Wondering what former Gov. Phil Bredesen will receive for his service on the board of hospital chain Vanguard Health Systems? So were we — and then Vanguard told us in a filing with the Securities and Exchange Commission. Per the plan the board adopted last month, Bredesen will get a $100,000 annual retainer, $20,000 every 12 months as a member of Vanguard's audit and governance committee and another $150,000 in restricted shares each year.
By the way, this new director pay package — which ex-WellPoint officer Carol Burt was the first to receive — is significantly more generous than Vanguard's previous policy. Search here for "standardized director."
Greg Sandfort, president and chief merchandising officer at Tractor Supply, has been elected to the board of cleaning and maintenance products maker WD-40. Sandfort becomes the ninth board member at the San Diego-based company (Ticker: WDFC), which has annual sales of about $340 million and a market cap of some $700 million.
David White, the chairman and former CEO of hospital chain Iasis Healthcare, has been elected to the board of Reach Health, an Atlanta-based telemedicine venture. Reach initially focused only on stroke care but has since branched out to other disciplines. It counts local players HCA and Community Health Systems among its customers.
The board appointment is White's second this summer. Last month, he was named a director of a Dallas health IT company.
Emdeon's directors have elected former HealthSpring CFO Kevin McNamara to join them on the board of the health care transaction intermediary. McNamara takes the place of Philip Pead, executive chairman of Allscripts, who was re-elected in May with the understanding that the company would search for a replacement. McNamara, who retired from his HealthSpring role more than two years ago, will take Pead's place on the board's audit and nominating/governance committees.
Franklin-based Iron Solutions, which publishes valuation guides for farm equipment, has recruited former Deere sales executive Terry Mosier to its board of directors. CEO Darwin Melnyk says Mosier, who is the first manufacturing executive on the board, will be a "relentless dealer advocate and educator." Iron Solutions moved its HQ here from Missouri 18 months ago.
Tractor Supply Chairman and CEO Jim Wright has been named a candidate for election to the board of directors of tax preparation giant H&R Block. Wright, who has led Brentwood-based Tractor Supply since 2004, also is a director of regional grocer Spartan Stores.