secwatch.observer — SEC 8-K summary
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Issuer:     American Well Corp (AMWL)
CIK:        0001393584
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0000950170-24-099877
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Well amends CCO Weiler's contract; adds severance for voluntary exit after June 2025
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- CCO Weiler gets one-year base salary severance, pro-rata bonus, and equity vest continuation if she voluntarily resigns without Good Reason after June 1, 2025.
- Company also reimbursed Weiler up to $15,000 in legal fees for negotiating the amendment.
- Amendment effective August 16, 2024; new severance terms apply only if she does not accept a new position prior to termination.
- The equity vesting provision accelerates unvested awards that would have vested in the first year after termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024099877/0000950170-24-099877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393584/000095017024099877/amwl-20240816.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-099877

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