Cotiviti Holdings, Inc. (NYSE:COTV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Cotiviti Holdings, Inc. (NYSE:COTV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Cotiviti Holdings, Inc. (the “Company”) previously announced the appointment of Adrienne Calderone as interim Chief Financial Officer of the Company, effective September 1, 2017. In connection with such appointment, on August 4, 2017, the Board of Directors of the Company approved, effective upon her assumption of the interim Chief Financial Officer role, (i) a one-time bonus payment of $25,000, less applicable taxes and withholdings, (ii) an award of a number of stock options (the “Options”) to the terms of the Company’s 2016 Equity Incentive Plan (the “Plan”) equal to $125,000 on the grant date, and (iii) an award of a number of restricted stock units (“RSUs”) to the terms of the Plan equal to $125,000 on the grant date. The Options and RSUs will vest in four equal annual installments over a four-year period on each anniversary date of the grant, subject to Ms. Calderone’s continued service or employment with the Company through each applicable vesting date.


About Cotiviti Holdings, Inc. (NYSE:COTV)

Cotiviti Holdings, Inc. is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States. The Company also provides analytics-based solutions unrelated to its healthcare payment accuracy solutions in the United States. Through its Global Retail and Other segment, the Company provides retrospective claims accuracy solutions to retailers primarily in the United States, Canada and the United Kingdom, as well as solutions that develop payment networks for a range of clients. The Company offers various solutions, such as prospective claims accuracy solutions, retrospective claims accuracy solutions and other services.