UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | July 10, 2007 |
HealthStream, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Tennessee | 000-27701 | 621443555 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 209 10th Ave. South, Suite 450, Nashville, Tennessee | 37203 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 615-301-3100 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 11, 2007, HealthStream, Inc. issued a press release announcing that Susan A. Brownie tendered her resignation as Chief Financial Officer, the text of which is set forth in Exhibit 99.1. Mrs. Brownie will remain with the Company through the completion of the Company’s filing on Form 10-Q for the quarter ended June 30, 2007.
Arthur E. Newman, HealthStream’s executive vice president, will also serve as the interim CFO until the Company completes its search to fill the CFO position permanently. Mr. Newman served as HealthStream’s CFO from January 2000 to March 2006 prior to his promotion to executive vice president.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release dated July 11, 2007, announcing management change.
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.
| HealthStream, Inc. | ||||
| July 11, 2007 | By: |
Susan A. Brownie
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| Name: Susan A. Brownie | ||||
| Title: Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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99.1 Press release dated July 11, 2007, announcing management change |
EXHIBIT 99.1
PRESS RELEASE
For Immediate Release:
Contact:
Susan A. Brownie
Chief Financial Officer
(615) 301-3163
ir@healthstream.com
Media:
Mollie Elizabeth Condra
Communications,Research, & Investor Relations
(615) 301-3237
mollie.condra@healthstream.com
HealthStream Announces Management Change
Nashville, Tenn. (July 11, 2007)—HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, announced today that Susan A. Brownie tendered her resignation as chief financial officer (CFO). Mrs. Brownie will remain in her position through the filing of the Company’s Form 10-Q for the quarter ended June 30, 2007. Arthur E. Newman, HealthStream’s executive vice president, will also serve as the interim CFO until the Company completes its search to fill the CFO position permanently. Mr. Newman served as HealthStream’s CFO from January 2000 to March 2006 prior to his promotion to executive vice president.
Robert A. Frist, Jr., chief executive officer, HealthStream, commented, “Susan Brownie has been a valuable member of our senior management team over the last several years. We commend Susan for her financial leadership and wish her much success in her future endeavors. Art Newman brings a wealth of experience to his role as interim CFO as he assumes leadership of our financial and accounting operations. His tenure as the preceding CFO at HealthStream will enable a seamless transition.”
About HealthStream
HealthStream (NASDAQ: HSTM) is a leading provider of learning and research solutions for the
healthcare industry, transforming insight into action to deliver outcomes-based results for
healthcare organizations. Through its research products, healthcare executives gain valuable
insight about patients’ experiences, workforce challenges, physician relations, and community
perceptions of their services. Through HealthStream’s learning solutions—which are used by
approximately 1.4 million hospital-based healthcare professionals—healthcare organizations create
safer environments for patients, increase clinical competencies of its workforce, and facilitate
the rapid transfer of the latest knowledge and technologies. Based in Nashville, Tennessee,
HealthStream has three satellite offices. For more information about HealthStream’s learning and
research solutions, visit www.healthstream.com or call us at 800-933-9293.
This press release contains forward-looking statements that involve risks and uncertainties regarding HealthStream. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. This information has been, or in the future may be, included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are subject to certain risks and uncertainties, including risks referenced from time to time in the Company’s filings with the Securities and Exchange Commission. Consequently, such forward-looking information should not be regarded as a representation or warranty by the Company that such projections will be realized.
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