---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037284"
form_type: "8-K"
ticker: null
cik: "0001008586"
company_name: "STREAMLINE HEALTH SOLUTIONS INC."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:03:14.393711+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Streamline Health cuts 24% of workforce, loses $4.5M legacy client; appoints new CEO and interim CFO

## Summary
- Reduces workforce by ~26 employees (24%) for annual cost savings of ~$5.8M; one-time restructuring expense of $0.8-1.2M.
- Received termination notice from legacy client with $4.5M annualized revenue; guidance suspended.
- Benjamin Stilwill appointed CEO, succeeding Tee Green who becomes Executive Chairman.
- Bryant 'B.J.' Reeves named Interim CFO; Thomas Gibson to depart after transition.
- Restructuring expected to be substantially recognized by end of fiscal 2023.

## SEC filing metadata
- accession: 0001493152-23-037284
- form_type: 8-K
- cik: 0001008586
- company_name: STREAMLINE HEALTH SOLUTIONS INC.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037284
- JSON: https://secwatch.observer/filing/0001493152-23-037284.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037284.txt

## Key facts
- Executive change
  Wyche T. 'Tee' Green, III changed role as Executive Chairman at STREAMLINE HEALTH SOLUTIONS INC..
  - Action: transitioned to
  - Role: Executive Chairman
  source text: Mr. Stilwill is succeeding Wyche T. “Tee” Green, III as Chief Executive Officer, with Mr. Green transitioning to the role of Executive Chairman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm
- Executive change
  Benjamin L. Stilwill was appointed as Chief Executive Officer at STREAMLINE HEALTH SOLUTIONS INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company appointed Benjamin L. Stilwill as Chief Executive Officer of the Company, effective October 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm
- Executive change
  Bryant 'B.J.' Reeves was appointed as Interim Chief Financial Officer at STREAMLINE HEALTH SOLUTIONS INC..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: the Company appointed Bryant “B.J.” Reeves as Interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company, effective October 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm
- Executive change
  Thomas J. Gibson departed as Chief Financial Officer at STREAMLINE HEALTH SOLUTIONS INC..
  - Action: will no longer serve
  - Role: Chief Financial Officer
  source text: Thomas J. Gibson will no longer serve as Chief Financial Officer of the Company, effective October 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm
- Restructurings & Charges
  STREAMLINE HEALTH SOLUTIONS INC. announced a restructuring with charges of approximately $0.8 to $1.2 million (approximately 26 employees, representing approximately 24% of the Company's workforce).
  - Type: restructuring
  - Charge: approximately $0.8 to $1.2 million
  - Headcount: approximately 26 employees, representing approximately 24% of the Company's workforce
  source text: result in annual cost savings of approximately $5.8 million. The Company estimates the one-time restructuring costs associated with the workforce reduction to be approximately $0.8 to $1.2 million, which consists primarily of severance payments and related benefits to affected employees. The Company communicated the workforce reduction on October 13, 2023,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1008586/000149315223037284/0001493152-23-037284-index.htm

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