secwatch.observer — SEC 8-K summary
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Issuer:     ENVESTNET, INC. (—)
CIK:        0001337619
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001213900-24-001732
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/0001213900-24-001732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337619/000121390024001732/ea191296-8k_envestnet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-001732

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