Item 8.01 Other Events.
On March 22, 2021, eHealth, Inc. (NASDAQ: EHTH) ("eHealth" or the "Company")
issued the following statement regarding disclosure by Starboard Value LP
(together with the other participants in its solicitation, "Starboard") that it
had submitted a notice of intent to nominate four director candidates to stand
for election to eHealth's Board of Directors at the 2021 annual meeting of
shareholders (the "2021 Annual Meeting"):
"The eHealth Board of Directors and management team regularly engage with
shareholders and are committed to enhancing shareholder value. eHealth has held
discussions with Starboard to better understand its views and looks forward to
continued engagement.
The eHealth Board is open-minded with respect to value creation opportunities
and will continue to take the actions that it believes are in the best interest
of eHealth and all of its shareholders. In that light, the Board is reviewing
Starboard's nominees and will present its formal recommendation in due course."
Important Additional Information
The Company, its directors and certain of its executive officers will be deemed
to be participants in the solicitation of proxies from the Company's
shareholders in connection with the Company's 2021 Annual Meeting. The Company
intends to file a definitive proxy statement and a GREEN proxy card with the
Securities and Exchange Commission (the "SEC") in connection with any such
solicitation of proxies from the Company's shareholders. SHAREHOLDERS OF THE
COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING GREEN
PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.
The Company's definitive proxy statement for the 2020 annual meeting of
shareholders contains information regarding the direct and indirect interests,
by security holdings or otherwise, of the Company's directors and executive
officers in the Company's securities. Information regarding subsequent changes
to their holdings of the Company's securities can be found in the SEC filings on
Forms 3, 4, and 5, which are available on the Company's website at
https://ir.ehealthinsurance.com or on the SEC's website at www.sec.gov.
Information can also be found in the Company's other SEC filings, including its
Annual Report on Form 10-K for the year ended December 31, 2020. Updated
information regarding the identity of potential participants, and their direct
or indirect interests, by security holdings or otherwise, will be set forth in
the definitive proxy statement and other materials to be filed with the SEC in
connection with the 2021 Annual Meeting. Shareholders will be able to obtain the
definitive proxy statement and any amendments or supplements to the proxy
statement, when they become available, and other documents filed by the Company
with the SEC at no charge on the SEC's website at www.sec.gov. Copies will also
be available at no charge at the Company's website at
https://ir.ehealthinsurance.com.
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