February 12, 20240001628908false00016289082024-02-122024-02-12

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

February 12, 2024
Date of Report (Date of earliest event reported)   

Evolent Health, Inc.
(Exact name of registrant as specified in its charter)
_________________________


Delaware001-3741532-0454912
(State or other jurisdiction of incorporation or organization)Commission File Number:(I.R.S. Employer
Identification No.)
1812 N. Moore Street,Suite 1705,Arlington,Virginia,22209
(Address of principal executive offices)(zip code)
  
(571) 389-6000
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name, former address and former fiscal year, 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))



Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock of Evolent Health, Inc., par value $0.01 per shareEVHNew York Stock Exchange

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 February 12, 2024, Dr. Tunde Sotunde retired from the Board of Directors (the “Board”) of Evolent Health, Inc., (the “Company”). Dr. Sotunde’s decision to retire was not the result of any disagreement between the Company and Dr. Sotunde on any matter relating to the Company’s operations, policies, or practices.

On February 14, 2024, the Board appointed Mr. Russell Glass to the Board with a term expiring at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”).

The Board has determined that Mr. Glass is an independent director in accordance with applicable New York Stock Exchange and Securities and Exchange Commission (“SEC”) rules and regulations. There is no arrangement or understanding between Mr. Glass and any other person pursuant to which Mr. Glass was appointed, and there are no related party transactions with regard to Mr. Glass (or any of his immediate family members) that are reportable under Item 404(a) of Regulation S-K.

Mr. Glass will be eligible to participate in the compensation arrangements and programs that are established for the Company’s non-employee directors as described in the Company’s definitive proxy statement filed with the SEC on April 28, 2023. The Company entered into its standard form of indemnification agreement with Mr. Glass, a form of which is filed as Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

Item 7.01 - Regulation FD Disclosure.

On February 14, 2024, the Company issued a press release announcing Mr. Glass’ appointment to the Board. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information, including Exhibit 99.1 hereto, furnished under this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act of 1934 (the “Exchange Act”), or otherwise subject the Company or any other person to liability under that Section, to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 - Other Events.

On February 14, 2024, the Board of the Company established June 6, 2024, as the date for the Company’s 2024 Annual Meeting. The Company’s 2024 Annual Meeting will be held virtually. The record date for stockholders eligible to vote at the annual meeting was set for April 11, 2024.


Item 9.01. Financial Statements and Exhibits.

Exhibit No.Description
104The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.


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.


Date: February 14, 2024



EVOLENT HEALTH, INC.
By: /s/ Jonathan Weinberg
Name:Jonathan Weinberg
Title:General Counsel and Secretary


evhnewlogoa.jpg
Evolent Adds Russell Glass, Headspace CEO, to Board of Directors


WASHINGTON, Feb. 14, 2024 /PRNewswire/ -- Evolent Health, Inc. (NYSE: EVH), a company that specializes in better health outcomes for people with complex conditions through proven solutions that make health care simpler and more affordable, today appointed Russell Glass to its Board of Directors. Glass has almost 25 years of experience as a successful technology and health care executive who currently serves as Chief Executive Officer of Headspace, a pioneering company focused on digitally enabled mental health support for employers, health plans and consumers.

Glass will fill the seat vacated by Dr. Tunde Sotunde, who retired from the Board effective February 12, 2024. Dr. Sotunde stated, "I've been incredibly impressed with Evolent during my time on the Board. I am confident in the significant opportunity that lies ahead for the company. I believe Evolent remains well positioned to continue its innovative leadership in the value-based specialty care market.”

Seth Blackley, Chief Executive Officer and Co-founder of Evolent, stated, "I want to thank Tunde for his many contributions to the Board over the last several years. I would also like to take this opportunity to welcome Russ Glass to the Evolent Board of Directors. Russ brings incredible experience at the intersection of health care services, technology and artificial intelligence at a pivotal time in Evolent’s history.”

Glass added, “Like Headspace, Evolent is tackling two of the largest challenges in health care today – improving patient experiences to drive positive health outcomes and increasing affordability and access for all. I am excited to work closely with the Evolent team and Board to support the exciting evolution and growth in Evolent’s value-based specialty care platform.”

Chair of the Evolent Board of Directors Cheryl Scott added, "On behalf of my fellow Directors, we want to thank Tunde for his commitment and valuable contributions to Evolent during the last several years.” Ms. Scott continued, “After conducting a broad, national search, the Board is pleased to appoint Russell Glass as an Evolent Director. Russ adds critical depth in health care technology innovation as well as an important perspective on how complex care and mental health interact. In addition, Russ compliments the deep health care and finance expertise resident on the existing Evolent Board, including with our four senior health plan executives."

Glass has served as CEO of Headspace since 2021. Prior to that, he held multiple CEO roles, most recently at Ginger, an on-demand mental health platform that merged with Headspace in 2022, resulting in the creation of an end-to-end digital mental health platform. In addition, Russ founded and served as the CEO and President of Bizo, a B2B marketing and data platform, which he sold to LinkedIn in 2014. Following the sale of Bizo, Russ became a Product Vice President at LinkedIn, where he delivered industry-leading solutions to help marketers get to the right professionals while improving the online experience of LinkedIn members. He holds a Bachelor of Science in Engineering and Economics from Duke University.






About Evolent Health

Evolent (NYSE: EVH) specializes in better health outcomes for people with complex conditions through proven solutions that make health care simpler and more affordable. Evolent serves a national base of leading payers and providers and is consistently recognized as a top place to work in health care nationally. Learn more about how Evolent is changing the way health care is delivered by visiting evolent.com.

Contacts:

Investor Relations
Seth R. Frank
Vice President, Investor Relations
Evolent
sfrank@evolenthealth.com



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Feb. 12, 2024
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Document Type 8-K
Document Period End Date Feb. 12, 2024
Entity Registrant Name Evolent Health, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-37415
Entity Tax Identification Number 32-0454912
Entity Address, Address Line One 1812 N. Moore Street
Entity Address, Address Line Two Suite 1705
Entity Address, City or Town Arlington
Entity Address, State or Province VA
City Area Code 571
Local Phone Number 389-6000
Entity Address, Postal Zip Code 22209
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