HealthEquity added a director to its audit, risk, cybersecurity, and technology committees. The filing also reports payments to Moody’s businesses, but no change to HealthEquity’s business.
The new board seat adds a finance executive to HealthEquity’s audit, risk, cybersecurity, and technology oversight. The filing also discloses payments to Moody’s businesses, but reports no change to HealthEquity’s services, sales, or profit. The story does not change how we read the company’s outlook.
Moody’s subsidiaries received about $146,500 from HealthEquity for ratings and data services, with more than $120,000 expected next fiscal year. The filing reports no change to Moody’s business from the board appointment.
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