secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001140361-22-025027
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.03, 5.01, 5.02, 5.03, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enhabit completes spin-off from Encompass Health, trades as EHAB; borrows $570M, appoints two directors
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- Spin-off effective July 1, 2022; Encompass shareholders received 1 EHAB share per 2 Encompass shares.
- Borrowed $400M Term Loan A and $170M revolver; used $566.6M to pay Encompass.
- Board expanded to 11 directors; appointed Tina Brown-Stevenson and Susan La Monica.
- Adopted 2022 Omnibus Performance Incentive Plan, Change in Control Benefits Plan, and Executive Severance Plan.
- Amended charter to increase authorized shares and effect stock split; adopted new Standards of Business Ethics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000114036122025027/0001140361-22-025027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000114036122025027/ny20003604x14_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-025027

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