Amwell Reports Board Changes and Compensation Updates

Ticker: AMWL · Form: 8-K · Filed: 2024-12-18T00:00:00.000Z

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

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.

From the Filing

0000950170-24-137929.txt : 20241218 0000950170-24-137929.hdr.sgml : 20241218 20241218163119 ACCESSION NUMBER: 0000950170-24-137929 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241217 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: 20241218 DATE AS OF CHANGE: 20241218 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: 241559692 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-20241217.htm 8-K 8-K 0001393584 false 0001393584 2024-12-17 2024-12-17   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): December 17, 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. Amendment to Employment Agreement with Mark Hirschhorn   On December 17, 2024, American Well Corporation (the “Company”) appointed its current Chief Financial Officer, Mark Hirschhorn, age 60, to also serve as its Chief Operating Officer. Mr. Hirschhorn is a healthcare technology industry leader, with over three decades of experience in financial and strategic operations, having served in senior executive positions for both public and priv

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