Healthcare Triangle suspends CEO/Suresh Venkatachari amid SEBI order; three directors resign

Healthcare Triangle, Inc.

Three directors (Mathiesen, Leo, Bjornstad) resigned Dec 23, 2022, stating no disagreements.
SEBI restrained SecureKloud (64.6% owner) and its CEO from Indian securities market for 3 years; penalties of 30M and 40M rupees.
HCTI Board suspended Venkatachari as Chairman and CEO effective Dec 23, 2022; senior management assumes duties.
SEBI found overstatement of revenues, siphoning of ~$461,530 by SecureKloud/Venkatachari; appeal filed.
No allegations against HCTI itself, but majority shareholder is under regulatory orders.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jeffrey S. Mathiesen

Director

HCTI · Healthcare Triangle, Inc.

Effective: 2022-12-23
Filed: December 23, 2022, 6:59 PM ET

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

Departed

John Leo

Director

HCTI · Healthcare Triangle, Inc.

Effective: 2022-12-23
Filed: December 23, 2022, 6:59 PM ET

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

Departed

April Bjornstad

Director

HCTI · Healthcare Triangle, Inc.

Effective: 2022-12-23
Filed: December 23, 2022, 6:59 PM ET

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey S. Mathiesen resigned as Director at Healthcare Triangle, Inc..

Action: resigned
Role: Director

Exact text from the filing

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Leo resigned as Director at Healthcare Triangle, Inc..

Action: resigned
Role: Director

Exact text from the filing

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

April Bjornstad resigned as Director at Healthcare Triangle, Inc..

Action: resigned
Role: Director

Exact text from the filing

received a letter from Mr. Jeffrey S. Mathiesen, Mr. John Leo and Ms. April Bjornstad pursuant to which they resigned as members of the Board of Directors of the Company (“Board”), effective on that date

View on SEC.gov

Healthcare Triangle, Inc. filing history →

Source: SEC EDGAR

accession 0001607062-22-000764

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