UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 30, 2020, the Board of Directors (the “Board”) of Envestnet, Inc. (“Envestnet”) appointed William Crager, Interim Chief Executive Officer and President of Envestnet and Chief Executive, Envestnet Wealth Solutions, to serve as Envestnet’s Chief Executive Officer and a member of the Board effective as of March 30, 2020. Mr. Crager has served as Interim Chief Executive Officer of Envestnet since October 2019 and as President of Envestnet since 2002. Additionally, on March 30, 2020, the Board appointed Stuart DePina, Chief Executive, Envestnet Data & Analytics, to serve as Envestnet’s President. Mr. DePina has served as Chief Executive, Envestnet Data & Analytics since February 2019. Prior to that, he was President of Envestnet | Tamarac since Envestnet acquired Tamarac in 2012, and was Chief Executive Officer of Tamarac from 2007 until Tamarac was acquired by Envestnet.
There were no arrangements or understandings between Mr. Crager or Mr. DePina and any other person pursuant to which Mr. Crager or Mr. DePina were selected as an officer. Neither Mr. Crager nor Mr. DePina has any family relationships subject to disclosure under Item 401(d) of Regulation S-K or any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In addition, in connection with these leadership changes, the Board appointed James Fox to serve as Chairman of Envestnet’s Board of Directors and Charles Roame to serve as Vice Chairman of Envestnet’s Board of Directors.
| Item 8.01 | Other Events. |
On March 30, 2020, Envestnet issued a press release announcing the leadership changes disclosed above under Item 5.02. A copy of such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99.1 |
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| 104.1 |
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ENVESTNET, INC. | ||
| By: |
/s/ Peter D’Arrigo | |
| Name: Peter D’Arrigo | ||
| Title: Chief Financial Officer | ||
Date: March 30, 2020