Acadia Healthcare Company, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Acadia Healthcare Company, Inc. on April 22, 2026, reporting events occurring on April 23, 2026. The filing addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of an interim successor.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- CFO Departure: Todd Young resigned as Chief Financial Officer, effective April 30, 2026.
- Interim CFO Appointment: David M. Duckworth was appointed Interim Chief Financial Officer and principal financial officer, effective May 1, 2026. Mr. Duckworth previously served as CFO from 2012 to 2023.
- Compensation Arrangement: An employment agreement was executed with Mr. Duckworth effective April 27, 2026, detailing specific salary, bonus, and severance terms.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or general management commentary regarding business performance. The primary commentary relates to the transition of the CFO role and the terms of the new employment agreement.
Compensation and Severance Details:
- Base Salary: $100,000 per month.
- Quarterly Bonus: Eligible for $125,000 per quarter.
- Severance (First 6 Months): If terminated without cause or resigns for good reason within the first six months, Mr. Duckworth receives base salary for the remainder of the six-month period.
- Severance (Permanent Hire): If terminated in connection with the hiring of a permanent CFO, Mr. Duckworth receives a lump sum of $350,000.
Investor Verification Checklist
- Verify the effective dates of Todd Young's resignation and David M. Duckworth's appointment.
- Review the full text of the Employment Agreement (Exhibit 10.1) for detailed definitions of "cause" and "good reason."
- Confirm the status of the search for a permanent Chief Financial Officer.
- Check for any subsequent filings regarding the permanent CFO appointment or changes to the interim arrangement.