For fiscal year 2012, Alan Miller, chairman and CEO of King of Prussia, Pa.-based Universal Health Services, recorded total compensation of $11.7 million, a 6.7 percent drop from last year's total, according to a proxy disclosure filed with the U.S. Securities and Exchange Commission.
In 2011, Mr. Miller earned $12.5 million. For 2012, his base salary increased marginally to $1.43 million, while his stock awards and options totaled more than $8.32 million. Mr. Miller's bonuses and incentives for 2012 were down more than 85 percent compared with 2011, totaling $385,575. He also received almost $1.5 million in "other" compensation, which included $11,497 for county club dues, $3,870 for maintenance to his personal home and $476 for sporting event tickets.
UHS CFO Steve Filton earned $1.4 million in 2012, down from $1.8 million in 2011. His base salary increased to $507,519, but like Mr. Miller, his incentives were also down significantly.
Marvin Pember, UHS' senior vice president and president of the acute-care division, had the second-highest compensation package in the company, after Mr. Miller. In 2012, he made $2.73 million, which included a $575,022 base salary and a $1 million cash bonus, paid in August, for his one-year anniversary with UHS. Mr. Pember previously was CFO of Indiana University Health in Indianapolis.
Marc Miller, president of UHS and son of Alan Miller, also saw lower compensation in 2012. His total pay was $1.88 million, compared with $2.41 million the year prior.
In 2011, Mr. Miller earned $12.5 million. For 2012, his base salary increased marginally to $1.43 million, while his stock awards and options totaled more than $8.32 million. Mr. Miller's bonuses and incentives for 2012 were down more than 85 percent compared with 2011, totaling $385,575. He also received almost $1.5 million in "other" compensation, which included $11,497 for county club dues, $3,870 for maintenance to his personal home and $476 for sporting event tickets.
UHS CFO Steve Filton earned $1.4 million in 2012, down from $1.8 million in 2011. His base salary increased to $507,519, but like Mr. Miller, his incentives were also down significantly.
Marvin Pember, UHS' senior vice president and president of the acute-care division, had the second-highest compensation package in the company, after Mr. Miller. In 2012, he made $2.73 million, which included a $575,022 base salary and a $1 million cash bonus, paid in August, for his one-year anniversary with UHS. Mr. Pember previously was CFO of Indiana University Health in Indianapolis.
Marc Miller, president of UHS and son of Alan Miller, also saw lower compensation in 2012. His total pay was $1.88 million, compared with $2.41 million the year prior.
More Articles on Hospital Executive Compensation:
Compensation for Capella CEO Dan Slipkovich Rises to $938k
Tenet CEO Trevor Fetter's Compensation Rises 5% to $11.2M
Universal Health Services Releases Details on Exec Bonuses for 2013