Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Executive Officer Salary Reductions in Response to COVID-19 Pandemic:
On June 1, 2020, in response to the COVID19 pandemic, the Compensation Committee
of the Board of Directors of Universal Health Services, Inc. (the "Company")
approved the following reductions to the base salaries of the Executive Officers
of the Company: (i) Mr. Alan B. Miller's base salary will be reduced by 100% for
the two-month period from June 1, 2020 through July 31, 2020, and; (ii) the base
salaries for Messrs. Marc D. Miller, Steve G. Filton, Marvin G. Pember and
Matthew J. Peterson will be reduced by 20% for the three-month period from June
1, 2020 through August 31, 2020.
In addition, the base salaries of all non-executive officers of the Company, and
certain other members of the Company's senior management team, will be reduced
during the three-month period of June 1, 2020 through August 31, 2020, by
various percentages ranging from 20% to 5%.
Contributions by the Company to the UHS Foundation (an Employee Assistance
Fund):
In conjunction with the above-mentioned reductions to the base salaries of the
Company's officers and certain other members of the senior management team, the
Company intends to contribute the funds generated from the base salary
reductions to the UHS Foundation, its previously established employee assistance
fund. In addition, the UHS Foundation will also be accepting voluntary
contributions from other employees of the Company and other parties.
The UHS Foundation, which was established to assist our employees that are
significantly impacted by various events such as FEMA-qualified natural
disasters and presidential-declared natural disasters, intends to evaluate the
hardships caused by COVID-19 on certain of the Company's employees and their
families, and to consider disbursement of funds to those employees that are most
in need of financial assistance.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Universal Health Services, Inc.
By: /s/ Steve Filton
Name: Steve Filton
Title: Executive Vice President and
Chief Financial Officer
Date: June 4, 2020
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UNIVERSAL HEALTH SERVICES, INC. 
