HealthStream, Inc. (NASDAQ:HSTM) 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.
On October 22, 2018, HealthStream, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) with the Securities and Exchange Commission indicating that (i) Gerard M. Hayden, Jr., Chief Financial Officer and Senior Vice President of the Company, had provided notice to the Company that he would resign as an officer of the Company following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2018 (the “2018 Form 10-K”), (ii) effective upon such resignation, Mr. Hayden would serve as a Senior Executive Advisor to the Company and (iii) Scott A. Roberts, the Company’s Vice President, Accounting & Finance, would become interim Chief Financial Officer of the Company effective concurrently with the resignation of Mr. Hayden. The Company is filing this amendment to the Original Form 8-K to provide certain updated information with respect to the Original Form 8-K as provided below.
Consistent with this earlier notice, Mr. Hayden resigned as Chief Financial Officer and Senior Vice President of the Company effective February 26, 2019, following the filing of the 2018 Form 10-K by the Company on February 25, 2019. Following this resignation, Mr. Hayden will serve as a Senior Executive Advisor to the Company through the end of the first quarter of 2019, and will receive the same base salary during this time that he received as the Company’s Chief Financial Officer.
In addition, effective February 26, 2019, Mr. Roberts was appointed as the interim Chief Financial Officer of the Company. The Company has not entered into any plan, contract or arrangement with Mr. Roberts in connection with his appointment as interim Chief Financial Officer.
About HealthStream, Inc. (NASDAQ:HSTM)
HealthStream, Inc. provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. Its products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions. Its provider solutions include MSO for the Web (MSOW) and Privilege Content and Criteria Builder (PCCB).