Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 4, 2020, the Board of Directors of eHealth, Inc. (the "Company")
appointed John Pierantoni as chief accounting officer and principal accounting
officer of the Company, effective June 8, 2020. Mr. Pierantoni will assume
responsibility as principal accounting officer from Derek Yung, who will
continue his role as the Company's chief financial officer and principal
financial officer.
Prior to joining the Company, Mr. John Pierantoni, 48, was senior vice
president, finance and risk at Fair Financial Corp., a company that offers
flexible vehicle subscriptions from April 2019 to December 2019. Mr. Pierantoni
served as the interim chief financial officer of TrueCar, Inc., a digital
automotive marketplace, from February 2018 to April 2019 and as senior vice
president and chief accounting officer from December 2013 to February 2018.
Prior to his employment with TrueCar, Mr. Pierantoni served as vice president of
finance at Cornerstone OnDemand, Inc., a cloud-based talent management software
company from 2010 to 2013. Mr. Pierantoni also served as the chief accounting
officer of Ticketmaster Entertainment and the controller of the Motion Picture
Group of Paramount Pictures. In addition, he has approximately 13 years of
public accounting experience with PricewaterhouseCoopers. Mr. Pierantoni is a
certified public accountant (inactive) and holds a B.S. in accounting from
Boston College.
In connection with the appointment of Mr. Pierantoni as chief accounting officer
and principal chief accounting officer, the Company entered into an offer letter
and a severance letter (together, the "Offer") with Mr. Pierantoni. Pursuant to
the Offer, Mr. Pierantoni's initial annual base salary is $325,000 and he is
eligible to receive an annual discretionary performance bonus equal to 32% of
his annual base salary, or $104,000; provided, however, that Mr. Pierantoni's
target bonus for 2020 shall be prorated to his start date of employment. The
Offer provides for the grant, subject to the approval of the compensation
committee of the Board, of restricted stock units covering an aggregate of 5,000
shares of the Company's common stock. The restricted stock unit awards will be
subject to vesting over four years, subject to the terms of the Company's 2014
Equity Incentive Plan and the applicable restricted stock unit agreement.
If Mr. Pierantoni's employment is terminated by the Company without cause, he
will be entitled to receive, for a period of six months following the
termination of his employment with the Company, continued payment of his base
salary in effect immediately prior to his termination, conditioned on his
execution of a release of claims in favor of the Company and its affiliates. In
addition, Mr. Pierantoni is eligible to participate in the Company's relocation
benefits program, subject to his agreement to its terms and conditions.
There are no family relationships between Mr. Pierantoni and any director or
executive officer of the Company that require disclosure under Item 401(d) of
Regulation S-K. Other than the Offer, there are no transactions between Mr.
Pierantoni or any member of his immediate family, on the one hand, and the
Company or any of its subsidiaries, on the other hand, that require disclosure
under Item 404(a) of Regulation S-K. Furthermore, there are no arrangements or
understandings between Mr. Pierantoni and any other persons pursuant to which
Mr. Pierantoni was selected as the chief accounting officer and principal
accounting officer of the Company.
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