STOCK TITAN

Addus HomeCare (ADUS) COO Heather Dixon exits as veteran leader Brad Bickham returns

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Addus HomeCare Corporation reported that Heather Dixon, President and Chief Operating Officer, left the company on August 7, 2026. The board expressed appreciation for her leadership and contributions.

On the same date, the company appointed W. Bradley (Brad) Bickham, age 63, as Chief Operating Officer on an interim basis. Bickham previously served as President and COO from March 2021 through September 2025 and as Executive Vice President and COO from January 2017 through March 2021, and most recently was Advisor to the Chief Executive Officer.

On August 10, 2026, Addus and Bickham entered into an Employment Agreement under which he will serve as COO through July 31, 2027, unless ended earlier or extended by mutual written agreement. The agreement provides an annualized base salary of $622,000 and fixed bonuses, and includes confidentiality, non‑competition and non‑solicitation provisions. The company states there are no family relationships or related‑party transactions requiring disclosure beyond a previously filed retention and transition agreement. A press release announcing these changes and describing Addus’s home care operations was also issued.

Positive

  • None.

Negative

  • President and COO departure: Heather Dixon, President and Chief Operating Officer, is no longer with the company as of August 7, 2026, representing an unexpected change in a key leadership role.

Insights

Analyzing...

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
COO annualized base salary $622,000 Annualized base salary for Brad Bickham under Employment Agreement as Chief Operating Officer
COO term end date July 31, 2027 Scheduled end of Brad Bickham’s Employment Agreement term as Chief Operating Officer
Consumers served 62,500 Approximate number of consumers receiving home care services from Addus HomeCare
Service locations 264 Number of locations through which Addus HomeCare provides services
States served 24 Number of U.S. states in which Addus HomeCare operates
Interim COO age 63 Age of W. Bradley Bickham at the time of his interim COO appointment
Employment Agreement regulatory
"On August 10, 2026, in connection with Mr. Bickham’s appointment, Mr. Bickham entered into an Employment Agreement"
non-competition regulatory
"The Employment Agreement also imposes confidentiality obligations and non-competition and non-solicitation restrictions"
A non-competition is a contractual restriction that prevents a person or business from starting or working in a competing business within a specified time and geographic area after leaving a job or completing a transaction. It matters to investors because it acts like a temporary fence around customers, trade secrets and know‑how, helping protect future revenue and company value; weak or unenforceable restrictions can increase the risk of customer loss and competitive erosion.
non-solicitation regulatory
"The Employment Agreement also imposes confidentiality obligations and non-competition and non-solicitation restrictions"
A non-solicitation clause is a contractual promise that one party will not actively try to lure away another party’s employees, customers, or suppliers. For investors, it signals protection of a company’s workforce and client base after a deal or partnership—reducing the risk that key staff or revenue sources will be poached and therefore helping preserve the business’s value, predictability, and post-transaction earnings. Think of it as an agreement not to knock on a neighbor’s door to take their business or team.
forward-looking statements regulatory
"Certain matters discussed in this press release constitute forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
managed care organizations financial
"Addus HomeCare’s payor clients include federal, state and local governmental agencies, managed care organizations"
Organizations that arrange, coordinate and pay for health care services through networks of doctors, hospitals and other providers, often using contracts, pre-set fees and utilization rules to control costs and quality. Like a planner who negotiates group rates and sets rules for using services, they influence how care is delivered and how much is paid, so their contracts, membership size and cost-management tools matter to investors because they shape revenue, margins and risk exposure in health-care markets.
Risk Factors section regulatory
"and other risks set forth in the Risk Factors section in Addus HomeCare’s Annual Report on Form 10-K"

FAQ

What executive leadership change did Addus HomeCare (ADUS) announce?

Addus HomeCare announced that Heather Dixon, its President and Chief Operating Officer, left the company on August 7, 2026. The board thanked her for her service and acknowledged her contributions during her time as a director and executive.

