secwatch.observer — SEC 8-K summary
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Issuer:     ModivCare Inc (—)
CIK:        0001220754
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001220754-25-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ModivCare adds Daniel Silvers to board; three directors resign per credit agreement terms
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- Daniel Silvers appointed to ModivCare board effective April 24, 2025 as third independent director per credit agreement Amendment No. 5.
- Three directors (Barbarosh, Coulter, Kerley) resigned same date; no disagreement; board reduced to seven directors.
- Silvers assigned to Audit, Nominating/Governance, and new Strategic Alternatives Committee formed under Fifth Amendment.
- Alec Cunningham named Compensation Committee Chair; Erin Russell Audit Chair; David Mounts Gonzales on Nominating/Governance.
- Separation agreement with Craig Barbarosh includes lump-sum cash payment of $154,193.55 and six-year insurance tail.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1220754/000122075425000016/0001220754-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1220754/000122075425000016/prsc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001220754-25-000016

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