Current Report Filing (8-k)

Date : 12/04/2018 @ 10:13PM
Source : Edgar (US Regulatory)
Stock : Athenahealth, Inc. (ATHN)
Quote : 134.99  0.0 (0.00%) @ 12:00AM

Current Report Filing (8-k)





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 2018
athenahealth, Inc.
(Exact name of registrant as specified in its charter)
Delaware
 
001-33689
 
04-3387530
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
311 Arsenal Street, Watertown, MA 02472
 
 
(Address of principal executive office, including zip code)
 

Registrant’s telephone number, including area code:
617-402-1000
________________________________________________________________________________

(Former name or former address, if changed since last report.)
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:
 
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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.
On November 30, 2018, the Compensation Committee of the Board of Directors (the “ Board ”) of athenahealth, Inc. (the “ Company ”) approved a cash bonus payment in the amount of $450,000 to be paid to Marc A. Levine in recognition of the duties performed by Mr. Levine in addition to his role as Executive Vice-President and Chief Financial Officer of the Company at the request of the Board from June 6, 2018 to date (the “ Executive Duties Bonus ”). The Executive Duties Bonus shall be paid at the Company’s next regularly-scheduled payroll date.
On December 3, 2018, the Company entered into certain agreements providing for the payment of cash bonuses to specified key employees (the “ Transaction Bonus Agreement ”) in connection with the transactions contemplated by that certain Agreement and Plan of Merger among the Company, May Holding Corp. and May Merger Sub Inc. dated as of November 11, 2018 (the “ Merger Agreement ”).
Under the Transaction Bonus Agreement, the following cash bonus payments (each a “ Transaction Bonus ”) will be paid to each of the named executive officers of the Company below:
Name of Executive
 
Position
 
Bonus Amount
Dan Haley
 
Senior Vice President, Chief Legal and Administrative Officer
 

$150,000

Prakash Khot
 
Executive Vice President, Chief Technology Officer
 

$250,000

Marc A. Levine
 
Executive Vice President, Chief Financial Officer and Treasurer
 

$600,000

Jonathan Porter
 
Senior Vice President, Chief Product Officer
 

$250,000

Fifty percent (50%) of the Transaction Bonus (the “ First Payment ”) will be paid to each of the named executive officers listed above on December 28, 2018. The remaining fifty percent (50%) of the Transaction bonus (the “ Second Payment ”) will be paid upon the closing of the transactions contemplated by the Merger Agreement; provided that if such closing does not occur on or prior to May 10, 2019, the Second Payment will be forfeited. The named executive officer is required to be employed by the Company on the date the bonus is paid with respect to the First Payment and on the date of the closing with respect to the Second Payment, subject to exceptions upon certain terminations of employment.
A copy of the form of the Transaction Bonus Agreement is filed herewith as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of the terms of the Transaction Bonus Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such exhibit.

Item 9.01    Financial Statements and Exhibits.
(d)      Exhibits .
Exhibit No.
 
Description
10.1
 








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.
 
 
athenahealth, Inc.
 
 
(Registrant)

December 4, 2018
 
/s/ Marc A. Levine
 
 
Marc A. Levine
 
 
Executive Vice President, Chief Financial Officer
and Treasurer




Athenahealth, Inc. (NASDAQ:ATHN)
Historical Stock Chart

1 Year : From Dec 2018 to Dec 2019

Click Here for more Athenahealth, Inc. Charts.

Athenahealth, Inc. (NASDAQ:ATHN)
Intraday Stock Chart

Today : Thursday 5 December 2019

Click Here for more Athenahealth, Inc. Charts.

Latest ATHN Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.