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NEXTGEN HEALTHCARE, INC. : Change in Directors or Principal Officers (form 8-K)

05/22/2020 | 04:17pm

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

On May 19, 2020, the Board of Directors (the "Board") of NextGen Healthcare,
(the "Company") approved the appointment of the Company's Senior Vice
President and Corporate Controller, David Ahmadzai, as the Company's designated
Principal Accounting Officer, effectively immediately. Mr. Ahmadzai has also
been promoted to the position of Chief Accounting Officer of the Company. The
Principal Accounting Officer role was previously held by James R. Arnold, Jr.,
the Company's Executive Vice President and Chief Financial Officer, who
continues to retain his role as the Company's designated Principal Financial

Mr. Ahmadzai has served as the Company's Senior Vice President and Corporate
Controller since 2017. Previously, he held several accounting leadership
positions with the Company since joining in 2009. Prior to joining the Company,
he worked over nine years at Ernst & Young, LLP in the assurance services
practice, including as Senior Manager, Audit. Mr. Ahmadzai has over 27 years of
finance and accounting experience and is a Certified Public Accountant in the
state of California. He earned a Bachelor of Science degree from the University
of California, Riverside
. Mr. Ahmadzai's base salary is currently $239,000 and
he is eligible to receive an annual bonus of up to 30% of his base salary. Mr.
is also eligible to participate in the Company's equity incentive plan.

Mr. Ahmadzai is not considered an "executive officer" or a "named executive
officer" of the Company. However, with his designation as Principal Accounting
Officer, he is deemed to be an "officer" for purposes of Section 16(a) of the
Securities Exchange Act of 1934 and Rule 16a-1(f) promulgated thereunder.
Accordingly, the Company is making this disclosure under Item 5.02(c) of Form

In accordance with the Company's standard practices for Section 16 officers,
effective May 19, 2020, the Company has entered into an indemnification
agreement with Mr. Ahmadzai in a form substantially consistent with the
Company's standard form of Indemnification Agreement, filed as Exhibit 10.1 to
the Company's Current Report on Form 8-K filed on January 28, 2013, and
incorporated herein by reference.

The selection of Mr. Ahmadzai to serve as Chief Accounting Officer and Principal
Accounting Officer was not pursuant to an arrangement or understanding with
respect to any other person. There are no family relationships between Mr.
and any director or executive officer of the Company, and there are no
transactions between Mr. Ahmadzai and the Company that would be required to be
reported under Item 404(a) of Regulation S-K.


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