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STRM > SEC Filings for STRM > Form 8-K on 26-Feb-2014All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements

Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 20, 2014, Streamline Health Solutions, Inc. (the "Company") promoted Richard D. Nelli to Senior Vice President and Chief Operating Officer. Mr. Nelli, age 45, served as Senior Vice President and Chief Technology Officer since he joined the Company in January 2013. Before joining the Company, Mr. Nelli served as Chief Technology Officer for CareMedic Systems, Inc. ("CareMedic"), a healthcare information technology company, from September 2007 to November 2012. At CareMedic, he led the product management and information technology areas and managed its successful acquisition by UnitedHealth Group in 2010. From April 2001 to July 2007, he served as Vice President of Product Management at Quovadx (now Lawson Software), where he guided the company's Cloverleaf Integration strategies, which led to the successful acquisition by Battery Ventures in 2007. Mr. Nelli has launched over 50 healthcare product and service offerings over his career, many of which are the recognized leaders in the United States, Europe, Asia and the Middle East.

In connection with his promotion, the Company increased Mr. Nelli's base salary to $235,000 and granted him a stock option for the purchase of 50,000 shares of the Company's common stock at an exercise price of $6.65. The option award will vest in equal monthly installments over 36 months and will expire on February 19, 2024, which is ten years from the grant date.

On February 26, 2014, the Company issued a press release announcing Mr. Nelli's promotion. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

NUMBER                                  DESCRIPTION

99.1      Streamline Health Solutions, Inc. Press Release dated February 26, 2014

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