Health Management Associates, Inc. Executive Officer Cash Bonus Awards for 2008
Health Management Associates, Inc. has finalized and approved cash bonuses for certain executive officers for the year ended December 31, 2008. The bonuses, covering both annual and long-term incentive compensation, were approved by the Compensation Committee and are provided under the company's Amended and Restated 1996 Executive Incentive Compensation Plan. The named officers receiving these bonuses include the Chief Financial Officer, Chief Administrative Officer, and General Counsel. Details of the plan and award forms are referenced in the company's proxy statement and annual report.
Exhibit 10.30
Health Management Associates, Inc.
Certain Executive Officer Compensation Information
Effective February 24, 2009, Health Management Associates, Inc. (the “Company”) finalized the determination of cash bonuses to certain of its named executive officers. Those bonuses, which pertain to the Company’s annual and long-term incentive compensation programs for the year ended December 31, 2008, were approved by the Compensation Committee of the Board of Directors of the Company. The table below summarizes those bonuses.
| Executive Officer | Annual Cash Bonus | Long-Term Incentive Compensation Cash Bonus | ||||
| Robert E. Farnham, | $ | 235,000 | $ | 14,583 | ||
| Kelly E. Curry, | $ | 396,563 | $ | 35,156 | ||
| Timothy R. Parry, | $ | 205,625 | $ | 9,115 | ||
The cash bonuses described above were made under the Company’s Amended and Restated 1996 Executive Incentive Compensation Plan (the “EICP”), a comprehensive executive compensation plan in which the Company’s named executive officers, among others, may participate. A summary of the EICP is contained in the Company’s definitive proxy statement dated March 31, 2008 under the heading “Proposal Two: Proposal to Amend and Restate the Health Management Associates, Inc. 1996 Executive Incentive Compensation Plan – Summary of the EIPC,” which summary is incorporated herein by reference. Such description is qualified in its entirety by reference to the actual EICP, which can be found at Exhibit A to the Company’s definitive proxy statement dated March 31, 2008. Additionally, the form of Cash Performance Award under the EICP relating to the long-term incentive compensation cash bonuses disclosed in the above table can be found at Exhibit 10.26 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008.
