UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 22, 2024, Amedisys, Inc. (the “Company”) announced that Michael P. North, the Company’s Chief Information Officer, is leaving the Company effective August 31, 2024.
In connection with Mr. North’s departure from the Company, the Compensation Committee of the Board of Directors of the Company approved a mutual separation agreement and general release (the “Separation Agreement”) between the Company and Mr. North, pursuant to which Mr. North will receive a total lump sum cash payment of $3,310,717 (the “Severance Payment”). The Separation Agreement will not become effective and enforceable until the seven-day revocation period has ended. The Severance Payment is subject to forfeiture and clawback if Mr. North breaches any of the provisions of the Separation Agreement.
The above description of the terms of the Separation Agreement is not complete and is qualified by reference to the complete document, which will be filed by the Company with the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2024.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMEDISYS, INC. | ||
| By: | /s/ Richard Ashworth | |
| Richard Ashworth President and Chief Executive Officer | ||
| DATE: August 22, 2024 | ||