Alignment Healthcare CMO Kumar to depart Oct 1; Dr. Furman expands clinical role, $500K base

Alignment Healthcare, Inc.

Dr. Dinesh Kumar, Chief Medical & Operating Officer, to depart Oct 1, 2023 under mutual separation agreement.
Dr. Donald Furman, Chief Clinical Officer, assumes greater oversight; base salary set at $500,000 with 85% target bonus.
Kumar receives accelerated vesting of $1,036,000 in equity (based on effective-date share price) plus 65,039 additional RSUs.
Kumar also eligible for COBRA premium payments for 12 months and pro-rata 2023 bonus; vested options exercisable 90 days after Oct 1.

item 5.02 item 9.01

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Departed

Dr. Dinesh Kumar

Chief Medical and Operating Officer

ALHC · Alignment Healthcare, Inc.

Effective: 2023-10-01
Filed: August 15, 2023, 7:59 PM ET

On August 9, 2023, Alignment Healthcare, Inc. (the "Company") and Dr. Dinesh Kumar reached a mutual agreement of employment separation, pursuant to which Dr. Kumar will no longer serve as the Company’s Chief Medical and Operating Officer, effective as of October 1, 2023 (the “Effective Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Dinesh Kumar departed as Chief Medical and Operating Officer at Alignment Healthcare, Inc..

Action: will no longer serve
Role: Chief Medical and Operating Officer

Exact text from the filing

On August 9, 2023, Alignment Healthcare, Inc. (the "Company") and Dr. Dinesh Kumar reached a mutual agreement of employment separation, pursuant to which Dr. Kumar will no longer serve as the Company’s Chief Medical and Operating Officer, effective as of October 1, 2023 (the “Effective Date”).

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Alignment Healthcare, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-042834

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