HealthEquity terminates EVP of Sales William Otten in restructuring; Lindsay leads combined team

HEALTHEQUITY, INC.

Sales and relationship management functions consolidated under EVP Steve Lindsay, a 15-year HealthEquity veteran.
William Otten terminated without cause as EVP of Sales effective August 10, 2021; receives negotiated severance.
Restructuring aims to improve channel leverage and invest in distribution partners (health plans, brokers, record keepers).
Under Lindsay, Network Partners grew from fewer than 10 to 175 since 2006.

item 5.02 item 9.01

Executive movements

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Departed

William Otten

Executive Vice President of Sales

HQY · HEALTHEQUITY, INC.

Effective: 2021-08-10
Filed: August 13, 2021, 7:59 PM ET

HealthEquity eliminated the position of Executive Vice President of Sales and terminated the employment of William Otten, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

William Otten was terminated as Executive Vice President of Sales at HEALTHEQUITY, INC..

Action: terminated
Role: Executive Vice President of Sales

Exact text from the filing

HealthEquity eliminated the position of Executive Vice President of Sales and terminated the employment of William Otten, effective immediately.

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HEALTHEQUITY, INC. filing history →

Source: SEC EDGAR

accession 0001428336-21-000031

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