secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001104659-22-000142
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge CEO Maureen Hewitt resigns effective Jan 1; Patrick Blair named President and CEO
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- Maureen Hewitt resigned as CEO and director effective Jan 1, 2022, after 15 years with the company.
- Patrick Blair, previously President since Nov 2021, appointed President and CEO immediately.
- Hewitt receives separation benefits of ~$2.677M (24 months salary + 1.5x target bonus) plus COBRA coverage.
- Company cites regulatory issues with CMS and California/Colorado programs as key focus for new CEO.
- Blair brings experience from BAYADA Home Health and Anthem; board expresses full support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000110465922000142/0001104659-22-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000110465922000142/tm2136615d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-000142

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