PACS Group, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
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Item 5. Other Information
(a) The following disclosure is included in this Quarterly Report on Form 10-Q in lieu of filing a Current Report on Form 8-K with respect to disclosure required under Item 5.02 thereof.
On October 30, 2026, the Company and Michelle Lewis, the Company’s Chief Accounting Officer, entered into a separation and release agreement (the “Separation Agreement”) in connection with Ms. Lewis’s separation from the Company, effective November 4, 2026.
Separation Agreement with Michelle Lewis
Pursuant to the Separation Agreement, Ms. Lewis’s service as Chief Accounting Officer and her employment with the Company concluded on November 4, 2026 (the “Separation Date”). Subject to her execution of a release of claims and her continued compliance with certain restrictive covenants, Ms. Lewis will receive 12 months of base salary continuation, and the Company has agreed to subsidize Ms. Lewis’s COBRA premiums for 12 months from the Separation Date. Ms. Lewis will also receive full accelerated vesting on the Separation Date of all of her outstanding restricted stock units. Any shares delivered to Ms. Lewis upon the vesting of her accelerated restricted stock units will be subject to specified daily and monthly limits on transfer.
Appointment of Principal Accounting Officer
Following Ms. Lewis's separation, Carey Hendrickson, the Company's Chief Financial Officer and principal financial officer, will serve as the Company’s principal accounting officer, effective as of the Separation Date.
Mr. Hendrickson's biographical information and business experience are described in the Company'sdefinitive proxy statement filed with the Securities and Exchange Commission on April 28, 2026, and such disclosures are incorporated herein by reference.
(b) None.
(c) During the three months ended September 30, 2026, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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