Amwell Announces Executive Compensation and Director Changes

Ticker: AMWL · Form: 8-K · Filed: 2024-06-17T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, board-changes, governance

Related Tickers: AMWL

TL;DR

Amwell's 8-K reveals new exec pay plans and director appointments, effective June 13, 2024.

AI Summary

American Well Corporation (Amwell) announced on June 13, 2024, a change in its executive compensation structure. The company filed an 8-K report detailing the election of new directors and the appointment of certain officers, alongside updates to their compensatory arrangements. This filing also includes financial statements and exhibits.

Why It Matters

Changes in executive compensation and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in executive compensation and board structure can indicate internal shifts that may affect future company performance and investor relations.

Key Numbers

Key Players & Entities

FAQ

What specific changes were made to the compensatory arrangements of certain officers?

The filing indicates updates to compensatory arrangements for certain officers, but the specific details of these changes are not elaborated upon in the provided text, likely detailed within the referenced exhibits.

Who are the newly elected directors?

The filing mentions the election of directors as an item of report, but the names of the newly elected directors are not specified in this excerpt.

What is the significance of the 'Departure of Directors or Certain Officers' item?

This item signifies that there have been departures of directors or key officers, which is a material event requiring disclosure.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on June 13, 2024.

What is American Well Corporation's principal executive office address?

American Well Corporation's principal executive office is located at 75 State Street, 26th Floor, Boston, Massachusetts, 02109.

From the Filing

0000950170-24-074353.txt : 20240617 0000950170-24-074353.hdr.sgml : 20240617 20240617170133 ACCESSION NUMBER: 0000950170-24-074353 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240613 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240617 DATE AS OF CHANGE: 20240617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Well Corp CENTRAL INDEX KEY: 0001393584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39515 FILM NUMBER: 241049115 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 BUSINESS PHONE: 617-205-3500 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 26TH FLOOR CITY: Boston STATE: MA ZIP: 02109 8-K 1 amwl-20240613.htm 8-K 8-K 0001393584 false 0001393584 2024-06-13 2024-06-13   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): June 13, 2024     American Well Corporation (Exact name of Registrant as Specified in Its Charter)     Delaware 001-39515 20-5009396 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           75 State Street 26th Floor   Boston , Massachusetts   02109 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 617 204-3500     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ 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 Class A Common Stock, $0.01 Par Value   AMWL   New York Stock Exchange 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. On June 13, 2024, the Board of Directors (the "Board") of American Well Corporation (the "Company") appointed Rivka "Ricky" Goldwasser as a Class II director of the Company. Ms. Goldwasser will serve for a term ending on the date of the Company’s 2025 annual meeting of shareholders and until her successor is duly elected and qualified, or until her earlier resignation, death, or removal.  The Board determined Ms. Goldwasser qualifies as an &#8220

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