[S-8] Enhabit, Inc. Employee Benefit Plan Registration

Rhea-AI Filing Summary

Enhabit, Inc. (ticker EHAB) has filed a Form S-8 with the SEC to register 3,289,042 shares of common stock for issuance under its newly approved 2025 Equity and Incentive Compensation Plan. The plan was authorized by shareholders at the 2025 Annual Meeting held on June 26, 2025. The filing incorporates the company’s most recent FY-2024 Form 10-K, Q1-2025 Form 10-Q, and prior descriptions of common stock by reference, ensuring that future periodic reports will automatically update the prospectus information.

The document outlines standard Delaware indemnification provisions for directors and officers, confirms the existence of D&O insurance, and lists required exhibits—most notably the full plan text (Exhibit 4.3) and an auditor consent from PwC (Exhibit 23.1). No new financial performance data, earnings guidance, or transactional details are disclosed, and the filing does not alter previously reported financial statements.

For investors, the primary implication is potential dilution from future equity grants as the registered shares become available for employee compensation. The filing is routine for public companies implementing stock-based incentive programs and does not, by itself, signal a change in the company’s operating outlook.

Positive

• Enables continued equity-based compensation, supporting employee retention and alignment with shareholder interests through the 2025 Equity and Incentive Compensation Plan.

Negative

• Potential dilution: registration of 3,289,042 additional shares may incrementally dilute existing shareholders as awards are granted and vested.

Insights

Securities Analyst

TL;DR – Routine S-8 registers 3.29 M shares for employee incentives; minimal immediate financial impact but implies future dilution.

The S-8 enables Enhabit to issue up to 3,289,042 new common shares under its 2025 Equity and Incentive Compensation Plan, approved by shareholders on 26 June 2025. Such filings are administrative and do not raise capital; shares are used for option exercises, RSUs, or other equity awards. While positive for talent retention and alignment, they also expand the share pool, introducing incremental dilution as awards vest. No earnings, cash-flow, or operational metrics are included, and standard DGCL indemnity language plus PwC consent are routine. Overall, the filing is neutral from a valuation standpoint and should not materially move the stock absent broader context.

As filed with the Securities and Exchange Commission on June 26, 2025

Registration No. 333-

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Enhabit, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)			47-2409192 (I.R.S. Employer Identification No.)
6688 N. Central Expressway, Suite 1300 Dallas, Texas (Address of Principal Executive Offices)			75206 (Zip Code)

Enhabit, Inc. 2025 Equity and Incentive Compensation Plan
(Full title of the plan)

Dylan C. Black
General Counsel
Enhabit, Inc.
6688 N. Central Expressway, Suite 1300
Dallas, Texas 75206
(Name and address of agent for service)

(214) 239-6500
(Telephone number, including area code, of agent for service)

With a copy to:
Ferrell M. Keel
Jones Day
2727 North Harwood Street, Suite 500
Dallas, Texas 75201
(214) 220-3939

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☒

Non-accelerated filer

☐

Smaller reporting company

☐

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 7(a)(2)(B) of the Securities Act. ☐

EXPLANATORY NOTE

This registration statement on Form S-8 (this “Registration Statement”) is being filed by Enhabit, Inc. (the “Registrant”) to register 3,289,042 shares of common stock, par value $0.01 per share (“Common Stock”) that may be delivered to participants under the Enhabit, Inc. 2025 Equity and Incentive Compensation Plan (the “Plan”). The Plan covered by this Registration Statement was approved by the Registrant’s stockholders at its 2025 Annual Meeting of Stockholders held on June 26, 2025.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1. Plan Information.

The document(s) containing the information specified in Part I of the Registration Statement will be sent or given to the participants as specified by Rule 428(b) of the Securities Act of 1933, as amended (the “Securities Act”). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the “Commission”), either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents, and the documents incorporated by reference herein pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

Item 2. Registrant Information and Employee Plan Annual Information.

The written statement required by Item 2 of Part I is included in documents that will be delivered to participants in the plans covered by this Registration Statement pursuant to Rule 428(b) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents, which have been filed by the Registrant with the Commission, are incorporated in this Registration Statement by reference:

1.The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Commission on March 6, 2025, as amended by the Amendment No. 1 on Form 10-K/A, filed with the Commission on April 29, 2025 (as amended, the “Annual Report”);

2.The Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, as filed with the Commission on May 8, 2025; and

3.The description of the Registrant’s Common Stock contained in the Information Statement filed as Exhibit 99.1 to Amendment No. 2 to the Registrant’s Registration Statement on Form 10 filed with the Commission on June 14, 2022, pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including any amendments or reports filed for the purpose of updating such description, including the description of the Common Stock contained in Exhibit 4.1 to the Annual Report.

All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports on Form 8-K furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K, including any exhibits included with such information that are related to such items) after the date of this Registration Statement, but prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 145(a) of the General Corporation Law of the State of Delaware (the “DGCL”) provides, in general, that a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), because he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding, if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.

