Joint Corp appoints Sanjiv Razdan as CEO; Peter Holt resigns

JOINT Corp

Peter D. Holt resigned as President/CEO and board member effective Oct 10, 2024.
Separation agreement: 12-month base salary continuation, $94K STI payment, 6-month COBRA; no accelerated equity vesting.
Sanjiv Razdan appointed President/CEO and board member effective Oct 14, 2024; base salary $550,000.
Inducement equity grants: 38,059 stock options at $10.51 and 38,059 RSUs, each vesting over 4 years.
Razdan previously President Americas & India at Coffee Bean & Tea Leaf, COO at Sweetgreen, SVP at Applebee's.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Sanjiv Razdan

President and Chief Executive Officer

JYNT · JOINT Corp

Effective: 2024-10-14
Filed: October 15, 2024, 7:59 PM ET

Effective October 14, 2024, the Board of Directors of the Company appointed Sanjiv Razdan as President and Chief Executive Officer of the Company and as a member of the Company’s Board of Directors.

Departed

Peter D. Holt

President and Chief Executive Officer

JYNT · JOINT Corp

Effective: 2024-10-10
Successor: Sanjiv Razdan
Filed: October 15, 2024, 7:59 PM ET

Effective October 10, 2024, Peter D. Holt resigned as President and Chief Executive Officer of The Joint Corp. (the “Company”) and as a member of the Company’s Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjiv Razdan was appointed as President and Chief Executive Officer at JOINT Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Effective October 14, 2024, the Board of Directors of the Company appointed Sanjiv Razdan as President and Chief Executive Officer of the Company and 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

Peter D. Holt resigned as President and Chief Executive Officer at JOINT Corp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Effective October 10, 2024, Peter D. Holt resigned as President and Chief Executive Officer of The Joint Corp. (the “Company”) and as a member of the Company’s Board of Directors.

View on SEC.gov

JOINT Corp filing history →

Source: SEC EDGAR

accession 0001171843-24-005643

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