{"schema_version":"secwatch.filing_event.v1","accession":"0002001184-25-000036","form_type":"8-K","ticker":"PACS","cik":"0002001184","company_name":"PACS Group, Inc.","filed_at":"2025-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.794770+00:00","generated_at":"2026-05-17T12:37:20.838024+00:00","sec_items":["1.01","2.03","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PACS Group enters forbearance on credit defaults; president P.J. Sanford resigns","bullets":["Lenders agreed to forbear until Oct 31, 2025 (extendable to Nov 30) on representation/warranty defaults for FY2024 and Q1 2025.","Defaults also triggered under Omega Master Lease; landlords joined forbearance.","Borrower must maintain min liquidity of $100M; no new loans or limited investments during forbearance.","President P.J. Sanford resigned Aug 15, 2025; consulting deal pays $16,666/month for up to 12 months with equity vesting.","Company will subsidize 12 months of Sanford's COBRA premiums under separation agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0002001184-25-000036","json":"https://secwatch.observer/filing/0002001184-25-000036.json","markdown":"https://secwatch.observer/filing/0002001184-25-000036.md","text":"https://secwatch.observer/filing/0002001184-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2001184/000200118425000036/0002001184-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2001184/000200118425000036/pacs-20250813.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T12:37:20.838024+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}