secwatch.observer — SEC 8-K summary
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Issuer:     Enhabit, Inc. (EHAB)
CIK:        0001803737
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001803737-23-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enhabit amends executive severance and change-in-control plans, reducing benefits for named officers
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- Reduces cash severance for CEO from 2.99x to 2.5x base salary; for CFO and EVP from 2x to 1.75x.
- Cuts medical/dental/vision continuation for CEO from 36 to 18 months; for others from 24 to 12 months.
- Broadens 'Cause' definition to include certain misdemeanors and willful misconduct; modifies 'Good Reason' triggers.
- Adds clawback language subject to future company policy, including SEC Rule 10D.
- Performance-based equity awards will vest based on actual achievement rather than Committee discretion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000010/0001803737-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803737/000180373723000010/ehab-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001803737-23-000010

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