other material
confidence high
sentiment neutral
materiality 0.55
Privia Health board classified into three staggered classes after lead investors' stake falls below 25%
Privia Health Group, Inc.
- Lead Investors Goldman Sachs and Pamplona completed secondary offering on May 8, 2023, reducing combined ownership below 25% voting power.
- Board now divided into three classes with staggered three-year terms effective May 9, 2023.
- Class I (term expires 2023): Jeff Bernstein, Nancy Cocozza, David King.
- Class II (term expires 2024): Thomas McCarthy, Jaewon Ryu, Bill Sullivan.
- Class III (term expires 2025): Patricia Maryland, Shawn Morris, Will Sherrill.