Amwell Reports Board Changes and Compensation Updates
Ticker: AMWL · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1393584
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: AMWL
TL;DR
Amwell's board is shuffling, and exec pay is getting tweaked. Keep an eye on this.
AI Summary
American Well Corporation (Amwell) filed an 8-K on December 17, 2024, reporting changes in its board of directors and executive compensation arrangements. The filing indicates a departure of a director and the election of a new director, along with updates to compensatory plans for certain officers. Specific details regarding the individuals involved and the financial implications of these changes are expected to be further elaborated in subsequent filings or exhibits.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership effectiveness.
Key Players & Entities
- American Well Corporation (company) — Registrant
- Amwell (company) — Commonly known name for American Well Corporation
FAQ
What specific changes were made to the board of directors?
The filing indicates a departure of a director and the election of a new director, though specific names are not detailed in the provided excerpt.
Are there any new executive appointments mentioned?
The filing mentions 'Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', suggesting potential changes or updates related to executive roles and compensation.
What is the date of the earliest event reported in this 8-K?
The date of the earliest event reported is December 17, 2024.
What is the principal executive office address for American Well Corporation?
The principal executive offices are located at 75 State Street, 26th Floor, Boston, Massachusetts, 02109.
What is the Commission File Number for American Well Corporation?
The Commission File Number for American Well Corporation is 001-39515.
Filing Stats: 913 words · 4 min read · ~3 pages · Grade level 12.9 · Accepted 2024-12-18 16:31:19
Key Financial Figures
- $0.01 — hich registered Class A Common Stock, $0.01 Par Value AMWL New York Stock Excha
- $575,000 — ceive an increase in his base salary to $575,000, and (iii) beginning in the 2025 fiscal
- $500,000 — schhorn will receive an annual bonus of $500,000. Separation Agreement with Kathy Weil
Filing Documents
- amwl-20241217.htm (8-K) — 46KB
- amwl-ex10_1.htm (EX-10.1) — 23KB
- amwl-ex10_2.htm (EX-10.2) — 84KB
- amwl-ex99_1.htm (EX-99.1) — 20KB
- img267946692_0.jpg (GRAPHIC) — 181KB
- 0000950170-24-137929.txt ( ) — 535KB
- amwl-20241217.xsd (EX-101.SCH) — 24KB
- amwl-20241217_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being filed herewith: 10.1 Amendment to Employment Agreement between American Well Corporation and Mark Hirschhorn, dated December 17, 2024 10.2 Separation Agreement between American Well Corporation and Kathy Weiler, dated December 17, 2024 99.1 Press Release, dated December 18, 2024, issued by American Well Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. AMERICAN WELL CORPORATION Date: December 18, 2024 By: /s/ Bradford Gay Bradford Gay Senior Vice President, General Counsel