---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-001732"
form_type: "8-K"
ticker: null
cik: "0001337619"
company_name: "ENVESTNET, INC."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:05:08.900502+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Envestnet CEO Bill Crager to step down March 31, 2024; interim CEO James Fox appointed; Q4/FY guidance reaffirmed

## Summary
- CEO Bill Crager will step down effective March 31, 2024, becoming Senior Advisor focusing on clients and partnerships.
- Board Chair James Fox appointed interim CEO starting April 1, 2024; search for permanent CEO initiated.
- Separation agreement: accrued salary through March 31, 2024, unpaid expenses, and equity awards vesting through March 2025.
- Company reaffirms Q4 2023 revenue $309-314M, adj. EBITDA $64.5-68.5M; full year revenue $1,237-1,242M, adj. EBITDA $245-249M.

## SEC filing metadata
- accession: 0001213900-24-001732
- form_type: 8-K
- cik: 0001337619
- company_name: ENVESTNET, INC.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/ea191296-8k_envestnet.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-001732
- JSON: https://secwatch.observer/filing/0001213900-24-001732.json
- Plain text: https://secwatch.observer/filing/0001213900-24-001732.txt

## Key facts
- Earnings Releases
  ENVESTNET, INC. reported fourth quarter 2023 results: revenue $309 - $314 million. Guidance reaffirmed.
  - Period: fourth quarter 2023
  - Revenue: $309 - $314 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Envestnet expects its fourth quarter 2023 revenue to be between $309 - $314 million and adjusted EBITDA between $64.5 - $68.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm
- Earnings Releases
  ENVESTNET, INC. reported full year 2023 results: revenue $1,237-$1,242 million. Guidance reaffirmed.
  - Period: full year 2023
  - Revenue: $1,237-$1,242 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: For the full year 2023, Envestnet expects revenue to be between $1,237-$1,242 million and adjusted EBITDA to be between $245-$249 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm
- Executive change
  William Crager departed as chief executive officer at ENVESTNET, INC..
  - Action: step down
  - Role: chief executive officer
  source text: Mr. Crager will step down as chief executive officer of Envestnet and each of its subsidiaries on March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm
- Executive change
  James Fox was appointed as Interim CEO at ENVESTNET, INC..
  - Action: appointed
  - Role: Interim CEO
  source text: Mr. Fox will serve as Interim CEO commencing on April 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.