secwatch.observer — SEC 8-K summary
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Issuer:     AdaptHealth Corp. (AHCO)
CIK:        0001725255
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001104659-23-084443
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

July 24, 2023: AdaptHealth enters new employment agreement with CTO Albert Prast ($450K base, 100% bonus target)
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- Annual base salary of $450,000; target annual incentive bonus equal to 100% of base salary.
- Severance: if terminated without cause or resigns for good reason, continued base salary for up to 2 years and COBRA for 9 months.
- If resigns without good reason on second anniversary, unvested equity awards continue vesting through third anniversary.
- Entered into restrictive covenant agreement with 18-month non-compete/non-solicit and indefinite non-disparagement.
- Agreement effective July 24, 2023; replaces prior employment agreement with Aerocare Holdings from 2014.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725255/000110465923084443/0001104659-23-084443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725255/000110465923084443/tm2321976d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084443

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