Who is the new interim Chief Operating Officer at Addus HomeCare (ADUS)?

Addus HomeCare appointed W. Bradley (Brad) Bickham, age 63, as interim Chief Operating Officer on August 7, 2026. He previously served as President and COO, Executive Vice President and COO, and most recently Advisor to the CEO.

What are the key terms of Brad Bickham’s Employment Agreement with Addus HomeCare (ADUS)?

Under his Employment Agreement, Brad Bickham will serve as COO through July 31, 2027, unless ended earlier or extended, and receive an annualized base salary of $622,000 plus fixed bonuses, with confidentiality, non‑competition and non‑solicitation obligations.

Does Addus HomeCare (ADUS) disclose any related‑party arrangements with Brad Bickham?

Addus HomeCare notes no related‑party transactions requiring disclosure with Brad Bickham, other than an Amended and Restated Retention and Transition Agreement effective August 4, 2025, previously described in its Definitive Proxy Statement filed April 23, 2026.

How large is Addus HomeCare’s (ADUS) service footprint according to the filing?

Addus HomeCare reports serving approximately 62,500 consumers through 264 locations across 24 states. Its services focus on personal care, hospice and home health for elderly, chronically ill and disabled individuals at risk of hospitalization or institutionalization.

What forward-looking risks does Addus HomeCare (ADUS) highlight in connection with this announcement?

The company includes forward‑looking statements that are subject to risks such as reimbursement changes, regulatory shifts, acquisition integration, managed care transitions, cybersecurity incidents and other factors described in the Risk Factors section of its Form 10‑K filed February 24, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false 0001468328 0001468328 2026-08-07 2026-08-07
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): August 13, 2026 (August 7, 2026)
 
ADDUS HOMECARE CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-34504
 
20-5340172
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
6303 Cowboys WaySuite 600
FriscoTexas
 
75034
(Address of principal executive offices)
 
(Zip Code)
 
(469535-8200
(Registrants telephone number, including area code)
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Common Stock, $0.001 par value per share
 
ADUS
 
The Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company. 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
President and COO Departure
 
On August 7, 2026, Heather Dixon, President and Chief Operating Officer of Addus HomeCare Corporation (the “Company”) left the Company. The Company thanks Ms. Dixon for her service and contributions and wishes her all the best in her future endeavors.
 
Interim COO Appointment
 
Also on August 7, 2026, the Company appointed W. Bradley Bickham, age 63, to serve as its Chief Operating Officer on an interim basis. Mr. Bickham served as Advisor to the Chief Executive Officer from September 2025 to the present and as President and Chief Operating Officer of the Company from March 2021 through September 2025. Mr. Bickham previously served as Executive Vice President and Chief Operating Officer of the Company from January 2017 through March 2021. Mr. Bickham will serve as Chief Operating Officer on an interim basis, subject to the terms and conditions of his Employment Agreement as further described below.
 
There is no arrangement or understanding with any person pursuant to which Mr. Bickham was appointed as Chief Operating Officer. There are no family relationships between Mr. Bickham and any director or executive officer of the Company. Other than the Amended and Restated Retention and Transition Agreement between Mr. Bickham and the Company, effective August 4, 2025, as disclosed in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 23, 2026, and pursuant to which Mr. Bickham served as Advisor to the Chief Executive Officer, Mr. Bickham is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.
 
On August 10, 2026, in connection with Mr. Bickham’s appointment, Mr. Bickham entered into an Employment Agreement (the “Employment Agreement”) with the Company. The Employment Agreement provides that Mr. Bickham will serve as Chief Operating Officer for a period ending on July 31, 2027, or on such earlier date as provided pursuant to the terms and conditions of the Employment Agreement, unless the parties mutually agree in writing to extend the term of the Employment Agreement beyond July 31, 2027. Under the terms of the Employment Agreement, Mr. Bickham will receive an annualized base salary of $622,000 and fixed bonuses. The Employment Agreement also imposes confidentiality obligations and non-competition and non-solicitation restrictions on Mr. Bickham.
 
