CONNECTURE, INC. (NASDAQ:CNXR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
|
Departure of Directors or Certain Officers; Election of |
Effective January 1, 2017, the Board of Directors of Connecture,
Inc. (the Company), appointed Vincent Estrada as the Companys
Chief Financial Officer and Secretary. Mr. Estrada will serve as
the Companys principal financial officer and principal accounting
officer.
Prior to joining the Company, Mr. Estrada, age 52, served as CFO
and Executive Vice President of Business Development for
HealthMEDEX, LLC, a developer of electronic medical record (EMR)
solutions for long-term and other non-acute care providers,
during his tenure from December 2011 through its October 2016
acquisition by Netsmart Technologies, Inc.
Mr. Estradas annual base salary is $300,000, and his annual
target bonus is 50% of his base salary. In connection with his
appointment, the Company granted Mr. Estrada stock options to
purchase 125,000 shares of the Companys common stock and
restricted stock units representing 125,000 shares of the
Companys common stock.
The foregoing descriptions of the employment arrangement with Mr.
Estrada are qualified in their entirety by the respective terms
of the employment agreement entered with Mr. Estrada, which is
filed as Exhibit 10.1 to this Current Report on Form 8-K.A press
release announcing the appointment of Mr. Estrada is also
attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
|
Item 9.01 |
Financial Statements and Exhibits. |
(d)Exhibits
|
Exhibit No. |
Description |
|
10.1 |
Employment Agreement, effective January 1, 2017, by and |
|
99.1 |
Press Release dated January 3, 2017 |
About CONNECTURE, INC. (NASDAQ:CNXR)
Connecture, Inc. provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange. The Enterprise/Commercial segment offers insurance distribution solutions to health plans. The Enterprise/State segment offers the sales automation solutions to state Governments, which allow its customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based Medicare plan comparison, prescription drug comparison and enrollment tools for health plans, pharmacy benefit managers, pharmacies, field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants, brokers, exchange operators and aggregators. CONNECTURE, INC. (NASDAQ:CNXR) Recent Trading Information
CONNECTURE, INC. (NASDAQ:CNXR) closed its last trading session up +0.03 at 1.71 with 29,283 shares trading hands.
