eHealth, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by eHealth, Inc. on August 17, 2010. The report details a material definitive agreement entered into by eHealthInsurance Services, Inc., a wholly-owned subsidiary of the Company.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The only specific financial metric disclosed relates to the amended lease agreement:
- Monthly Base Rent: $27,497 per month for the period from September 1, 2010, through August 31, 2011.
- Lease Term Extension: The lease for the corporate headquarters in Mountain View, California, is extended to expire on August 31, 2011.
- Property Size: Approximately 17,740 square feet.
Material Changes
The primary material change is the execution of a Second Amendment to the Lease Agreement, effective August 5, 2010. This amendment extends the lease term for the Company's corporate headquarters. No other material changes to financial position or operations are disclosed in this filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the obligation created by the lease extension. The document notes that the description of the lease terms is qualified by reference to the full text of the agreement attached as Exhibit 10.14.2.
Key Facts for Investor Verification
- Verify the total remaining obligation under the extended lease term (September 2010 to August 2011).
- Confirm if there are any additional costs, such as operating expenses or CAM charges, associated with the Mountain View Premises not detailed in the summary.
- Review the full text of Exhibit 10.14.2 for termination clauses or other conditions within the Second Amendment to the Lease Agreement.