Performant Financial Corporation (NASDAQ:PFMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July13, 2017, Hakan L. Orvell, Vice President and Chief Financial Officer of Performant Financial Corporation (the “Company”), who has served as the Company’s Chief Financial Officer since November 2006, will go on a leave of absence for health reasons.
During Mr.Orvell’s medical leave of absence, Ian A. Johnston, the Company’s Vice President and Chief Accounting Officer, will also serve as the Company’s acting principal financial officer. Prior to appointment as the Company’s Vice President and Chief Accounting Officer in April, 2017, Mr. Johnston served as the Company’s Corporate Controller since 2005.
About Performant Financial Corporation (NASDAQ:PFMT)
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes. The Company uses its technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. It provides recovery services to the government-supported student loan industry and its clients include the Department of Education and Guaranty Agencies, as well as private financial institutions. The Company provides recovery services related to improper payments in the healthcare market.