secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001834376-24-000080
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge appoints Michael Scarbrough as President and COO; separates CEO and President roles
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- Michael Scarbrough appointed President and COO effective Nov 4, 2024; Christine Bent steps down as COO and becomes Senior Advisor through Dec 31.
- Scarbrough receives $485k base salary, 75% target bonus, and 1M Class B Units (50% time-vested over 4 years, 50% performance-vested tied to Apax MOIC thresholds).
- Patrick Blair ceases as President but remains CEO; roles separated to improve strategic execution.
- Maria Lozzano promoted to President, Pharmacy Services, reporting to CEO.
- Bent receives $100k cash separation, 6 months COBRA, and 28,860 RSUs vesting June 2025; 57,721 RSUs forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000080/0001834376-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000080/innv-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001834376-24-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer