CEO Kevin Clark to become Chairman; John Martins named CEO; Q4 2021 guidance raised sharply

CROSS COUNTRY HEALTHCARE INC

Kevin Clark transitions to Chairman effective March 31, 2022; John A. Martins promoted to President and CEO.
Q4 2021 revenue guidance raised to $630M-$640M (up ~192% YoY); adjusted EBITDA $77M-$82M; adjusted EPS $1.32-$1.42.
Full year 2021 projected revenue $1.67B, adjusted EBITDA $161M, adjusted EPS $3.03.
Martins previously Group President, Delivery, joined Jan 2021; nearly 20 years healthcare staffing experience.
Clark receives $70K cash retainer + $85K Chairman fee, plus equity; outstanding awards continue vesting.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John A. Martins

director

CCRN · CROSS COUNTRY HEALTHCARE INC

Effective: 2022-03-31
Filed: January 19, 2022, 6:59 PM ET

will be appointed as a director of the Company (the “Appointment”)

Role change

Kevin C. Clark

Chairman of the Board

CCRN · CROSS COUNTRY HEALTHCARE INC

Effective: 2022-03-31
Successor: John A. Martins
Filed: January 19, 2022, 6:59 PM ET

Kevin C. Clark, Co-Founder and Chief Executive Officer (“CEO”) of the Company, will retire and transition from his current role as President and CEO of the Company to Chairman of the Board (the “Transition”).

Appointed

John A. Martins

President and CEO

CCRN · CROSS COUNTRY HEALTHCARE INC

Effective: 2022-03-31
Filed: January 19, 2022, 6:59 PM ET

John A. Martins, the Company’s current Group President, Delivery, will be promoted to President and CEO (the “Promotion”)

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John A. Martins was appointed as director at CROSS COUNTRY HEALTHCARE INC.

Action: appointed
Role: director

Exact text from the filing

will be appointed as a director of the Company (the “Appointment”)

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin C. Clark changed role as Chairman of the Board at CROSS COUNTRY HEALTHCARE INC.

Action: retire and transition
Role: Chairman of the Board

Exact text from the filing

Kevin C. Clark, Co-Founder and Chief Executive Officer (“CEO”) of the Company, will retire and transition from his current role as President and CEO of the Company to Chairman of the Board (the “Transition”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John A. Martins was appointed as President and CEO at CROSS COUNTRY HEALTHCARE INC.

Action: promoted
Role: President and CEO

Exact text from the filing

John A. Martins, the Company’s current Group President, Delivery, will be promoted to President and CEO (the “Promotion”)

View on SEC.gov

CROSS COUNTRY HEALTHCARE INC filing history →

Source: SEC EDGAR

accession 0001157523-22-000069

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