On January 11, 2024, Marpai, Inc., a leading national Third-Party Administrator (TPA) in the healthcare sector, announced significant changes to its executive team. John Powers was appointed as the new President and Chief Operating Officer, effective January 2, 2024. Powers, an experienced healthcare benefits executive, previously served as CEO of Homestead Strategic Holdings and held leadership roles at Healthcomp Holdings and Advanced Medical Pricing Solutions. Alongside his appointment, Powers will receive a gross annual salary of $150,000, with eligibility for bonuses and equity grants. He was also granted a restricted stock unit for 150,000 shares of Marpai's Class A common stock, with a vesting schedule over two years and additional equity awards contingent on the company achieving certain EBITDA targets. Concurrently, CEO Damien Lamendola...Show More

On January 11, 2024, Marpai, Inc., a leading national Third-Party Administrator (TPA) in the healthcare sector, announced significant changes to its executive team. John Powers was appointed as the new President and Chief Operating Officer, effective January 2, 2024. Powers, an experienced healthcare benefits executive, previously served as CEO of Homestead Strategic Holdings and held leadership roles at Healthcomp Holdings and Advanced Medical Pricing Solutions. Alongside his appointment, Powers will receive a gross annual salary of $150,000, with eligibility for bonuses and equity grants. He was also granted a restricted stock unit for 150,000 shares of Marpai's Class A common stock, with a vesting schedule over two years and additional equity awards contingent on the company achieving certain EBITDA targets. Concurrently, CEO Damien Lamendola and CFO Steve Johnson entered into new employment agreements with similar compensation structures, including RSUs and performance-based equity awards. The company also announced the resignation of former COO Gonen Antebi, who entered into a separation agreement and will continue to provide services under a consulting agreement until November 30, 2024. Marpai's press release highlighted Powers' track record and the company's focus on client savings and high growth.