A Nashville-based software company that builds online tools for the healthcare workforce, helping hospitals and clinics handle staff training, credentialing, and scheduling through its hStream platform and products like CredentialStream. Founded in 1990 as a dot-com-era startup focused on online healthcare education, it grew into one of the larger healthcare workforce software makers. Fun fact: it launched as an early internet venture and its name reflects its focus on the "flow" of information across healthcare.
HealthStream shareholders elect three Class II directors and approve say-on-pay at 2026 annual meeting
At the May 28, 2026 annual meeting, shareholders elected Alex Jahangir, Jeffrey L. McLaren, and Linda Rebrovick as Class II directors for three-year terms.
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Jahangir received 22,452,989 votes for and 2,421,416 withheld; McLaren received 14,484,114 for and 10,390,291 withheld; Rebrovick received 23,316,490 for and 1,557,915 withheld.
Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2026, with 27,171,627 votes for, 355,926 against, and 1,097 abstentions.
A non-binding advisory say-on-pay resolution was approved with 23,852,346 votes for, 1,019,058 against, and 3,001 abstentions.
The report was filed under Item 5.07 to disclose the final voting results of the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
HealthStream promotes Michael M. Collier to COO and EVP, grants stock options to him and CEO Robert A. Frist Jr.
Michael M. Collier was promoted to Chief Operating Officer and Executive Vice President, effective May 4, 2026, from his prior role as EVP, Corporate Strategy, Development & Operations.
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Collier will lead enterprise operations including customer experience, corporate development and M&A, implementations, legal, HR, partnerships, and business enablement, and will serve as executive sponsor for AI transformation.
Collier received a stock option grant for 18,781 shares at an exercise price of $23.96 per share, vesting over five years (15%, 20%, 20%, 20%, 25% annually).
CEO Robert A. Frist, Jr. received a similar stock option grant for 18,781 shares at $23.96 per share with the same vesting schedule.
Collier's promotion includes an increased base salary, eligibility for the annual cash bonus plan at the EVP level, and eligibility for annual time-based RSU awards.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
HealthStream amends credit agreement and approves $10M share repurchase program
HealthStream entered into a First Amendment to its Revolving Credit Agreement with Truist Bank on March 13, 2026, revising restricted payment provisions.
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The amendment permits restricted payments (dividends and share repurchases) if the pro forma leverage ratio does not exceed 1.50:1.00, with no default or event of default.
It also allows additional restricted payments up to $50 million, subject to no default or event of default.
The Board approved a new share repurchase program authorizing up to $10 million of common stock repurchases, expiring September 12, 2026 or when funds are exhausted.
Repurchases may be made in open market, under Rule 10b5-1 plans, or privately negotiated transactions, subject to market conditions and legal requirements.
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
HealthStream acquires MissionCare Collective for up to $40 million, adding myCNAjobs.com caregiver network
HealthStream, Inc. announced on December 15, 2025, the acquisition of MissionCare Collective LLC, a healthcare workforce company.
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The purchase price is up to $40 million: $26 million cash at closing, ~$4 million in HealthStream common stock, and up to $10 million in cash earnouts over three years.
MissionCare's flagship product, myCNAjobs.com, is described as the nation's largest caregiver network with over 5.2 million members and has served over 8,000 healthcare providers.
This acquisition adds HealthStream's third 'Career Network,' following networks for nurses and students, and will integrate with its hStream platform.
The transaction was reported under Item 8.01 (Other Events) with the press release filed as Exhibit 99.1.
8.01 Other Events · 9.01 Financial Statements and Exhibits