Company: AMWL
Filing Date: 2025-03-03
Form Type: 8-K
Source: 0000950170-25-030996
Chunk: 0

Company: American Well Corp
Filing Date: 2025-03-03
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Separation Agreement with Vaughn Paunovich

On February 25, 2025, the Company entered into a separation agreement (“ Paunovich Agreement”) with Vaughn Paunovich (EVP, Enterprise Platforms). The Paunovich Agreement provides that Mr. Paunovich’s employment with the Company will end on March 2, 2025. In addition, Mr. Paunovich will receive the benefits outlined in Section 8(c) of his Employment Agreement with the Company, dated May 19, 2022, with the following modifications: (i) he will receive one-time bonus payment of 70% of his base salary for a period of twelve (12) months, such amount representing his annual bonus for the 2024 calendar year; (ii) he will receive reimbursement of up to $3,500 in relocation costs; and (iii) he will receive reimbursement of all fees incurred through March 15, 2025 related to rental housing in Boston close to the Company’s headquarters.

The foregoing summary descriptions of the Paunovich Agreement are not complete and are subject to, and qualified in its entirety by reference to, the full text of the Paunovich Agreement, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.