--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-148163" form_type: "8-K" ticker: null cik: "0001628945" company_name: "Cue Health Inc." filed_at: "2024-05-28T23:59:59+00:00" generated_at: "2026-06-01T08:05:21.266871+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Cue Health files for Chapter 7 bankruptcy, terminates all employees and directors ## Summary - Filed voluntary Chapter 7 bankruptcy petition on May 28; company will be liquidated by court-appointed trustee. - Terminated all employees, CEO Clint Sever, CBO Chris Achar, and CAO Randall Pollard on May 24; all directors resigned. - Received Nasdaq delisting notice for late Q1 filing; company does not intend to submit compliance plan. - Q1 2024 total revenue $10.1M, down 59% YoY; net loss $49.5M ($0.31 per share). - Cash and equivalents $40.2M as of March 31, 2024, down from $80.9M at year-end 2023. ## SEC filing metadata - accession: 0001193125-24-148163 - form_type: 8-K - cik: 0001628945 - company_name: Cue Health Inc. - filed_at: 2024-05-28T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.02, 1.03, 3.01, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/d837440d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-148163 - JSON: https://secwatch.observer/filing/0001193125-24-148163.json - Plain text: https://secwatch.observer/filing/0001193125-24-148163.txt ## Key facts - Distress & Bankruptcy Cue Health Inc. entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2024-05-28). - Proceeding: chapter 7 - Court: United States Bankruptcy Court for the District of Delaware - Petition: 2024-05-28 source text: On May 28, 2024, after considering all strategic alternatives, the Company filed a voluntary petition for relief (the “Petition”) under the provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Clint Sever was terminated as Chief Executive Officer and Co-Founder at Cue Health Inc.. - Action: terminated - Role: Chief Executive Officer and Co-Founder source text: As of May 24, 2024, the Company terminated all of its employees and executive officers, including Chief Executive Officer and Co-Founder Clint Sever, Chief Business Officer Chris Achar and Chief Accounting Officer Randall Pollard. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Randall Pollard was terminated as Chief Accounting Officer at Cue Health Inc.. - Action: terminated - Role: Chief Accounting Officer source text: As of May 24, 2024, the Company terminated all of its employees and executive officers, including Chief Executive Officer and Co-Founder Clint Sever, Chief Business Officer Chris Achar and Chief Accounting Officer Randall Pollard. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Carole Faig resigned as Director at Cue Health Inc.. - Action: resigned - Role: Director source text: On May 24, 2024, each of the members of the Company’s board of directors, Chris Achar, Joanne Bradford, Carole Faig, Josh Ghaim, Sachin Jain and Maria Martinez (together, the “Remaining Directors”), provided notice of his or her resignation from the Board and all committees thereof, effective upon the Company’s submission of the Petition. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Josh Ghaim resigned as Director at Cue Health Inc.. - Action: resigned - Role: Director source text: On May 24, 2024, each of the members of the Company’s board of directors, Chris Achar, Joanne Bradford, Carole Faig, Josh Ghaim, Sachin Jain and Maria Martinez (together, the “Remaining Directors”), provided notice of his or her resignation from the Board and all committees thereof, effective upon the Company’s submission of the Petition. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Maria Martinez resigned as Director at Cue Health Inc.. - Action: resigned - Role: Director source text: On May 24, 2024, each of the members of the Company’s board of directors, Chris Achar, Joanne Bradford, Carole Faig, Josh Ghaim, Sachin Jain and Maria Martinez (together, the “Remaining Directors”), provided notice of his or her resignation from the Board and all committees thereof, effective upon the Company’s submission of the Petition. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Joanne Bradford resigned as Director at Cue Health Inc.. - Action: resigned - Role: Director source text: On May 24, 2024, each of the members of the Company’s board of directors, Chris Achar, Joanne Bradford, Carole Faig, Josh Ghaim, Sachin Jain and Maria Martinez (together, the “Remaining Directors”), provided notice of his or her resignation from the Board and all committees thereof, effective upon the Company’s submission of the Petition. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Sachin Jain resigned as Director at Cue Health Inc.. - Action: resigned - Role: Director source text: On May 24, 2024, each of the members of the Company’s board of directors, Chris Achar, Joanne Bradford, Carole Faig, Josh Ghaim, Sachin Jain and Maria Martinez (together, the “Remaining Directors”), provided notice of his or her resignation from the Board and all committees thereof, effective upon the Company’s submission of the Petition. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm - Executive change Chris Achar was terminated as Chief Business Officer at Cue Health Inc.. - Action: terminated - Role: Chief Business Officer source text: As of May 24, 2024, the Company terminated all of its employees and executive officers, including Chief Executive Officer and Co-Founder Clint Sever, Chief Business Officer Chris Achar and Chief Accounting Officer Randall Pollard. evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312524148163/0001193125-24-148163-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.