0001193125-26-173769
SEC filingAcadia Healthcare announced CFO Todd Young's resignation and appointed David Duckworth as Interim CFO, effective May 1, 2026, with a new employment agreement.
Acadia Healthcare announced the resignation of CFO Todd Young, effective April 30, 2026, to pursue a CFO role at a private equity-backed animal health company. The company appointed David Duckworth, who previously served as CFO from 2012 to 2023, as Interim CFO effective May 1, 2026. Duckworth's employment agreement includes a $100,000 monthly base salary and a $125,000 quarterly cash bonus. Severance provisions include a lump sum equal to base salary for the remainder of the first six months if terminated without cause during that period, and a $350,000 payment if termination occurs in connection with hiring a permanent CFO. The company also reaffirmed its Q1 and full-year 2026 financial guidance, with Q1 revenue expected between $820-$830 million and adjusted EBITDA of $130-$137 million. The interim CFO role is expected to continue at least until the permanent CEO search is completed. This executive change is significant as it involves the departure of a key financial officer and the return of a former CFO, providing continuity during a leadership transition.