secwatch.observer — SEC 8-K summary
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Issuer:     Aveanna Healthcare Holdings, Inc. (AVAH)
CIK:        0001832332
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0000950170-24-004820
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832332/000095017024004820/0000950170-24-004820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832332/000095017024004820/avah-20240115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-004820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer