Streamline Health Solutions,Inc. (NASDAQ:STRM) 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.
On August6, 2018, the board of directors (the “Board”) of Streamline Health Solutions,Inc. (the “Company”) appointed Wyche T. “Tee” Green,III to the Board, effective as of the same date.
Mr.Green, age 46, is the Chairman and Chief Executive Officer of Greenway Unlimited, an investment company that he founded in 2013. He is the former Chief Executive Officer and Executive Chairman, and a co-founder, of Greenway Medical Health, an electronic health record and practice management based in Carrollton, Georgia, where he served in leadership roles since 1998 and was responsible for leading the Company’s strategic direction while managing the sales, marketing and business development teams. He has a wide array of public and nonpublic board service with healthcare and technology related companies. Mr.Green received a bachelor’s degree in business administration management from Auburn University. We believe Mr.Green’s qualifications to serve on our Board of Directors include his experience as a software executive, his knowledge of our industry and his ability to bring perspective to the Board.
Upon joining the Board, Mr.Green will be leading a comprehensive review of strategy and operations of the Company with a focus on identifying additional growth opportunities for the Company.
Mr.Green and the Company previously entered into a consulting agreement, dated October25, 2017 (the “Agreement”), to which Mr.Green receives a monthly fee of $5,000. The Agreement automatically renews on a monthly basis unless terminated by either party upon thirty (30) days’ advance written notice to the other party.
Other than the transaction described above, there are no related party transactions involving Mr.Green that are reportable under Item 404(a)of Regulation S-K. There is no arrangement or understanding with any person to which Mr.Green was appointed as a member of the Board.
A copy of the press release announcing Mr.Green’s appointment is furnished as Exhibit99.1 and is incorporated herein by reference.
In addition, Michael K. Kaplan and Michael G. Valentine, both members of the Board, have informed the Company that they will serve the remainder of their terms, which expire at the Company’s next annual meeting of stockholders, but will not stand for re-election at that meeting. The Company is grateful for both of their valuable contributions.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
The following exhibits are filed herewith:
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ExhibitNo. |
Description |
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99.1 |
Press release dated August7, 2018 |