---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-21-000031"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2021-08-13T23:59:59+00:00"
generated_at: "2026-06-29T11:12:56.824275+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001428336-21-000031
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2021-08-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1428336/000142833621000031/0001428336-21-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833621000031/hqy-20210810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-21-000031
- JSON: https://secwatch.observer/filing/0001428336-21-000031.json
- Plain text: https://secwatch.observer/filing/0001428336-21-000031.txt

## Key facts
- Executive change
  William Otten was terminated as Executive Vice President of Sales at HEALTHEQUITY, INC..
  - Action: terminated
  - Role: Executive Vice President of Sales
  source text: HealthEquity eliminated the position of Executive Vice President of Sales and terminated the employment of William Otten, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1428336/000142833621000031/0001428336-21-000031-index.htm

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