Claritev Corp Reports Board and Executive Changes
Ticker: CTEV · Form: 8-K · Filed: Sep 26, 2025 · CIK: 1793229
| Field | Detail |
|---|---|
| Company | Claritev CORP (CTEV) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $375,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
Claritev Corp shakes up leadership and comp plans effective 9/23.
AI Summary
Claritev Corp announced on September 23, 2025, changes in its board and executive team. Specifically, the company reported the departure of a director and the appointment of new officers, alongside updates to executive compensation arrangements. These changes are effective as of September 23, 2025.
Why It Matters
Changes in a company's leadership and compensation structures can signal shifts in strategy or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can introduce uncertainty about future strategy and execution.
Key Numbers
- 001-39228 — SEC File Number (Identifies the company's filing with the SEC.)
- 84-3536151 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Claritev Corp (company) — Registrant
- September 23, 2025 (date) — Effective date of changes
- Delaware (jurisdiction) — State of incorporation
- 7900 Tysons One Place, Suite 400 McLean, Virginia 22102 (address) — Principal executive office address
FAQ
What specific roles have been affected by the director departures and officer appointments?
The filing indicates a departure of a director and the appointment of certain officers, but does not specify the exact roles affected in this summary.
Are the compensatory arrangements for all officers being updated, or only specific ones?
The filing mentions 'Compensatory Arrangements of Certain Officers,' suggesting the updates may not apply to all officers.
What is the reason cited for the director's departure?
The filing is titled to include 'Departure of Directors or Certain Officers,' but the provided text does not detail the specific reasons for any departures.
When were these changes officially reported to the SEC?
The filing was made on September 26, 2025, reporting events as of September 23, 2025.
Does this filing indicate any changes to the company's primary business operations?
This filing pertains to corporate governance, specifically director and officer changes and compensation, not operational changes.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2025-09-26 16:23:50
Key Financial Figures
- $0.0001 — tered Shares of Class A Common Stock, $0.0001 par value per share CTEV New York Stoc
- $375,000 — eceive a starting annual base salary of $375,000. He will also be eligible to receive an
- $150,000 — icted stock units (the "RSUs") equal to $150,000 divided by the fair market value of the
Filing Documents
- ctev-20250923.htm (8-K) — 25KB
- 0001793229-25-000156.txt ( ) — 138KB
- ctev-20250923.xsd (EX-101.SCH) — 2KB
- ctev-20250923_lab.xml (EX-101.LAB) — 21KB
- ctev-20250923_pre.xml (EX-101.PRE) — 12KB
- ctev-20250923_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 23, 2025, Claritev Corporation (the "Company") appointed Brock Albinson as its Senior Vice President and Chief Accounting Officer, effective September 29, 2025 (the "Effective Date"). Mr. Albinson will also assume the role of principal accounting officer of the Company as of the Effective Date, replacing Gerald Kozel. Prior to joining the Company, Mr. Albinson served, from 2007 to 2024, in various financial management roles of increasing responsibility at Automatic Data Processing, Inc., a human resources and payroll solutions provider ("ADP"), most recently as Corporate Controller and Principal Accounting Officer from 2015 to 2024. Before ADP, Mr. Albinson was with PricewaterhouseCoopers from 1997-2007. Mr. Albinson does not have a family relationship with any of our directors or executive officers and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. A summary of the material terms and conditions of Mr. Albinson's compensation is set forth below. Base Salary and Target Annual Cash Incentive Award . Mr. Albinson will receive a starting annual base salary of $375,000. He will also be eligible to receive an annual cash incentive award with a target amount equal to 50% of his annual earned base salary for the applicable year, including 2025. Long-Term Incentive Grants . Commencing in 2026, Mr. Albinson is eligible to participate in the Company's long-term incentive program with an annual grant target equal to 150% of his base salary, in the same form and on the same terms as long-term incentive grants to similarly situated employees of the Company, with such annual long-term incentive awards subject to the approval of the Compensation Committee of the Company's Board of Directors. In addition, on September 30, 2
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. Dated: September 26, 2025 Claritev Corporation By: /s/ Douglas M. Garis Name: Douglas M. Garis Title: Executive Vice President and Chief Financial Officer