secwatch.observer — SEC 8-K summary
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Issuer:     NRC HEALTH (NRC)
CIK:        0000070487
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001437749-24-001540
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRC Health promotes Hrdy to Chief Customer Officer, adds three execs, ties compensation to $170M TRCV target
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- Helen Hrdy promoted to CCO; Jason Hahn (CRO), Christophe Louvion (CPTO), Andy Monnich (CCDO) appointed.
- Hrdy base salary raised to $400k; receives option for 100k shares vesting on $170M TRCV by Dec 2026.
- Long-term cash bonus for Hrdy: zero below $170M TRCV, up to ~$8.6M at $233M TRCV (Dec 2026).
- Hays receives option equal to ($63,700 × 3) / Jan 18 close price, same TRCV vesting condition.
- Press release notes recent multi-million-dollar contract win with Advocate Health system.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70487/000143774924001540/0001437749-24-001540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70487/000143774924001540/nrc20240116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001540

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