secwatch.observer — SEC 8-K summary
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Issuer:     Claritev Corp (CTEV)
CIK:        0001793229
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001793229-22-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793229/000179322922000006/0001793229-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793229/000179322922000006/mpln-20220131.htm
  HTML page:      https://secwatch.observer/filing/0001793229-22-000006

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