Aveanna Healthcare CLO Shannon Drake to depart March 31; gets 12-month severance, equity modifications

Aveanna Healthcare Holdings, Inc.

Shannon Drake, Chief Legal Officer and Secretary, will terminate employment on March 31, 2024 under a Separation and Transition Agreement.
He will receive 12 months of base salary continuation, a $240,000 2023 bonus (spring 2024), and a prorated 2024 bonus.
50% of his RSUs from 2021-2023 (186,676 total) remain eligible to vest; all PSUs forfeited.
Options: all vested options remain exercisable until original expiry; unvested options continue to vest per terms.
Restrictive covenants (non-compete, non-solicit) apply for 12 months post-separation.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Shannon Drake

Chief Legal Officer and Secretary

AVAH · Aveanna Healthcare Holdings, Inc.

Effective: 2024-03-31
Filed: January 17, 2024, 6:59 PM ET

On January 15, 2024, Aveanna Healthcare Holdings Inc, a Delaware corporation (the “Company”), its wholly owned subsidiary, Aveanna Healthcare LLC, and Shannon Drake, the Company’s Chief Legal Officer and Secretary, entered into a Separation and Transition Agreement (the “ Separation Agreement ”), pursuant to which Mr. Drake’s employment with the Company and his tenure as Chief Legal Officer and Secretary will terminate on March 31, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shannon Drake departed as Chief Legal Officer and Secretary at Aveanna Healthcare Holdings, Inc..

Action: terminated employment
Role: Chief Legal Officer and Secretary

Exact text from the filing

On January 15, 2024, Aveanna Healthcare Holdings Inc, a Delaware corporation (the “Company”), its wholly owned subsidiary, Aveanna Healthcare LLC, and Shannon Drake, the Company’s Chief Legal Officer and Secretary, entered into a Separation and Transition Agreement (the “ Separation Agreement ”), pursuant to which Mr. Drake’s employment with the Company and his tenure as Chief Legal Officer and Secretary will terminate on March 31, 2024

View on SEC.gov

Aveanna Healthcare Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-004820

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.