American Well Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Separation Agreement with Vaughn Paunovich
On February 25, 2025, the Company entered into a separation agreement (“Paunovich Agreement”) with Vaughn Paunovich (EVP, Enterprise Platforms). The Paunovich Agreement provides that Mr. Paunovich’s employment with the Company will end on March 2, 2025. In addition, Mr. Paunovich will receive the benefits outlined in Section 8(c) of his Employment Agreement with the Company, dated May 19, 2022, with the following modifications: (i) he will receive one-time bonus payment of 70% of his base salary for a period of twelve (12) months, such amount representing his annual bonus for the 2024 calendar year; (ii) he will receive reimbursement of up to $3,500 in relocation costs; and (iii) he will receive reimbursement of all fees incurred through March 15, 2025 related to rental housing in Boston close to the Company’s headquarters.
The foregoing summary descriptions of the Paunovich Agreement are not complete and are subject to, and qualified in its entirety by reference to, the full text of the Paunovich Agreement, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being filed herewith:
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10.1 |
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Separation Agreement between American Well Corporation and Vaughn Paunovich, dated February 25, 2025 |
99.1 |
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Press Release, dated March 3, 2025, issued by American Well Corporation |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AMERICAN WELL CORPORATION |
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Date: |
March 3, 2025 |
By: |
/s/ Bradford Gay |
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Bradford Gay |