PACS CFO Derick Apt resigns after violating Code of Conduct; Mark Hancock named interim CFO

PACS Group, Inc.

Derick Apt resigned Sept 2, 2025 after Audit Committee found he accepted high-value items from business associates, violating company policies.
Separation agreement provides accelerated vesting of 82,116 RSUs; remaining unvested RSUs forfeited; non-compete waived.
Mark Hancock, co-founder and former CFO (2013-2024), appointed interim CFO effective Sept 3, 2025.
Company has commenced search for permanent CFO and added resources to finance and accounting functions.

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