ATIP ATI Physical Therapy Inc

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 1, 2021, the Board of Directors (the “Board”) of ATI Physical Therapy, Inc. (the “Company”) elected Teresa Sparks to serve on the Company’s Board and Audit Committee effective December 1, 2021.

From October 2018 to August 2020, Ms. Sparks served as Chief Financial Officer (“CFO”) and Executive Vice President of Envision Healthcare, a leading provider of physician-led services and post-acute care services in addition to ambulatory surgery services. Previously, from March 2018 to September 2018, she was the interim CFO at Brookdale Senior Living, and, prior to that, was the CFO at Surgery Partners and its predecessor company, Symbion, Inc., from November 2014 to January 2018. Ms. Sparks currently serves on the board of directors of Harrow Health, Inc., a publicly traded ophthalmic-focused healthcare company, where she is chair of the audit committee and a member of the nominating and governance and compensation committees. Ms. Sparks also serves on the board of directors and as chair of the audit committee of several other private companies. Ms. Sparks received a bachelor’s degree in Business Administration and Accounting, graduating Summa Cum Laude from Trevecca Nazarene University.

There are no arrangements or understandings between Ms. Sparks and any other persons pursuant to which she was elected as a director. There are no transactions and no proposed transactions between Ms. Sparks and the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Ms. Sparks will receive the standard annual cash compensation for non-employee directors of the Company, including retainer fees for Board and Audit Committee service. In addition, she will receive a $100,000 annual grant, composed of 50% restricted stock units which vest on the one year anniversary of Ms. Sparks’ appointment and 50% stock options which vest ratably over three years. In connection with her appointment, Ms. Sparks will enter into a standard indemnification agreement with the Company.