---
schema_version: "secwatch.filing_event.v1"
accession: "0002001184-25-000041"
form_type: "8-K"
ticker: "PACS"
cik: "0002001184"
company_name: "PACS Group, Inc."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:44:21.996191+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0002001184-25-000041
- form_type: 8-K
- ticker: PACS
- cik: 0002001184
- company_name: PACS Group, Inc.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2001184/000200118425000041/0002001184-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2001184/000200118425000041/pacs-20250902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002001184-25-000041
- JSON: https://secwatch.observer/filing/0002001184-25-000041.json
- Plain text: https://secwatch.observer/filing/0002001184-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.