Company: USPH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001140361-25-013467
Chunk: 19

Company: U S PHYSICAL THERAPY INC /NV
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 19
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 permitted to be present during any deliberations or voting with respect to his or her compensation. The committee’s processes and procedures for determining executive compensation are described below under “Compensation Discussion and Analysis.” Audit Committee The Audit Committee currently consists of Mr. Trier (Chairman), Dr. Harris and Ms. Motsenbocker. The Board of Directors has determined Ms. Motsenbocker and Mr. Trier to be “audit committee financial experts” under the rules of the SEC. As more fully described in the Audit Committee Charter, which can be found on our website at www.usph.com, the committee is responsible for, among other things:

| • | overseeing our financial reporting processes, including the quarterly reviews and annual audits of our financial statements by the independent auditors; |

| • | the appointment, compensation, retention and oversight of the work of the independent auditors; |

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| • | pre-approving audit and permitted non-audit services, and related fees and terms of engagement, provided by the independent auditors; |

| • | reviewing with management and independent auditors’ issues relating to disclosure controls and procedures and internal control over financial reporting; and |

| • | reviewing the internal audit department responsibilities, budget, staffing and the scope and results of internal audit work. |

The Audit Committee Charter requires that the committee consist of at least three independent members of our Board. At each regular Audit Committee meeting, the committee meets privately with management and with the independent auditors, and at least twice per year it meets privately with the Internal Audit Manager. Compensation Committee Interlocks and Insider Participation The current members of the Compensation Committee are Ms. Gilmartin (Chair), Ms. Motsenbocker and Mr. Swanson. None of the members of the Compensation Committee is, or during 2024 was, an officer or employee of the Company or any of its subsidiaries, nor has any of the members ever been an officer of the Company. Furthermore, none of our executive officers has served on the board of directors or compensation committee of any other entity that has or has had an executive officer who served as a member of our Board of Directors or Compensation Committee during 2024. Codes of Conduct and Procedures Regarding Related Party Transactions Codes of Conduct Our Board has approved, and we have adopted a Code of Business Conduct and Ethics for our officers and all employees, an additional Code of Business Conduct and Ethics which is applicable to our directors, and Corporate Governance Guidelines. The Codes and Corporate Governance Guidelines