secwatch.observer — SEC 8-K summary
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Issuer:     CORVEL CORP (CRVL)
CIK:        0000874866
Form:       8-K
Filed at:   2026-06-01T21:05:42+00:00
Accession:  0001193125-26-251709
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CorVel CEO Michael Combs to become Executive Chair; Sarah Scott appointed CEO and President effective July 1, 2026
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- Michael G. Combs transitions from CEO/President to Executive Chair effective July 1, 2026; will receive $25,000/month base salary plus health benefits.
- Sarah Scott, age 49, appointed CEO and President effective same date; she was EVP Product and Corporate Services since Sept 2025.
- Scott's annual base salary set at $600,000; eligible for annual cash bonus target of 75% of base (up to 100% based on performance).
- Scott granted 25,000 stock options vesting 25% after one year, remainder over 36 months; bonus 75% company performance, 25% individual MBOs.
- Combs served 34 years with the company; Board cites long-term succession planning and leadership strength.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874866/000119312526251709/0001193125-26-251709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874866/000119312526251709/d24231d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-251709

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer