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

ME Staff 8-k
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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 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)    On December 12, 2016, the Board of Directors (the “Board”) of Cotiviti Holdings, Inc. (the “Company”) elected Ms. Mala Anand to serve as a Class I director of the Board and also appointed Ms. Anand to serve on the Audit Committee, effective December 12, 2016. 

The Board reviewed and discussed the qualifications of Ms. Anand as a director nominee, and determined that she is an “independent director” in accordance with the New York Stock Exchange (“NYSE”) listing standards. The Board also determined that Ms. Anand is an “independent director” under Rule 10A-3 of the Securities Exchange Act of 1934, as amended, and she is financially literate as required by NYSE Rule 303A.07.

Ms. Anand will be compensated for her service as a director in the same manner as the Company’s other non-employee directors.

Ms. Anand is not a party to any transaction requiring disclosure to Item 404(a) of Regulation S-K.

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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.

Cotiviti Holdings, Inc. (NYSE:COTV) Recent Trading Information

Cotiviti Holdings, Inc. (NYSE:COTV) closed its last trading session down -0.58 at 34.75 with 364,703 shares trading hands.