forth by the company.

Additionally, following the annual meeting, the Tenet board of directors voted to appoint Ed Kangas, current chairman, as lead independent director and Trevor Fetter, president and chief executive officer of Tenet, as chairman, effective immediately.

The results of the shareholder votes on the election of directors and two additional proposals are as follows:

Proposal 1 – Election of Ten Director Nominees

The Tenet Healthcare Corporation common stock holders voted to elect all of the board’s nominees for director:

  • Trevor Fetter, president and chief executive officer, Tenet Healthcare Corporation
  • Brenda J. Gaines, retired president and chief executive officer, Diners Club North America
  • Karen M. Garrison, retired president, Pitney Bowes Business Services
  • Edward A. Kangas, retired chairman and chief executive officer, Deloitte Touche Tohmatsu
  • J. Robert Kerrey, executive chairman of the Minerva Institute for Research and Scholarship; and former United States Senator
  • Freda C. Lewis-Hall, M.D., executive vice president and chief medical officer, Pfizer, Inc.
  • Richard R. Pettingill, retired president and chief executive officer, Allina Hospitals and Clinics
  • Ronald A. Rittenmeyer, retired president and chief executive officer, Expert Global Solutions, Inc.; and former chairman, president and chief executive officer, Electronic Data Systems Corporation
  • Tammy Romo, senior vice president of finance and chief financial officer, Southwest Airlines Co.
  • James A. Unruh, principal, Alerion Capital Group LLC

Each director was elected individually to serve a one-year term.

Proposal 2 – Advisory Approval of Company’s Executive Compensation

The Tenet Healthcare Corporation common stock holders voted to approve the advisory resolution on the compensation of the company’s Named Executive Officers.

Proposal 3 – Ratify Selection of Deloitte & Touche LLP as Independent Registered Public Accountants for 2015

The Tenet Healthcare Corporation common stock holders voted to ratify the selection of Deloitte & Touche LLP, an independent registered public accounting firm, as auditors of the company for the fiscal year ending December 31, 2015.

The final voting results will be disclosed in an upcoming Form 8-K to be filed with the Securities and Exchange Commission.

About Tenet Healthcare

Tenet Healthcare Corporation is a national, diversified healthcare services company with 110,000 employees united around a common mission: to help people live happier, healthier lives. The company operates 80 hospitals, 216 outpatient centers, six health plans and Conifer Health Solutions, a leading provider of healthcare business process services in the areas of revenue cycle management, value based care and patient communications. For more information, please visit www.tenethealth.com.

The terms “THC”, “Tenet Healthcare Corporation”, “the company”, “we”, “us” or “our” refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.

This release contains “forward-looking statements” – that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “assume,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, but are not limited to, the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2014, and in our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.

Tenet uses its company website to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.

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