CEO Daniel Walker resigns effective Aug 1; consulting agreement through Dec 31

Pennant Group, Inc.

Daniel Walker resigned as CEO effective August 1, 2022; consulting agreement runs through December 31, 2022.
Consulting fee of $29,583 per month plus COBRA reimbursement and company car use during term.
Walker forfeits 250,000 restricted stock units in exchange for accelerated vesting to July 31, 2022.
Consulting agreement includes non-compete, non-solicitation, and confidentiality covenants.

item 5.02 item 9.01

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Departed

Daniel Walker

Chief Executive Officer

PNTG · Pennant Group, Inc.

Effective: 2022-08-01
Filed: July 29, 2022, 7:59 PM ET

As previously disclosed, Mr. Daniel Walker resigned as the Chief Executive Officer of The Pennant Group, Inc. (the “Company”), effective August 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Walker resigned as Chief Executive Officer at Pennant Group, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

As previously disclosed, Mr. Daniel Walker resigned as the Chief Executive Officer of The Pennant Group, Inc. (the “Company”), effective August 1, 2022.

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Pennant Group, Inc. filing history →

Source: SEC EDGAR

accession 0001766400-22-000112

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