SCHEDULE 13G/A: Major Shareholder Mark Hancock Discloses 35.2% Stake in PACS Group, Inc.
Beneficial Ownership Report
Mark Hancock has filed an amended Schedule 13G, disclosing beneficial ownership of 54,626,199 shares, representing 35.2% of PACS Group, Inc.'s common stock as of December 31, 2024.
Summary
- Mark Hancock beneficially owns 54,626,199 shares of PACS Group, Inc. Common Stock.
- This ownership represents 35.2% of the total outstanding shares of the company.
- The percentage is calculated based on 155,177,511 shares of Common Stock outstanding as of September 9, 2024.
- Mr. Hancock holds sole voting power and sole dispositive power over all 54,626,199 shares.
- Mr. Hancock is acting as a 'group' with Jason Murray due to a Stockholders Agreement, which includes provisions for coordinated voting and transfer of securities.
- Mr. Hancock explicitly disclaims beneficial ownership over any shares he might be deemed to own solely because of the Stockholders Agreement.
- Jason Murray is filing a separate Schedule 13G to report his beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure, providing factual information without indicating positive or negative financial performance or strategic shifts.
Future Outlook
This document does not contain forward-looking statements or guidance regarding the company's future performance or strategic outlook.
Industry Context
This filing is a routine disclosure of a significant shareholder's ownership stake and does not provide broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Stockholders Agreement | Mark Hancock and Jason Murray are parties to a Stockholders Agreement which contains provisions relating to transfer and coordinated voting of securities, leading them to act as a 'group' under Section 13(d) of the Exchange Act. | N/A | Establishes a voting group between significant shareholders, potentially influencing corporate decisions and control. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant insider ownership stake and the existence of a voting group, which could influence corporate control and decision-making.
Key Dates
| Date | Description |
|---|---|
| 2024-09-09 | Date as of which 155,177,511 shares of Common Stock were outstanding, used for percentage calculation. |
| 2024-12-31 | Date of event requiring the filing of this statement, reflecting beneficial ownership. |
| 2025-02-13 | Date Mark Hancock signed the Schedule 13G filing. |
Keywords
PACS Group Inc, Mark Hancock, Schedule 13G, Beneficial Ownership, Common Stock, Shareholder, SEC Filing, Corporate Governance, Stockholders Agreement
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