Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 3, 2022, the Board of Directors of Sharecare, Inc. (the "Company")
approved the following leadership changes:
Chief Operating Officer
Pam Shipley, Chief Operating Officer, will resign from the Company, effective
January 7, 2022, to pursue other opportunities. The Company thanks Mrs. Shipley
for her service and contributions to the Company's development.
In connection with her resignation, Mrs. Shipley entered into a Separation
Agreement (the "Separation Agreement") with the Company, whereby, among other
things, Mrs. Shipley will agree to a general release of claims in favor of the
Company and its affiliates as well as customary confidentiality provisions. The
Separation Agreement also extends the exercise period for Mrs. Shipley's
existing equity awards for a period of 358 days following her resignation.
In connection with Mrs. Shipley's departure, Jaffry Mohammed, age 46, was
appointed Chief Operating Officer. Mr. Mohammed joined the Company in July 2021
as EVP and head of Enterprise and Provider. With over 20 years of experience,
Mr. Mohammed brings a comprehensive understanding of the U.S. healthcare
ecosystem and a strong track record of value creation at the intersection of
healthcare and technology. Prior to joining the Company, Mr. Mohammed was senior
vice president and head of healthcare at UST, a global provider of digital
transformation solutions and services. Prior to UST, Mr. Mohammed spent over a
decade as a software engineer at organizations such as Anthem, where he played
different leadership roles in operational system consolidation and
modernization, including staff vice president of software strategy. Mr. Mohammed
received bachelor's degrees in mechanical engineering and computer science from
Mumbai University and holds an MBA from the Yale School of Management.
Mr. Mohammed has a base salary of $500,000 and a cash bonus opportunity equal to
100% of base salary tied to specified performance thresholds. Mr. Mohammed is
also party to the Company's standard form of indemnification agreement, a form
of which was previously filed by the Company as Exhibit 10.2 to the Company's
Current Report on Form 8-K filed on July 8, 2021 (in such form, an
"Indemnification Agreement").
There are no arrangements or understandings between Mr. Mohammed and any other
persons pursuant to which he was appointed as the Chief Operating Officer of the
Company, and Mr. Mohammed has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Mohammed does not have a familial relationship with any member of the board
of directors or any executive officer of the Company.
Chief Administrative Officer and Principal Accounting Officer
Colin Daniel, age 51, EVP of Finance and Human Resources and the Company's
principal accounting officer, was appointed Chief Administrative Officer. In his
capacity as Chief Administrative Officer, Mr. Daniel will oversee the Company's
HR and Accounting operations. Mr. Daniel has served as the EVP of Finance and
Human Resources at the Company since its inception in 2012. In this role,
Mr. Daniel oversaw various accounting, financial and operational roles across
the Company. Prior to joining the Company, Mr. Daniel was the chief financial
officer of HowStuffWorks.com from March 2002, until its sale to Discovery
Communications in 2007. Mr. Daniel has over 25 years of experience in similar
roles with digital media companies. Additionally, Mr. Daniel also serves as the
Treasurer and Secretary of the Sharecare Foundation, a position he has held
since May 2017. Mr. Daniel holds a CPA license and received his bachelor's
degree in Finance from the University of Georgia.
In connection with Mr. Daniel's transition to Chief Administrative Officer,
Michael Blalock, age 43, was appointed Chief Accounting Officer of the Company
and was designated the Company's principal accounting officer. Mr. Blalock
joined the Company in January 2021 as SVP, Division CFO. Prior to joining the
Company, Mr. Blalock spent 19 years at Ernst & Young LLP, most recently as audit
partner. Mr. Blalock received his bachelor's degree in finance and master's
degree in accounting from Wake Forest University.
-2-
--------------------------------------------------------------------------------
There are no arrangements or understandings between Mr. Blalock and any other
persons pursuant to which he was appointed as the Chief Accounting Officer of
the Company, and Mr. Blalock has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Blalock does not have a familial relationship with any member of the board
of directors or any executive officer of the Company.
-3-
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
SHARECARE, INC. 
