AdaptHealth appoints Suzanne Foster CEO effective May 20; Richard Barasch to step down

AdaptHealth Corp.

Suzanne Foster, former President of Beckman Coulter Life Sciences (Danaher), named CEO and board member effective May 20, 2024.
Interim CEO and Chairman Richard Barasch will cease as interim CEO on May 20, remain Chairman until June 30, then resign as director and serve as special advisor.
CEO employment agreement provides $900,000 base salary, target annual bonus of 120% of base, and inducement RSUs worth $4.9M plus $1M with multi-year vesting.
CFO Jason Clemens' employment amended to increase severance base salary payments from 12 to 18 months on qualifying termination.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Suzanne Foster

Director

AHCO · AdaptHealth Corp.

Effective: 2024-05-20
Filed: April 17, 2024, 7:59 PM ET

Upon starting as Chief Executive Officer, Ms. Foster will also be appointed to serve as a member of the Company’s board of directors

Appointed

Suzanne Foster

Chief Executive Officer

AHCO · AdaptHealth Corp.

Effective: 2024-05-20
Filed: April 17, 2024, 7:59 PM ET

Suzanne Foster, age 54, has been appointed to serve as the Chief Executive Officer of the Company, effective May 20, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Suzanne Foster was appointed as Director at AdaptHealth Corp..

Action: appointed
Role: Director

Exact text from the filing

Upon starting as Chief Executive Officer, Ms. Foster will also be appointed to serve as a member of the Company’s board of directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Suzanne Foster was appointed as Chief Executive Officer at AdaptHealth Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Suzanne Foster, age 54, has been appointed to serve as the Chief Executive Officer of the Company, effective May 20, 2024.

View on SEC.gov

AdaptHealth Corp. filing history →

Source: SEC EDGAR

accession 0001104659-24-048318

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