Acadia Healthcare Company, Inc. 8-K

What Happened
Acadia Healthcare announced on April 23, 2026 (Form 8-K) that Chief Financial Officer Todd Young will resign effective April 30, 2026. The Board appointed David M. Duckworth as Interim Chief Financial Officer and principal financial officer effective May 1, 2026. Mr. Duckworth previously served as Acadia’s CFO from July 2012 to July 2023 and rejoined under an employment agreement effective April 27, 2026.

Key Details

• Todd Young’s resignation date: April 30, 2026. Interim CFO start date: May 1, 2026. Announcement filed April 23, 2026 and accompanied by a press release (Exhibit 99.1).
• Employment agreement term: initial fixed term April 27, 2026 to May 1, 2027, automatically renewing for one-year periods unless 90 days’ prior notice of non‑renewal is given.
• Pay and bonus: base salary at $100,000 per month and eligibility for a $125,000 quarterly cash bonus.
• Severance/termination payments: (i) if terminated without cause during the first six months of the initial term, a lump-sum equal to the remainder of base salary for that six‑month period (paid within 60 days); (ii) if termination occurs in connection with hiring a permanent CFO, a $350,000 lump-sum payment (paid within 60 days) subject to transition services.
• Other terms: customary confidentiality, IP assignment, non-compete, non-solicitation and non-disparagement covenants; Acadia also entered a standard indemnification agreement with Mr. Duckworth.

Why It Matters
This 8-K documents a senior finance leadership change that affects who is responsible for Acadia’s financial reporting and financial operations in the near term. Investors should note that Acadia appointed a finance leader with prior experience as the company’s CFO, which may support continuity. The employment and severance terms (notably the monthly $100,000 salary, quarterly $125,000 bonus, and potential lump-sum severance payments) are concrete contractual obligations the company has agreed to during the interim period.