Management ChangeJun 1, 2026, 09:03 AM

Medifast Chief Legal Officer Jason Groves Resigns

AI Summary

Medifast, Inc. announced the resignation of Jason L. Groves, Esq., its Chief Legal Officer & Corporate Secretary, effective May 29, 2026. Mr. Groves and the company entered into a separation agreement, providing him with a one-time severance payment equal to one month of his base salary. The company stated that his departure was not due to any disagreements and has initiated a search for a permanent replacement.

Key Highlights

Jason L. Groves resigned as Chief Legal Officer & Corporate Secretary of Medifast.
His resignation was effective as of May 29, 2026.
Medifast and Mr. Groves entered into a separation and release agreement on May 31, 2026.
Mr. Groves will receive a one-time lump sum cash severance payment equal to one month of his annual base salary.
His departure was not due to any disagreement with the company's operations, policies, or practices.
The company has commenced a search for a permanent replacement for the role.

View SEC Filing

MED

Packaged Foods

MEDIFAST INC

Price Impact