8-K Summary
Registrant: MultiPlan Corporation (the request identifies Claritev Corp.; the filing itself identifies MultiPlan Corporation). Report date: January 1, 2021; filed January 4, 2021. The filing reports a board appointment under Item 5.02.
Business Context and Reporting Period
This is a corporate governance filing and does not report quarterly or annual operating results. MultiPlan Corporation is a Delaware corporation with Class A common stock and warrants listed on the New York Stock Exchange under MPLN and MPLN.W, respectively.
Financial and Liquidity Information
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics.
Material Changes
- Effective January 1, 2021, the board elected C. Martin Harris as a Class I independent director.
- The appointment was made under the Investor Rights Agreement dated July 12, 2020.
- The board increased in size from ten to eleven members.
- The board had not yet determined whether Mr. Harris would serve on one or more board committees.
Compensation, Outlook, and Risks
Mr. Harris will receive compensation under the company’s non-employee director compensation policy and will enter into the company’s standard indemnification agreement. The filing states that he has no family relationship with any director or executive officer and no direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.
The filing provides no management guidance, operating outlook, material contingencies, unusual financial items, or new risk disclosures.
Important Facts to Verify
- Confirm the correct issuer name, because the request references Claritev Corp. while the filing identifies MultiPlan Corporation.
- Verify C. Martin Harris’s independence classification and any subsequent committee assignments.
- Review the Investor Rights Agreement and the company’s director compensation policy for the appointment terms.
- Consult the company’s periodic financial filings for financial performance and liquidity information, which are absent from this 8-K.