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NRC Health (NASDAQ: NRC) declassifies board and formalizes new name

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

NRC Health filed an 8-K describing several governance and corporate changes approved on April 15, 2026. The company formally changed its legal name from National Research Corporation to NRC Health via a certificate of amendment filed in Delaware, while keeping its NASDAQ ticker symbol “NRC.”

The Board adopted amended and restated bylaws that declassify the Board of Directors, so all seven directors will stand for election annually starting at the June 23, 2026 Annual Meeting, with incumbent directors submitting resignations effective immediately prior to that vote. The bylaws also cap the Board at 12 directors, formally recognize the Chair role, and update shareholder meeting and nomination procedures. Additionally, the Compensation and Talent Committee amended Shane Harrison’s September 29, 2025 equity award of 172,000 restricted shares to allow voting and dividends on unvested shares.

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Insights

NRC Health simplifies board elections and updates bylaws without altering shareholder rights.

NRC Health is moving from a classified board to annual elections for all seven directors starting with the June 23, 2026 Annual Meeting. Incumbent directors with longer terms have pre-submitted resignations effective just before that meeting, enabling a single-year slate under the new structure.

The amended and restated bylaws also introduce a 12-director cap, formalize the Chair of the Board role, and refine timelines and procedures for shareholder meetings and director nominations. These steps adjust governance mechanics but leave stated shareholder rights and the NASDAQ ticker "NRC" unchanged.

On compensation, the Committee modified CFO Shane Harrison’s September 29, 2025 grant of 172,000 restricted shares so that voting rights and dividends now extend to unvested shares. This affects how that award behaves economically without changing its disclosed share count.

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.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Name change effective date April 15, 2026 Effective date of certificate of amendment changing name to NRC Health
Restricted stock award 172,000 shares Equity award to Shane Harrison on September 29, 2025, amended for voting and dividends
Annual Meeting date June 23, 2026 Date of 2026 Annual Meeting when all seven directors stand for election
Maximum board size 12 directors New cap on Board size in amended and restated bylaws
restricted stock financial
"equity award made to Shane Harrison on September 29, 2025, which was comprised of 172,000 shares of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
amended and restated Bylaws regulatory
"the Company’s Board of Directors adopted and approved, effective April 15, 2026, amended and restated Bylaws of the Company"
A company’s amended and restated bylaws are its internal rulebook rewritten to include all changes in one updated document, replacing the old bylaws. For investors, this matters because the bylaws set how the board, shareholders and officers make decisions, hold votes and handle disputes; a new consolidated version can change voting rights, control mechanisms or procedures that affect corporate governance and the value or risk of an investment.
declassify the Board regulatory
"The A&R Bylaws declassify the Board. Previously, the Board was separated into three classes"
Declassify the board means changing a company's board of directors from a staggered setup—where only a portion of directors face election each year—to a structure where all directors are elected annually. For investors this matters because it makes the board more directly accountable and responsive, like replacing a multi-year rotating club leadership with yearly elections, and it can speed corporate change or make hostile takeovers easier to pursue.
Annual Meeting of Stockholders regulatory
"In order to facilitate the implementation of the declassification at the Company’s 2026 Annual Meeting of Stockholders"
Certificate of Amendment to Certificate of Incorporation regulatory
"Certificate of Amendment to Certificate of Incorporation of NRC Health, dated April 15, 2026"
false 0000070487 0000070487 2026-04-15 2026-04-15
--12-31
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):
April 15, 2026
_______________________________________________________________________________
 
NRC Health
(Exact name of registrant as specified in its charter)
 
Delaware
001-35929
47-0634000
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
1245 Q Street, Lincoln, Nebraska
68508
(Address of principal executive offices)
(Zip Code)
 
(402) 475-2525
(Registrant's telephone number, including area code)
 
National Research Corporation
(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))
   
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class Trading Symbol(s) Name of each exchange on which registered
$.001 Par Value Common Stock NRC The NASDAQ Stock Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
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
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
   
 
The information set forth under Item 5.03 below under the heading “Declassification of the Board of Directors” is incorporated herein by reference.
   
  On April 15, 2026, the Compensation and Talent Committee (the “Committee”) of the Board of Directors of NRC Health approved an amendment to the terms of the equity award made to Shane Harrison on September 29, 2025, which was comprised of 172,000 shares of restricted stock.  The Committee amended the award to permit the voting and receipt of dividends with respect to unvested shares underlying the award.
   
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
   
 
On April 15, 2026, National Research Corporation (the “Company”) changed its corporate name to NRC Health (the “Name Change”) pursuant to an amendment to the Company’s certificate of incorporation filed with the Delaware Secretary of State and effective on April 15, 2026 (the “Charter Amendment”). Pursuant to Delaware law, a stockholder vote was not necessary to effectuate the Name Change and it does not affect the rights of the Company’s stockholders. The Company has used the brand name NRC Health since 2016. There is no change to the Company’s “NRC” ticker symbol on the NASDAQ Stock Market. A copy of the Charter Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K.
 
