---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-25-000011"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:53:10.060813+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# HealthEquity announces departure of two directors; Black resigns, Kessler retires

## Summary
- Paul Black resigned from the Board on April 22, 2025; no disagreement with the Company.
- Board size reduced to ten members effective April 22, 2025.
- Jon Kessler's previously announced retirement effective April 30, 2025, further reduces Board to nine.
- Both departures are orderly and unrelated to any operational or policy matters.

## SEC filing metadata
- accession: 0001428336-25-000011
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000011/0001428336-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000011/hqy-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-25-000011
- JSON: https://secwatch.observer/filing/0001428336-25-000011.json
- Plain text: https://secwatch.observer/filing/0001428336-25-000011.txt

## Key facts
- Executive change
  Jon Kessler retired as Director at HEALTHEQUITY, INC..
  - Action: retired
  - Role: Director
  source text: In addition, on April 30, 2025, the size of the Board will be further reduced to nine members following the previously announced retirement of Jon Kessler from the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000011/0001428336-25-000011-index.htm
- Executive change
  Paul Black resigned as Director at HEALTHEQUITY, INC..
  - Action: resigned
  - Role: Director
  source text: On April 22, 2025, Paul Black resigned as a member of the Board of Directors (the “Board”) of HealthEquity, Inc. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000011/0001428336-25-000011-index.htm

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