8-K filed November 9, 2023, 6:59 PM ET CIK 0001816233

leadership confidence high sentiment positive materiality 0.85

Sharecare appoints former Centene president Brent Layton as CEO; Q3 net loss narrows, record adjusted EBITDA

Sharecare, Inc.

Net loss attributable to Sharecare was $24.5M, down from $27.4M YoY; adjusted EBITDA record $9.6M.
Q3 revenue $113.3M (above high end of guidance); full-year 2023 revenue guidance $452.5M-$460M.
Brent Layton (former Centene president/COO) becomes CEO effective Jan 2, 2024; founder Jeff Arnold to Executive Chair.
Layton gets 10M RSUs and 3M PSUs; Arnold receives $5M RSU grant; COO Jaffry Mohammed leaving.
Layton base salary $500k with 100% bonus target; 2023 adjusted EBITDA guidance $21M-$26M.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brent Layton

Chief Executive Officer

Sharecare, Inc.

Effective: 2024-01-02
Filed: November 9, 2023, 6:59 PM ET

On November 9, 2023, the Company announced that Brent Layton, a current member of the Company’s board of directors (the “Board”), will be appointed chief executive officer (“CEO”), effective January 2, 2024.

Departed

Jaffry Mohammed

Chief Operating Officer

Sharecare, Inc.

Filed: November 9, 2023, 6:59 PM ET

In addition, on November 8, 2023, the Company and Jaffry Mohammed, Chief Operating Officer, agreed that Mr. Mohammed would be leaving the Company to pursue other opportunities.

Role change

Jeff Arnold

Executive Chairperson

Sharecare, Inc.

Effective: 2024-01-02
Successor: Brent Layton
Filed: November 9, 2023, 6:59 PM ET

At that time, Jeff Arnold, the Company’s current CEO, will transition to the role of executive chairperson of the Board (“Executive Chair”), remaining active in the business day-to-day and working closely with Mr. Layton.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sharecare, Inc. reported quarter ended September 30, 2023 results: revenue $113.3 million, net income Net loss attributable to Sharecare of $24.5 million, EPS $0.07.

Period: quarter ended September 30, 2023
Revenue: $113.3 million
Net income: Net loss attributable to Sharecare of $24.5 million
EPS: $0.07
Result: reported results

Exact text from the filing

net loss was $1.4 million in the current quarter. • Adjusted EBITDA of $9.6 million compared to $5.2 million, an increase to adjusted EBITDA of $4.4 million. • Revenue of $113.3 million compared to $114.6 million, a decrease of $1.3 million, or 1%. Strong performance across Sharecare’s channels, including record revenue in Provider, was offset slightly by lower

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Layton was appointed as Chief Executive Officer at Sharecare, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 9, 2023, the Company announced that Brent Layton, a current member of the Company’s board of directors (the “Board”), will be appointed chief executive officer (“CEO”), effective January 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jaffry Mohammed departed as Chief Operating Officer at Sharecare, Inc..

Action: leaving the Company
Role: Chief Operating Officer

Exact text from the filing

In addition, on November 8, 2023, the Company and Jaffry Mohammed, Chief Operating Officer, agreed that Mr. Mohammed would be leaving the Company to pursue other opportunities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Arnold changed role as Executive Chairperson at Sharecare, Inc..

Action: transitioned to Executive Chair
Role: Executive Chairperson

Exact text from the filing

At that time, Jeff Arnold, the Company’s current CEO, will transition to the role of executive chairperson of the Board (“Executive Chair”), remaining active in the business day-to-day and working closely with Mr. Layton.

View on SEC.gov

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Source: SEC EDGAR

accession 0001816233-23-000181

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