STOCK TITAN

HealthEquity terminates commercial chief Michael Fiore

The Chief Commercial Officer’s responsibilities will be redistributed among other members of management; severance is tied to release and covenant conditions.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

HealthEquity, Inc. (HQY) terminated Michael Fiore, its Chief Commercial Officer, without cause, effective October 5, 2026. The company says the role’s responsibilities will be redistributed to other members of management.

Fiore will receive the previously negotiated severance payments and benefits detailed in HealthEquity’s May 13, 2026 proxy statement. His outstanding equity awards will be treated in accordance with the 2014 and 2024 Stock Incentive Plans and his applicable award agreements.

Filing Explained

The filing says Michael Fiore’s previously negotiated severance payments and benefits are conditional on his executing, delivering and not revoking a release of claims, and continuing to comply with specified restrictive covenants.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Effective date October 5, 2026 Michael Fiore’s termination
Proxy statement date May 13, 2026 Severance terms are detailed in this proxy statement
Stock Incentive Plan year 2014 Plan terms apply to treatment of Fiore’s outstanding equity awards
Stock Incentive Plan year 2024 Plan terms apply to treatment of Fiore’s outstanding equity awards
severance payments and benefits financial
"previously negotiated severance payments and benefits"
release of claims regulatory
"non-revocation of the release of claims against the Company"
restrictive covenants regulatory
"continuing compliance with certain restrictive covenants"
Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.
equity awards financial
"his outstanding equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What happened to Michael Fiore at HQY?

HealthEquity terminated Michael Fiore, its Chief Commercial Officer, without cause, effective October 5, 2026. The company says his responsibilities will be redistributed to other members of management.

What conditions apply to Michael Fiore’s severance from HQY?

His receipt of the previously negotiated severance payments and benefits is conditioned on his execution, delivery, and non-revocation of a release of claims and continued compliance with certain restrictive covenants. The terms are detailed in HealthEquity’s proxy statement filed May 13, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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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)

 

October 5, 2026

 

 

 

HEALTHEQUITY, INC.

 

 

 

Delaware   001-36568   52-2383166
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)   (I.R.S. Employer
Identification Number)

 

15 West Scenic Pointe Drive

Suite 100

Draper, Utah 84020

(801) 727-1000

 

(Address, including Zip Code, and Telephone Number, including Area Code, of Registrant’s Principal Executive Offices)

 

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 (see General Instruction A.2):

 

¨    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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Common stock, par value $0.0001 per share   HQY   The NASDAQ Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

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

 

The employment of Michael Fiore, the Chief Commercial Officer at HealthEquity, Inc. (the “Company”), was terminated by the Company without cause, effective October 5, 2026. The responsibilities of the Chief Commercial Officer will be redistributed to other members of the Company’s management team.

 

In consideration of Mr. Fiore’s execution, delivery, and non-revocation of the release of claims against the Company and its subsidiaries and affiliates substantially in the form attached to his employment agreement, and his continuing compliance with certain restrictive covenants contained therein, Mr. Fiore will receive the previously negotiated severance payments and benefits set forth in his employment agreement, as detailed in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on May 13, 2026, and his outstanding equity awards will be treated in a manner consistent with the terms of the 2014 Stock Incentive Plan, the 2024 Stock Incentive Plan, and his applicable award agreements, each as previously filed.

 

- 2 -

 

 

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.

 

  HEALTHEQUITY, INC.
   
Date:  October 9, 2026 By: /s/ James Lucania
  Name: James Lucania
  Title: Executive Vice President and Chief Financial Officer

 

- 3 -

 

Filing Exhibits & Attachments

3 documents

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