Veradigm Inc. 8-K

What Happened

• Veradigm Inc. (MDRX) filed an 8‑K on December 31, 2025 announcing a further extension of Leland Westerfield’s role as Interim Chief Financial Officer. Mr. Westerfield’s appointment has been extended through June 30, 2026 under a Fourth Extension Agreement dated December 31, 2025.
• The company also disclosed it has retained a nationally recognized executive search firm and initiated a search for a permanent Chief Financial Officer.

Key Details

• Interim CFO: Leland Westerfield; original appointment effective December 7, 2023.
• Extension history: initial six‑month term through June 7, 2024, with subsequent extensions (May 27, 2024; Dec 31, 2024; Apr 22, 2025) and the Fourth Extension Agreement dated Dec 31, 2025 extending employment through June 30, 2026.
• Termination provision: under the Fourth Extension Agreement, if Mr. Westerfield’s employment is terminated (other than for cause) — and he executes a mutually agreeable consulting agreement and does not revoke a release of claims — he is entitled to continue receiving base salary through June 30, 2026 and for an additional six‑month period ending Dec 31, 2026.
• Filing includes the Fourth Extension Agreement as Exhibit 10.1.

Why It Matters

• This filing provides investors with assurance of continuity in the company’s finance leadership while Veradigm conducts a formal search for a permanent CFO.
• The termination/consulting provisions could create a potential compensation obligation through Dec 31, 2026 if conditions are met, so investors should watch future disclosures for any payments, consulting arrangements, or the appointment of a permanent CFO.