BRENTWOOD, Tenn.--(BUSINESS WIRE)--AAC Holdings, Inc. (NYSE: AAC) issued the following statement on recent insider filings.
Recent Form 4 filings by Chairman and CEO Michael Cartwright for 10,000 shares and Lead Director Darrell S. Freeman for 2,166 shares are related to charitable giving by each individual. The Form 4 filing for Director Lucius E. Burch III for 6,110 shares is related to tax and family estate planning. Collectively, the Board of Directors and executive officers of AAC own approximately 60% of the Company’s outstanding shares.
About American Addiction Centers
American Addiction Centers is a leading provider of inpatient substance abuse treatment services. We treat clients who are struggling with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues. We currently operate 18 substance abuse treatment facilities. Located throughout the United States, these facilities are focused on delivering effective clinical care and treatment solutions. For more information, please find us at AmericanAddictionCenters.org or follow us on Twitter @AAC_Tweet.