Team Health Holdings Inc Reports Operating Results (10-K/A)

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Feb 28, 2011
Team Health Holdings Inc (TMH, Financial) filed Amended Annual Report for the period ended 2010-12-31.

Team Health Holdings Inc. has a market cap of $1.17 billion; its shares were traded at around $18.09 with a P/E ratio of 17.07 and P/S ratio of 0.44.

Highlight of Business Operations:

As of June 30, 2010 (the last business day of the registrants most recently completed second fiscal quarter), the aggregate market value of the voting and non-voting common equity held by non-affiliates (for this purpose, all outstanding and issued common stock minus stock held by the officers, directors and known holders of 10% or more of the registrants common stock) was $247.7 million, based on the closing price of the registrants common stock reported on the New York Stock Exchange on such date of $12.92 per share.

would be effective on July 1. In addition, base salaries may be adjusted at other times during the year in connection with promotions or increased responsibilities or to maintain competitiveness within the market. In 2010, the base salaries of Dr. Massingale and Ms. Allen were increased by 2.0%, Mr. Roths was increased by 23.3%, and Mr. Jones was increased by 10.7% effective July 1, 2010. The Compensation Committees decision to increase the base salary of Mr. Roth and Mr. Jones was based on a number of factors, including a desire to provide a more competitive base salary in light of the results of CAPs evaluation discussed under Compensation Determination Process, their increased roles and responsibilities as the CEO and CFO of a public company and their individual performance in their respective roles. Although the Compensation Committee relied on the results of CAPs study to assess the competitiveness of the executives base salaries, and the increased base salaries of Mr. Roth and Mr. Jones that they approved approximated the median of the Compensation Comparison Group for equivalent positions, the Compensation Committee did not have or use a specific target within the range when making their decision. See Compensation Determination Process. As a result of these increases, the annual base salary rates of our named executive officers as of July 1, 2010 were as follows: Dr. Massingale$607,476; Mr. Roth$740,000; Mr. Jones$400,000; and Ms. Allen$321,300.

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