Also on April 15, 2026, the Company’s Board of Directors (the “Board”) adopted and approved, effective April 15, 2026, amended and restated Bylaws of the Company (as amended and restated, the “A&R Bylaws”). The A&R Bylaws, among other things, reflect the Name Change. Additional changes made by the A&R Bylaws are described below.
 
Declassification of the Board of Directors
 
The A&R Bylaws declassify the Board. Previously, the Board was separated into three classes, with each class of directors serving a three-year term. Following the declassification, all directors will be subject to reelection on an annual basis at the Company’s annual shareholder meeting and will serve an approximately one-year term, or until their successors are duly elected and qualified.
 
In order to facilitate the implementation of the declassification at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”), which is to be held on June 23, 2026, on April 15, 2026 each of the directors who had a term that was to extend beyond the Annual Meeting (which includes Donald Berwick, Trent Green, Michael Hays, Stephen Lockhart, and John Nunnelly) submitted a resignation as director, to be effective immediately prior to the election of directors at the Annual Meeting, resigning from the balance of their term. Directors Parul Bhandari and Penny Wheeler have terms that are already scheduled to expire at the Annual Meeting. All seven incumbent directors have been nominated by the Board for reelection at the Annual Meeting, to serve until the Company’s 2027 annual meeting of stockholders or until their successors are duly elected and qualified. The foregoing resignations are intended solely to facilitate the declassification of the Board and permit a stockholder vote to re-elect all current Board members at the Annual Meeting, and are not a result of any director’s disagreement with the Company or an indication of any director’s desire to cease serving on the Board.
 
Other Changes
 
In addition to the declassification of the Board, the A&R Bylaws:
 
●       Update certain deadlines, dates, and procedures for establishing an annual or special stockholder meeting and for stockholders to provide notice of the nomination of directors (outside of “proxy access”) and the submission of proposals for consideration at stockholder meetings;
●        Provide that the Board shall be comprised of a maximum of 12 directors (previously there was no maximum);
●        Specifically provide for the position of Chair of the Board and related authority and responsibilities; and
●        Contain certain other conforming, ministerial, administrative, and minor miscellaneous changes.
 
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the A&R Bylaws of the Company, which are filed as Exhibit 3.2 to this Current Report on Form 8-K.
 
 

 
Item 9.01
Financial Statements and Exhibits.
   
 
(d)
Exhibits.
     
 
EXHIBIT
NUMBER
EXHIBIT DESCRIPTION
     
 
3.1
Certificate of Amendment to Certificate of Incorporation of NRC Health, dated April 15, 2026
 
 
3.2
Amended and Restated Bylaws of NRC Health as of April 15, 2026
     
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 

 
SIGNATURE
 
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.
 
 
NRC HEALTH
 
(Registrant)
 
     
Date: April 20, 2026
By:
/s/ Shane Harrison
   
Shane Harrison
   
Chief Financial Officer
 
 

FAQ

What corporate name change did NRC (NRC) disclose in this 8-K?

NRC Health changed its legal name from National Research Corporation to NRC Health effective April 15, 2026. The change was made through a certificate of amendment filed with the Delaware Secretary of State and does not alter stated stockholder rights or the “NRC” NASDAQ ticker.

How is NRC (NRC) changing its Board of Directors structure?

NRC Health’s amended and restated bylaws declassify the Board, moving from three classes with three-year terms to annual elections. Starting with the June 23, 2026 Annual Meeting, all directors will stand for one-year terms until the 2027 annual meeting or until successors are elected.

Why did NRC (NRC) directors submit resignations effective before the 2026 Annual Meeting?

Directors whose terms extended beyond the June 23, 2026 Annual Meeting submitted resignations effective immediately before that meeting. The filing states these resignations solely facilitate declassification and allow shareholders to re-elect all current Board members, not due to disagreements or a desire to leave the Board.

What changes did NRC (NRC) make to its bylaws besides declassifying the Board?

The amended and restated bylaws update deadlines and procedures for annual and special stockholder meetings and nomination notices, set a maximum of 12 directors, and explicitly provide for the Chair of the Board role. They also include various conforming and administrative changes tied to the new structure and name.

How was CFO Shane Harrison’s equity award modified at NRC (NRC)?

On April 15, 2026, the Compensation and Talent Committee amended Shane Harrison’s September 29, 2025 equity award of 172,000 restricted shares. The amendment now allows voting and dividend rights on unvested shares underlying that award, changing its economic features but not its share count.

Did NRC (NRC) change its stock ticker or exchange listing with this name change?

The filing states there is no change to NRC Health’s "NRC" ticker symbol on the NASDAQ Stock Market in connection with the legal name change. The company continues to trade under the same symbol and on the same exchange after the charter amendment took effect.

Filing Exhibits & Attachments

6 documents