Alignment Healthcare General Counsel Richard Cross to retire Sept 1; severance terms disclosed

Alignment Healthcare, Inc.

Richard Cross, SVP, General Counsel and Corporate Secretary, plans to retire effective September 1, 2023.
Separation agreement provides severance: 12 months base salary plus target bonus via RSU acceleration.
Cross also receives acceleration of 17,292 additional RSUs and eligibility for remaining 2022 bonus (20%) and pro-rated 2023 bonus.
Company will pay 12 months of COBRA premiums if Cross elects coverage.
Separation agreement will be filed as exhibit to Q3 2023 10-Q.

item 5.02

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Departed

Richard Cross

Senior Vice President, General Counsel and Corporate Secretary

ALHC · Alignment Healthcare, Inc.

Effective: 2023-09-01
Filed: July 14, 2023, 7:59 PM ET

On July 11, 2023, Mr. Richard Cross, Senior Vice President, General Counsel and Corporate Secretary of Alignment Healthcare, Inc. (the “Company”), informed the Company that he plans to retire from his position effective as of September 1, 2023 (the “Effective Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Cross departed as Senior Vice President, General Counsel and Corporate Secretary at Alignment Healthcare, Inc..

Action: plans to retire
Role: Senior Vice President, General Counsel and Corporate Secretary

Exact text from the filing

On July 11, 2023, Mr. Richard Cross, Senior Vice President, General Counsel and Corporate Secretary of Alignment Healthcare, Inc. (the “Company”), informed the Company that he plans to retire from his position effective as of September 1, 2023 (the “Effective Date”).

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Alignment Healthcare, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-033044

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