secwatch.observer — SEC 8-K summary
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Issuer:     Sharecare, Inc. (—)
CIK:        0001816233
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001816233-23-000181
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816233/000181623323000181/0001816233-23-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816233/000181623323000181/shcr-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001816233-23-000181

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