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Get filing alertsTenet Healthcare names J. Michael Grooms as Principal Accounting Officer
Filed March 30, 2026 · Period ending March 25, 2026 · ~1 min read
Key Changes
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J. Michael Grooms, 48, appointed Senior Vice President & Controller effective April 6, 2026, and will become Principal Accounting Officer on May 1, 2026, succeeding retiring R. Scott Ramsey.
Item 5.02 verify on EDGAR → -
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Grooms brings 18+ years of healthcare accounting experience, serving as Chief Accounting Officer at Lifepoint Health since 2018 and holding various accounting leadership roles there from 2006-2018.
Item 5.02 verify on EDGAR → -
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Compensation package includes $475,000 base salary, 60% target bonus, $500,000 initial RSU grant vesting over 2-3 years, $250,000 sign-on bonus, and recommended 2027 equity award worth $350,000.
Item 5.02 verify on EDGAR →
Summary
Tenet Healthcare announced a planned leadership transition in its accounting function. J. Michael Grooms will join as Senior Vice President & Controller on April 6, 2026, and assume the Principal Accounting Officer role on May 1, 2026, following the retirement of R. Scott Ramsey.
Ramsey's retirement date was extended to April 30, 2026, with part-time transition services continuing through March 2028, suggesting an orderly handoff. For retail investors, this is a routine executive succession with no immediate financial impact.
Grooms' extensive background in healthcare accounting—including eight years as Chief Accounting Officer at Lifepoint Health—indicates continuity in financial reporting capabilities. The compensation package appears market-competitive for this role at a major healthcare provider. Watch for Tenet's next quarterly earnings report to assess whether the accounting transition proceeds smoothly and financial reporting quality remains consistent under new leadership.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On March 25, 2026, the Company appointed J. Michael Grooms, age 48, Senior Vice President & Controller of the Company, effective April 6, 2026. Mr. Grooms will succeed Mr. Ramsey as the Company’s Principal Accounting Officer effective May 1, 2026, following the effective date of Mr. Ramsey’s retirement.
Tenet Healthcare appointed J. Michael Grooms as Senior Vice President & Controller effective April 6, 2026, and he will become Principal Accounting Officer on May 1, 2026. This follows the planned retirement of R. Scott Ramsey, whose retirement date was extended to April 30, 2026, with part-time transition services continuing through March 31, 2028.
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Added in current filing · verify on EDGAR →
Mr. Grooms has served as Senior Vice President, Chief Accounting Officer for Lifepoint Health, Inc. (“Lifepoint”), a healthcare provider that serves patients, clinicians, communities and partner organizations across the healthcare continuum, since 2018. Between 2006 and 2018, Mr. Grooms held various other reporting and accounting leadership roles of increasing responsibility at Lifepoint. Mr. Grooms began his career in public accounting as an auditor with KPMG.
J. Michael Grooms brings extensive healthcare accounting experience, having served as Chief Accounting Officer at Lifepoint Health since 2018 and holding various accounting leadership roles there from 2006 to 2018. He started his career as an auditor with KPMG, providing a strong foundation in public accounting and financial reporting.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify