AMWL American Well Corp

NEUTRAL Impact: 3/10 DEFA14A
Horizon weeks Filed Jun 9, 2026 Processed 3d 19h ago SEC 0000950103-26-008695
Proxy solicitation materials

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Executive Summary

American Well filed a DEFA14A supplement to its 2026 proxy statement, announcing that co-founder Dr. Roy Schoenberg will not stand for re-election as a Class III director at the annual meeting and that the board will not nominate a substitute. This follows his recent resignation from the board on May 6, 2026, and the earlier resignation of director Dr. Peter Slavin, continuing a pattern of board turnover at the $146M market cap telehealth company.

Actionable Insight

Monitor for further board departures or potential activist interest given the ongoing turnover. The annual meeting outcome is unlikely to be materially affected, but the lack of a replacement nominee may signal difficulty in attracting qualified directors.

Key Facts

  • Dr. Roy Schoenberg, co-founder and former Executive Vice Chairman, will not stand for re-election as a Class III director at the 2026 annual meeting.
  • The board will not nominate a substitute candidate for the vacant seat.
  • Votes cast on Schoenberg's re-election proposal will not be counted.
  • This follows Schoenberg's resignation from the board on May 6, 2026, and the earlier resignation of director Dr. Peter Slavin.
  • The supplement updates the definitive proxy statement filed April 23, 2026.

Financial Impact

No direct financial impact; board composition change at a $146M market cap company with no substitute nominee.

Risk Factors

  • Continued board departures could signal governance instability or internal disagreements.
  • No substitute nominee may reduce board diversity or expertise, potentially impacting strategic oversight.
  • Shareholder dissatisfaction could emerge if the board fails to fill vacancies promptly.

Market Snapshot

Exchange
NYSE
Sector
Services-Business Services, NEC
Analyst Consensus
40% bullish (15 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
DEFA14A Filing (Primary)0000950103-26-008695
Document: 0000950103-26-008695-index-headers.html0000950103-26-008695
Document: 0000950103-26-008695-index.html0000950103-26-008695
Document: 0000950103-26-008695.txt0000950103-26-008695
9 reports for AMWL
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Reports for AMWL — sortable, filterable
Type Now
Jun 9, 2026
3d ago
DEFA14A
NEUTRAL ★ 3/10
$8.33 awaiting T+1awaiting T+1$9.11 (+9.43%)
Jun 3, 2026
9d ago
Insider Cluster
NEUTRAL ★ 2/10
$8.65 $8.53▼ −1.39%▲ +1.21%$9.11 (+5.31%)
Jun 1, 2026
11d ago
144
NEUTRAL ★ 2/10
$8.35 $8.18▼ −2.04%▼ −1.31%$9.11 (+9.09%)
May 18, 2026
26d ago
Press Release
BULLISH ★ 6/10
$7.60 $7.71▲ +1.45%▲ +2.10%$9.11 (+19.85%)
May 12, 2026
4w ago
8-K
NEUTRAL ★ 3/10
$7.69 $7.53▼ −2.08%▼ −2.66%$9.11 (+18.45%)
May 5, 2026
5w ago
8-K
MIXED ★ 5/10
$6.99 $7.58▲ +8.44%▲ +8.77%$9.11 (+30.31%)
Apr 23, 2026
7w ago
DEFA14A
NEUTRAL ★ 3/10
$5.95 $5.80▼ −2.52%▼ −3.31%$9.11 (+53.08%)
Mar 2, 2026
14w ago
Insider Cluster
BEARISH ★ 5/10
$5.28 $5.14▲ +2.65%▲ +1.74%$9.11 (−72.51%)
Mar 2, 2026
14w ago
Insider Cluster
NEUTRAL ★ 3/10
$5.28 $5.14▼ −2.65%▼ −1.74%$9.11 (+72.51%)
Showing 9 of 9

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