MultiPlan CEO Mark Tabak resigns; Dale White appointed CEO effective Feb 1, 2022

Claritev Corp

Mark Tabak resigns as CEO but continues as Chairman of the Board (no disagreement).
Dale White succeeds as CEO (effective 2/1/22) and appointed to Board as Class III Director; Board expands to 12 directors.
White receives new employment agreement: $750K base salary, 125% target bonus, minimum $6M annual equity grant.
One-time stock option grant of $3M with staggered exercise prices of $7.50, $10.00, and $12.50, vesting over 4 years.
White previously served as President and COO; agreement includes non-compete and non-solicitation covenants (18 months post-employment).

item 5.02 item 7.01 item 9.01

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Appointed

Dale White

Chief Executive Officer

CTEV · Claritev Corp

Effective: 2022-01-31
Filed: January 31, 2022, 6:59 PM ET

the Board, on the recommendation of the Nominating Committee, appointed Mr. White as Chief Executive Officer to succeed Mr. Tabak

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Dale White was appointed as Chief Executive Officer at Claritev Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board, on the recommendation of the Nominating Committee, appointed Mr. White as Chief Executive Officer to succeed Mr. Tabak

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Claritev Corp filing history →

Source: SEC EDGAR

accession 0001793229-22-000006

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