Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July 15, 2021, Clover Health Investments, Corp. (the "Company") announced
that Joseph Wagner, the Company's Chief Financial Officer, will be stepping down
as an officer of the Company on August 13, 2021 (the "Departure Date"),
following the filing of the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2021 (the "Second Quarter 2021 Form 10-Q"), for personal
reasons. Mr. Wagner noted to the Company that his departure does not reflect any
disagreement with the Company on any matter relating to the Company's
operations, policies or practices.
The Company has initiated a search to identify a new Chief Financial Officer.
Effective upon the Departure Date, and until a permanent replacement for
Mr. Wagner has been named, Mark Herbers will serve as the Company's interim
Chief Financial Officer. In order to ensure a smooth transition, Mr. Herbers has
joined the Company as interim Senior Vice President of Finance and will serve in
that role until becoming the interim Chief Financial Officer on the Departure
Date. Mr. Herbers, age 67, has served as a Director of AlixPartners, LLP, a
global consulting firm, since 2014. He also served as Interim CFO of American
Renal Associates from 2019 to 2021, as CEO/CRO of El Paso Children's Hospital
from 2015 to 2016, as Chief Financial Officer of St. Clare's Health System, a
hospital system, from 2012 to 2014, and as Managing Director at FTI Consulting,
a consulting firm, from 2005 to 2014. Mr. Herbers holds a B.S. from Georgetown
University and an MBA from Washington University in St. Louis, and he is a
certified public accountant.
Item 9.01 Financial Statements and Exhibits.
(d) List of Exhibits
Exhibit No. Description
99.1 Press release dated July 15, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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