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Joint Corp (NASDAQ:JYNT) disclosed Wednesday that it has entered into a separation agreement and release with Jake Singleton, its former Chief Financial Officer. The agreement, dated August 22, 2025, follows Mr. Singleton’s previously announced resignation, with his role as CFO having ended effective June 9, 2025.
According to the company’s statement in the SEC filing, Mr. Singleton will receive separation benefits contingent on not revoking the agreement during the specified revocation period. The benefits include a cash payment equal to six months of his base salary, a cash payment for accumulated time off totaling $36,193.99, and an additional cash payment of $15,000. If Mr. Singleton elects to continue group health insurance coverage under COBRA, the company will pay up to six months of those costs. He will also receive payment for accrued expenses incurred in line with company policies.
The agreement stipulates that the treatment of Mr. Singleton’s outstanding equity awards will be governed by the terms of his existing equity award agreements and the applicable equity award plan. No accelerated vesting of equity awards will occur as a result of the separation agreement.
The company noted that the summary provided does not include all terms and is qualified in its entirety by the full text of the separation agreement, which was filed as an exhibit to the 8-K. The information in this article is based on a press release statement contained in the SEC filing.
In other recent news, The Joint Corp . reported its Q2 2025 earnings, revealing mixed results. The company achieved an earnings per share (EPS) of $0.01, surpassing analysts’ expectations of a $0.04 loss per share. Despite this positive surprise in EPS, revenue slightly missed forecasts, coming in at $13.3 million compared to the anticipated $13.32 million. These developments indicate a complex financial picture for the company, with positive earnings counterbalanced by lower-than-expected revenue. The earnings announcement has drawn attention from investors and analysts, highlighting the importance of both EPS and revenue figures in evaluating company performance. Analyst firms are closely monitoring these results to reassess their projections and recommendations for The Joint Corp. The recent earnings call has prompted discussions about the company’s future financial strategies. Investors are keenly observing how The Joint Corp. will address these mixed outcomes in upcoming quarters.
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