Section 145(b) of the DGCL provides, in general, that a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor because the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made with respect to any claim, issue or matter as to which he or she shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of the case, he or she is fairly and reasonably entitled to indemnity for such expenses that the Court of Chancery or other adjudicating court shall deem proper.

Section 145(g) of the DGCL provides, in general, that a corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of his or her status as such, whether or not the corporation would have the power to indemnify the person against such liability under Section 145 of the DGCL.

If the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of the directors will be eliminated or limited to the fullest extent permitted by the DGCL, as so amended.

Delaware law, Article Nine of the Registrant’s Amended and Restated Certificate of Incorporation and Article VI of the Registrant’s Amended and Restated Bylaws provide that the Registrant will, in certain situations, indemnify its directors and officers and may indemnify other employees and other agents, to the fullest extent permitted by law. Any indemnified person is also entitled, subject to certain limitations, to advancement, direct payment, or reimbursement of reasonable expenses (including attorneys’ fees and disbursements) in advance of the final disposition of the proceeding.

The Registrant also maintains a directors’ and officers’ insurance policy pursuant to which its directors and officers are insured against liability for actions taken in their capacities as directors and officers. The Registrant believes these provisions in its Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws are necessary to attract and retain qualified persons as directors and officers.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, or control persons, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

Exhibit Number			Exhibit Description
4.1			Amended and Restated Certificate of Incorporation of Enhabit, Inc. (incorporated by reference to Exhibit 3.1.2 to Enhabit, Inc.’s Current Report on Form 8-K filed with the Commission on July 5, 2022).
4.2			Amended and Restated Bylaws of Enhabit, Inc. (incorporated by reference to Exhibit 3.2 to Enhabit, Inc.’s Quarterly Report on Form 10-Q filed with the Commission on November 14, 2022).
4.3†*			Enhabit, Inc. 2025 Equity and Incentive Compensation Plan
5.1†			Opinion of Jones Day.
23.1†			Consent of PricewaterhouseCoopers LLP.
23.2†			Consent of Jones Day (included in Exhibit 5.1).
24.1†			Power of Attorney (included on the signature page hereto).
107†			Filing Fee Table.

† Submitted electronically herewith.

* Indicates management contracts or compensatory plans or arrangements filed pursuant to Item 601(b)(10)(iii) of Regulation S-K.

Item 9. Undertakings.

(a)The undersigned Registrant hereby undertakes:

(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(i)To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii)To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Filing Fee Tables” or “Calculation of Registration Fee” table, as applicable, in the effective Registration Statement; and

(iii)To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

(2)That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b)The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the

securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, State of Texas, on June 26, 2025.

ENHABIT, INC.
By:			/s/ Ryan T. Solomon
			Ryan T. Solomon
			Chief Financial Officer

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Ryan T. Solomon and Dylan C. Black, and each of them, his or her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Registration Statement and any and all related registration statements pursuant to Rule 462(b) of the Securities Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Name

Title

Date

/s/ Barbara A. Jacobsmeyer

President and Chief Executive Officer and Director (Principal Executive Officer)

June 26, 2025

Barbara A. Jacobsmeyer

/s/ Ryan T. Solomon

Chief Financial Officer (Principal Financial Officer)

June 26, 2025

Ryan T. Solomon

/s/ Collin S. McQuiddy

Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

June 26, 2025

Collin S. McQuiddy

/s/ Jeffrey W. Bolton

Director, Chairperson

June 26, 2025

Jeffrey W. Bolton

/s/ Tina L. Brown-Stevenson

Director

June 26, 2025

Tina L. Brown-Stevenson

/s/ Charles M. Elson

Director

June 26, 2025

Charles M. Elson

/s/ Erin P. Hoeflinger

Director

June 26, 2025

Erin P. Hoeflinger

/s/ Stuart M. McGuigan

Director

June 26, 2025

Stuart M. McGuigan

/s/ Mark W. Ohlendorf

Director

June 26, 2025

Mark W. Ohlendorf

/s/ Gregory S. Rush

Director

June 26, 2025

Gregory S. Rush

/s/ Barry P. Schochet

Director

June 26, 2025

Barry P. Schochet

FAQ

How many Enhabit (EHAB) shares are being registered in the 2025 Equity Plan?

The Form S-8 registers 3,289,042 shares of EHAB common stock for future equity awards.

When was Enhabit's 2025 Equity and Incentive Compensation Plan approved?

Shareholders approved the plan at the 2025 Annual Meeting on June 26, 2025.

Does the S-8 filing raise cash for Enhabit?

No. S-8 filings do not raise capital; they simply register shares for employee compensation.

What exhibits are notable in this S-8 filing?

Key exhibits include the full 2025 Equity Plan (Exhibit 4.3) and the PwC auditor consent (Exhibit 23.1).

Will the S-8 filing affect EHAB's financial statements?

The filing itself does not alter financial statements; it is an administrative registration of shares.