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    Howard G. Berger

    Chief Executive Officer at RadNet Inc
    Board
    Since 1987
    Age
    79 years
    Education
    Earned an M.D. degree from the University of Illinois Medical School with additional training in Internal Medicine and participation in a master’s program in medical physics within the University of California system.
    Tenure
    Joined in 1987 as President and CEO and became Chairman of the Board in 1992, marking nearly 40 years of leadership.
    Other Roles
    President/Co-President of Beverly Radiology Medical Group III

    Also at RadNet Inc

    AGS
    A. Gregory Sorensen
    Executive Vice President and Chief Science Officer at RadNet
    CNG
    Christine N. Gordon
    Senior Vice President of Operations, Northern California
    DJK
    David J. Katz
    Executive Vice President and Chief Legal Officer

    About

    Howard G. Berger, M.D., is a seasoned leader in the diagnostic imaging industry with nearly 40 years of experience at RadNet, Inc., where he has significantly influenced the company’s strategic direction through his roles as President, Chief Executive Officer, and Chairman of the Board.

    Educated at the University of Illinois Medical School, he earned his M.D. and further honed his expertise with training in Internal Medicine and a master’s program in medical physics within the University of California system, laying a solid foundation for his contributions to medical imaging.

    His tenure at RadNet has been marked by continuous innovation and effective governance, underscoring his commitment to operational excellence and transparency. This blend of clinical knowledge and business acumen has positioned him as a pivotal figure in advancing diagnostic imaging technology and patient care.

    $RDNT Performance Under Howard G. Berger

    External Roles

    OrganizationRoleDate RangeDetails
    Beverly Radiology Medical Group (BRMG) President Current Indirectly owns 99% of equity interests
    Pronet Imaging Medical Group, Inc. Co-President Current N/A
    Radar Medical Systems, L.L.C. President Current N/A
    Arizona Imaging Services, LLC President Current N/A
    Advanced Imaging Partners, Inc. President/Co-President Current N/A
    Diagnostic Imaging Services, Inc. President/Co-President Current N/A
    Rolling Oaks Imaging Corporation President/Co-President Current N/A
    Treasure Coast Imaging Partners, Inc. President/Co-President Current N/A
    Valley Imaging Partners, Inc. President/Co-President Current N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,500,000 Annual2023 fixed base salary
    Bonus$2,000,000 Annual2023 bonus component
    Time-Based RSUs$1,375,000 Vesting as per planStock awards based on time vesting
    Time-Based Options$1,750,000 Vesting as per planOption awards based on time vesting
    All Other Compensation$75,183 AnnualIncludes automobile allowance, insurance premiums, 401(k) match, etc.
    Nonqualified Deferred Compensation: Exec Contributions$1,749,998 Deferred2023 executive contributions
    Nonqualified Deferred Compensation: Aggregate Earnings$1,514,349 Accrual over 20232023 aggregated earnings
    Nonqualified Deferred Compensation: Aggregate Balance$5,764,347 As of End 2023Cumulative deferred balance
    Potential Payment: Resignation without Good Reason$2,500,000 Upon termination eventCash separation payment
    Potential Payment: Termination for Cause$500,000 Upon termination eventPayment when terminated for cause
    Potential Payment: Termination due to Death$5,020,000 Upon termination eventPayment upon death
    Potential Payment: Resignation for Good Reason/Termination without Cause$8,500,000 Upon termination eventPayment for good reason or no cause termination
    Potential Payment: Change in Control Payment$5,266,449 Upon change in controlPayment triggered by change in control
    Potential Payment: Continuation of Health/Life Insurance Benefits$123,133 Upon termination eventContinued coverage benefits
    Potential Payment: Accrued Unused Vacation$173,077 Upon termination eventPayment for accrued vacation
    Potential Payment: Previously Vested RSU/Option Awards$559,017 Upon termination eventValue of previously vested awards
    Potential Payment: Acceleration of Vesting of RSU/Option Awards$4,707,432 Upon termination eventAccelerated vesting amount

    Performance Compensation

    Data from  FY 2023

    Performance-Based RSUs

    MetricValueAdditional Details
    Threshold PSUs2,012 shares Minimum performance vesting threshold
    Target PSUs20,118 shares Target performance level
    Maximum PSUs40,236 shares Cap at 200% of target
    Performance MetricAEBITDA Adjusted EBITDA measure
    Actual AEBITDA$237,324,127 Achieved 110.4% of target
    Grant DateJanuary 3, 2023 Date of award
    Grant Date Fair Value$375,000 Award’s fair value at grant
    Grant Date Stock Price$18.64 Stock price at grant
    Vesting DatesMarch 10, 2024 & March 10, 2025 50% vests on each date post-performance vesting

    Performance-Based Options

    MetricValueAdditional Details
    Target AEBITDA$214,874,252 2023 AEBITDA performance target
    Performance Vesting ScheduleSee detailed vesting table Vesting percentage varies with AEBITDA achievement
    Grant DateJanuary 3, 2023 Date of option grant
    Grant Date Fair Value$750,000 Fair value at time of grant
    Grant Date Stock Price$18.64 Stock price at grant
    Exercise Price$18.64 Price per share when options are exercised
    Maximum PSOs77,976 shares Maximum number of shares available
    Time-Based Vesting DatesMarch 10, 2025, March 10, 2026, March 10, 2027 Vesting occurs in three equal installments post-performance vesting