UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 8, 2017 (September 8, 2017)

 

 

AAC HOLDINGS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Nevada   001-36643   35-2496142

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

  200 Powell Place  
  Brentwood, Tennessee   37027
  (Address of Principal Executive Offices)   (Zip Code)

(615) 732-1231

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☒

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 8, 2017, Jerrod N. Menz notified the Board of Directors (“Board”) of AAC Holdings, Inc. (the “Company”) that he was resigning from the Board effective immediately for personal reasons. In addition, Mr. Menz also resigned his employment from the Company’s operating subsidiary, American Addiction Centers, Inc.

Mr. Menz informed the Board that his decision to resign did not involve any disagreement with the Company with regard to its operations, policies or practices. In connection with his resignation, Mr. Menz will forfeit his unvested 50,000 share restricted stock award ($517,500 value, based upon today’s closing price) and enter into a separation agreement and release with the Company pursuant to which Mr. Menz will enter into a release of claims and non-competition and non-solicitation covenants for a period of 24 months, in exchange for an aggregate payment of $660,000.

SIGNATURES

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.

 

AAC HOLDINGS, INC.
By:   /s/ Michael T. Cartwright
 

Michael T. Cartwright

Chief Executive Officer and Chairman

Date: September 8, 2017

Ares Acquisition (NYSE:AAC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ares Acquisition Charts.
Ares Acquisition (NYSE:AAC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ares Acquisition Charts.