---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-22-000764"
form_type: "8-K"
ticker: "HCTI"
cik: "0001839285"
company_name: "Healthcare Triangle, Inc."
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:35:59.449288+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001607062-22-000764
- form_type: 8-K
- ticker: HCTI
- cik: 0001839285
- company_name: Healthcare Triangle, Inc.
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000764/0001607062-22-000764-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000764/hcti122322form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-22-000764
- JSON: https://secwatch.observer/filing/0001607062-22-000764.json
- Plain text: https://secwatch.observer/filing/0001607062-22-000764.txt

## Key facts
- Executive change
  Jeffrey S. Mathiesen resigned as Director at Healthcare Triangle, Inc..
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000764/0001607062-22-000764-index.htm
- Executive change
  John Leo resigned as Director at Healthcare Triangle, Inc..
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000764/0001607062-22-000764-index.htm
- Executive change
  April Bjornstad resigned as Director at Healthcare Triangle, Inc..
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839285/000160706222000764/0001607062-22-000764-index.htm

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