UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Oak Street Health, Inc. (“Oak Street Health”) announced today that Carl Daley, Senior Vice President of Retail Strategy and Operations of Humana, Inc., has retired from the Oak Street Health Board of Directors (the “Board”) effective immediately. Mr. Daley’s decision to retire is not the result of any disagreement with management or the Board related to our operations, policies or practices. Mr. Daley joined Oak Street Health’s Board in 2019 when Humana initially invested in Oak Street Health. Given the evolution of Oak Street Health since that time, including our Initial Public Offering in August 2020, Oak Street Health and Humana mutually agreed the two organizations could retain their strategic alignment without a Humana representative on the Board. Carl Daley’s retirement from the Board of Directors does not change the relationship between Oak Street Health and Humana.
A copy of the press release announcing Mr. Daley’s retirement is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
Dated: September 7, 2021
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Oak Street Health, Inc. |
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By: |
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/s/ Tim Cook |
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Tim Cook |
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Chief Financial Officer |
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Exhibit 99.1
Carl Daley to Conclude Service on Oak Street Health’s Board of Directors
Oak Street Health and Humana Remain Committed to Growing their Strategic Partnership
CHICAGO — September 7, 2021 — Oak Street Health (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, announced today that Carl Daley, Senior Vice President of Retail Strategy and Operations of Humana, will retire from Oak Street Health’s Board of Directors effective immediately.
“On behalf of Oak Street Health’s Board of Directors and senior leadership team, I want to thank Carl for his service and dedication to our Company,” said Mike Pykosz, Chief Executive Officer of Oak Street Health. “For several years, Carl has offered his expertise and collaboration in support of our mission to rebuild healthcare as it should be, and we are grateful for his efforts. We appreciate Humana’s long-standing relationship with Oak Street Health and look forward to continuing to grow our partnership.”
Carl Daley joined Oak Street Health’s Board of Directors in 2019 when Humana initially invested in the Company. Given the evolution of Oak Street Health since that time, including the Company’s Initial Public Offering in August 2020, Oak Street Health and Humana mutually agreed the two organizations could retain their strategic alignment without a Humana representative on the Company’s Board of Directors. Carl Daley’s retirement from the Board of Directors does not change the relationship between Oak Street Health and Humana.
“Humana is the leader in partnering with value-based primary care organizations, and we appreciate the outstanding care quality and patient experience Oak Street consistently provides for Humana members,” said Alan Wheatley, Retail Segment President of Humana. “While Carl will step down from the Oak Street Health Board of Directors, Humana remains confident in Oak Street Health’s leadership team and strategic direction, and we are committed to working closely together for the benefit of patients.”
To learn more about Oak Street Health’s value-based primary care model, click here.
Source: Oak Street Health
About Oak Street Health
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Oak Street Health currently operates more than 100 centers across 15 states. To learn more about Oak Street Health’s proven approach to care, visit oakstreethealth.com.
Media Contact:
Erica Frank, Vice President of Public Relations
Oak Street Health
Erica.Frank@oakstreethealth.com
Investor Contact:
Sarah Cluck, Head of Investor Relations
Oak Street Health
Sarah.Cluck@oakstreethealth.com
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Document and Entity Information |
Sep. 07, 2021 |
|---|---|
| Document Document And Entity Information [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001564406 |
| Document Type | 8-K |
| Document Period End Date | Sep. 07, 2021 |
| Entity Registrant Name | Oak Street Health, Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-39427 |
| Entity Tax Identification Number | 84-3446686 |
| Entity Address, Address Line One | 30 W. Monroe Street |
| Entity Address, Address Line Two | Suite 1200 |
| Entity Address, City or Town | Chicago |
| Entity Address, State or Province | IL |
| Entity Address, Postal Zip Code | 60603 |
| City Area Code | (312) |
| Local Phone Number | 733-9730 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.001 par value |
| Trading Symbol | OSH |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |