On October 22, 2018, Gerard M. Hayden, Jr., Chief Financial Officer and Senior Vice President of the HealthStream, Inc., provided notice to the company that he will resign as an officer of the company following the filing of the company's Annual Report on Form 10-K for the fiscal year ending December 31, 2018, which resignation is expected to occur in March 2019. Mr. Hayden's resignation is not the result of any disagreement with management, the company or its operations, policies or practices. Following the effective time of Mr. Hayden's resignation, it is contemplated that Mr. Hayden will remain available to assist the company as a Senior Executive Advisor, the terms of which arrangement have not yet been determined.

The company announced on October 22, 2018, that Scott A. Roberts, the Company's Vice President, Accounting & Finance, will become interim Chief Financial Officer of the Company effective concurrently with the upcoming resignation of Mr. Hayden as set forth above. Mr. Roberts, joined the Company in January 2002, as Assistant Controller. During the last five years, he served as Controller prior to being appointed as the Company's Vice President, Accounting & Finance, in January 2015.