A copy of the Employment Agreement is included as Exhibit 10.1 to this Current Report on Form 8-K. The description of the Employment Agreement included in this Current Report on Form 8-K is a summary, is not complete and is qualified in its entirety by reference to the terms of the Employment Agreement filed as Exhibit 10.1 hereto.
 
 
Item 7.01
Regulation FD Disclosure
 
On August 10, 2026, the Company issued the Press Release, announcing the matters discussed in Item 5.02, the text of which is set forth as Exhibit 99.1.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits:
 
Exhibit
  No.
 
Description
 
10.1
 
Employment Agreement dated as of August 10, 2026, between the Company and W. Bradley Bickham.
 
99.1
 
Press Release of Addus HomeCare Corporation dated August 10, 2026.
 
104
 
Cover Page Interactive Data File (embedded within Inline XBRL document).
 

 
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.
 
 
 
ADDUS HOMECARE CORPORATION
 
 
 
Date: August 13, 2026
By:
/s/ Brian Poff
 
 
Brian Poff
 
 
Chief Financial Officer
 

Exhibit 99.1

 

addus01.jpg

 

 

Contacts:

Brian W. Poff

 

Teresa Moore

 

Executive Vice President,

 

FINN Partners

 

Chief Financial Officer

 

(615) 324-7346

 

Addus HomeCare Corporation

 

teresa.moore@finnpartners.com

 

(469) 535-8200

 

 

 

investorrelations@addus.com

 

 

         

         

ADDUS HOMECARE ANNOUNCES DEPARTURE OF HEATHER DIXON AND RETURN OF BRAD BICKHAM AS CHIEF OPERATING OFFICER ON AN INTERIM BASIS

 

Frisco, Texas (August 10, 2026) – Addus HomeCare Corporation (Nasdaq: ADUS) (the “Company”), a provider of home care services, announced today that Heather Dixon, President and Chief Operating Officer, is no longer with the Company. Brad Bickham, former President and Chief Operating Officer at Addus, has agreed to return as Chief Operating Officer on an interim basis, effective immediately, for a period of one year.

 

“On behalf of the Board and the entire company, I want to thank Heather for her dedication and leadership, and for her contributions to Addus during her time with the Company both as a director and more recently as part of executive management. She has been an important member of the team, and we are grateful for her partnership. We also appreciate her commitment to our mission, which will continue in her absence. We wish her the best in her next chapter,” said Dirk Allison, CEO.

 

“We are pleased to welcome Brad Bickham back in an interim capacity as Chief Operating Officer. Brad's deep knowledge of our operations, his strong relationships across the organization, and his proven track record of execution make him the ideal leader to ensure seamless continuity and flexibility during this transition. Brad played a central role in building Addus into the company it is today — growing our personal care platform, expanding into hospice and home health, and driving the disciplined acquisition strategy that has been core to our growth. We are grateful for his willingness to step back in and continue serving the company and mission he cares so deeply about.”

 

Mr. Allison continued, “We are fortunate to have tremendous operating depth and experience on the Board and our executive team as we continue to focus on serving our consumers, supporting our employees and executing our growth strategy.”

 


 

addus01.jpg

 

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as “preliminary,” “continue,” “expect,” and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare’s relationships with referral sources, increased competition for Addus HomeCare’s services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, any security breaches, cyber-attacks, loss of data or cybersecurity threats or incidents, and other risks set forth in the Risk Factors section in Addus HomeCare’s Annual Report on Form 10-K, as amended, filed with the Securities and Exchange Commission on February 24, 2026, which are available at www.sec.gov. The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties, and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized.

 

About Addus HomeCare

Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare’s payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus HomeCare currently provides home care services to approximately 62,500 consumers through 264 locations across 24 states. For more information, please visit www.addus.com.

 

-END-

Filing Exhibits & Attachments

6 documents