---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-004820"
form_type: "8-K"
ticker: "AVAH"
cik: "0001832332"
company_name: "Aveanna Healthcare Holdings, Inc."
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:41:22.846226+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-004820
- form_type: 8-K
- ticker: AVAH
- cik: 0001832332
- company_name: Aveanna Healthcare Holdings, Inc.
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832332/000095017024004820/0000950170-24-004820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832332/000095017024004820/avah-20240115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-004820
- JSON: https://secwatch.observer/filing/0000950170-24-004820.json
- Plain text: https://secwatch.observer/filing/0000950170-24-004820.txt

## Key facts
- Executive change
  Shannon Drake departed as Chief Legal Officer and Secretary at Aveanna Healthcare Holdings, Inc..
  - Action: terminated employment
  - Role: Chief Legal Officer and Secretary
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832332/000095017024004820/0000950170-24-004820-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.