JOINT Corp Files 8-K: Material Agreement, Officer Changes
Ticker: JYNT · Form: 8-K · Filed: Aug 27, 2025 · CIK: 1612630
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, corporate-governance
TL;DR
JOINT Corp inked a big deal & shuffled execs/board. Big changes coming.
AI Summary
JOINT Corp announced on August 22, 2025, the entry into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with compensatory arrangements for these officers. The filing includes financial statements and exhibits related to these events.
Why It Matters
This 8-K filing signals significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and changes in officers/directors, which can introduce uncertainty and potential risks.
Key Players & Entities
- JOINT Corp (company) — Registrant
- August 22, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 90-0544160 (identifier) — IRS Employer Identification No.
- 16767 N. Perimeter Drive, Suite 110, Scottsdale, Arizona 85260 (address) — Principal executive offices
- 480-245-5960 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by JOINT Corp?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
Who are the directors or officers departing from JOINT Corp?
The filing states that there was a departure of directors or certain officers, but their names are not specified in the provided text.
Who has been elected as a director or appointed as an officer at JOINT Corp?
The filing mentions the election of directors and appointment of certain officers, but their identities are not detailed in the excerpt.
What compensatory arrangements are being made for the officers?
The filing notes compensatory arrangements for certain officers, but the specifics of these arrangements are not elaborated upon in the provided text.
What is the SIC code for JOINT Corp?
The Standard Industrial Classification (SIC) code for JOINT Corp is 6794, which corresponds to PATENT OWNERS & LESSORS.
Filing Stats: 763 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2025-08-27 16:06:27
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 JYNT The NASDAQ Capital Market LLC In
- $36,193 — mulated time off in the gross amount of $36,193.99, and (c) an additional cash payment
- $15,000 — , and (c) an additional cash payment of $15,000; (ii) if Mr. Singleton timely elects co
Filing Documents
- jynt-20250822.htm (8-K) — 26KB
- separationagreement-jakesi.htm (EX-10.1) — 58KB
- 0001612630-25-000044.txt ( ) — 213KB
- jynt-20250822.xsd (EX-101.SCH) — 2KB
- jynt-20250822_lab.xml (EX-101.LAB) — 22KB
- jynt-20250822_pre.xml (EX-101.PRE) — 13KB
- jynt-20250822_htm.xml (XML) — 3KB
01. Entry Into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement. The description of the Separation Agreement set forth under Item 5.02 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connection with Mr. Singleton's previously announced resignation, we entered into a separation agreement and release, dated August 22, 2025 (the "Separation Agreement"), with Mr. Singleton, which includes a general release of all claims (the "General Release"). Mr. Singleton's role as our Chief Financial Officer ceased effective as of June 9, 2025. Pursuant to the Separation Agreement, if Mr. Singleton does not revoke the Separation Agreement or the General Release during the Revocation Period (as defined in the Separation Agreement), then we will pay to Mr. Singleton the following Separation Benefits (as defined in the Separation Agreement), less any amount owed by Mr. Singleton to us: (i) on the first regular payroll date immediately following the end of the Revocation Period, (a) a cash payment equal to six months of Mr. Singleton's base salary, (b) a cash payment for accumulated time off in the gross amount of $36,193.99, and (c) an additional cash payment of $15,000; (ii) if Mr. Singleton timely elects continuation of our group health insurance under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), we will pay up to six months of the cost of the COBRA coverage; and (iii) a cash payment for accrued expenses incurred in accordance with our company policies. The treatment of Mr. Singleton's outstanding equity awards on account of his separation with us will be governed by the terms and conditions set forth in Mr. Singleton's existing equity award agreements entered into with us as well as the applicable equity award plan under which such equity awards had been granted.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibits 10.1 Separation Agreement and Release, dated August 22, 2025, by and between the Registrant and Jake Singleton 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. THE JOINT CORP. Date: August 27, 2025 By: /s/ San jiv Razdan Sanjiv Razdan President and Chief Executive Officer