secwatch.observer — SEC 8-K summary
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Issuer:     Health Catalyst, Inc. (HCAT)
CIK:        0001636422
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001636422-26-000015
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Health Catalyst appoints Ben Albert as CEO, accelerates CEO succession; board reduced to 5
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- Ben Albert appointed CEO and director effective Feb 12, 2026; Dan Burton steps down as CEO and from board.
- Albert's compensation: $600k salary, 100% bonus target, 465k RSUs + 465k PRSUs.
- Director resignations: Smith, Gallagher (Feb 17), Kane (Apr 1); board shrinks from 9 directors to 5.
- Justin Spencer named chair of board; Matt Arens chairs nominating committee.
- Albert previously COO since Sep 2025; prior CEO of Upfront Healthcare acquired Jan 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636422/000163642226000015/0001636422-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636422/000163642226000015/hcat-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001636422-26-000015

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