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Howard G. Berger

Chief Executive Officer at RadNet
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

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