Item 8.01 Other Events.
On December 29, 2021, HealthStream, Inc., a Tennessee corporation (the
"Company") announced in a press release that the Company's chief executive
officer, Robert A. Frist, Jr., has contributed approximately $2.25 million of
his personally owned shares of Company common stock to the Company, without any
consideration paid to Mr. Frist, for the benefit of over 1,000 HealthStream
employees, excluding executives, vice presidents, or associate vice presidents
who periodically receive equity grants in the Company's stock incentive plan.
The press release also announced that the Company has approved the grant of that
same number of shares under its 2016 Omnibus Incentive Plan to these employees.
It is contemplated that these shares, which will not be subject to any vesting
conditions, will be issued on or around December 29, 2021. In addition, the
press release announced that Mr. Frist has contributed approximately $185,000 of
additional shares to the Company, without any consideration paid to Mr. Frist,
which amount is equivalent to the estimated Company costs associated with the
equity grants, such as administrative expenses and employer payroll taxes which
will be associated with the grants. A copy of the press release making this
announcement is attached as Exhibit 99.1 and incorporated by reference herein.
A copy of the press release announcing the share repurchase program is filed as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
Press release dated December
99.1* 29, 2021
Cover Page Interactive Data File
(embedded within the Inline XBRL
104 document).
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* Furnished herewith.
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Exhibit Index
Exhibit
Number Description
Press release dated December
99.1* 29, 2021
Cover Page Interactive Data File
(embedded within the Inline XBRL
104 document).
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* Furnished herewith.
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