UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report: December 6, 2017
Earliest event reported: December 5, 2017

Hooper Holmes, Inc.
(Exact name of registrant as specified in its charter)
New York
 
001-09972
 
22-1659359
(State or other jurisdiction
 
(Commission File Number)
 
(IRS Employer
of incorporation)
 
 
 
Identification No.)

560 N. Rogers Road, Olathe, KS
 
66062
(Address of principal executive offices)
 
(Zip Code)
 
 
 
Registrant’s telephone number, including area code: (913) 764-1045

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 7.01.     Regulation FD Disclosure.
The slide presentation included as an exhibit to this Form 8-K Current Report will be used at investor meetings beginning on December 5, 2017. The information in item 7.01 of this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed filed for purposes of section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01.      Financial Statements and Exhibits.
(d)     Exhibits.
    
The following exhibits are furnished as part of this report:

Exhibit No.
 
Description of Exhibit
99.1
 
Investor Presentation






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
HOOPER HOLMES, INC.
 
 
 
Dated: December 6, 2017
By:
/s/ Kevin Johnson
 
 
Kevin Johnson, CFO



hphwcorporateoverview201
(OTCQX: HPHW) LD Micro Conference Los Angeles, CA December, 2017

 
Safe Harbor 2 Special Note Regarding Forward-Looking Statements This presentation contains forward-looking statements, as such term is defined in the Private Securities Litigation Reform Act of 1995, concerning the Company’s plans, objectives, goals, strategies, future events or performances, which are not statements of historical fact and can be identified by words such as: “expect,” “continue,” “should,” “may,” “will,” “project,” “anticipate,” “believe,” “plan,” “goal,” and similar references to future periods. The forward-looking statements contained in this presentation reflect our current beliefs and expectations. Actual results or performance may differ materially from what is expressed in the forward looking statements. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, the forward- looking statements contained in this presentation are our ability to realize the expected synergies and other benefits from the merger with Provant Health Solutions; our ability to successfully implement our business strategy and integrate Provant Health Solutions’ business with ours; our ability to retain and grow our customer base; our ability to recognize operational efficiencies and reduce costs; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenants contained in our credit facilities; the rate of growth in the Health and Wellness market and such other factors as discussed in Part I, Item 1A, Risk Factors, and Part II, Item 7, Management’s Discussion and Analysis of Financial Conditions and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2016. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances, or to reflect the occurrence of unanticipated events, after the date of this presentation, except as required by law. This presentation contains information from third- party sources, including data from studies conducted by others and market data and industry forecasts obtained from industry publications. Although the Company believes that such information is reliable, the Company has not independently verified any of this information and the Company does not guarantee the accuracy or completeness of this information. Any references to documents not included in the presentation itself are qualified by the full text and content of those documents. During our prepared comments or responses to your questions, we may offer incremental metrics to provide greater insight into the dynamics of our business or our quarterly results, such as references to EBITDA and adjusted EBITDA, and other measures of financial performance. Please be advised that this additional detail may be one-time in nature and we may or may not provide an update in the future. These and other financial measures may also have been prepared on a non-GAAP basis.

 
Value to Customers 3 We improve the health, productivity, and performance of individuals while helping employers make healthcare affordable. › Full spectrum of expertise, combining high-touch interventions, high-value technology, and comprehensive clinical services. › Greater personalization, enhanced member experiences, increased engagement, and improved outcomes. › Faster innovation. › Advanced technology member platform. › Extensive nationwide health professional network. Strategic - Experienced - Flexible

 
A New Comprehensive, Pure-Play Wellness Leader 4 Value and Growth Drivers Biometric screenings, complex blood analysis Health coaching & condition management Well-being portal, personalized nutrition, sleep, finance, trackers, challenges Advanced data management, analysis, reporting › Innovation capabilities – Driving evidence-based, actionable screenings and digital interventions. › Scale – Large portfolio of clinical screenings and next-generation digital technologies. › Growth in adjacent sales opportunities – Tools and resources to take advantage of potential sales opportunities across customer categories. › Leverage client and channel relationships – Complementary sales channels and revenue sources. › Synergies – Optimize infrastructure and eliminate overlap. Q2 2017 combination of Hooper Holmes and Provant created a wellness leader across four high growth segments:

 
5 Our programs generate changes in behavior that impact 15 chronic conditions, which account for 80% of total healthcare costs. 8 Risks and Behaviors Poor Diet Physical Inactivity Smoking Lack of Health Screening Poor Stress Mgmt. Poor Standard of Care Insufficient Sleep Excessive Alcohol Consumption Diabetes Coronary Artery Disease Hypertension Back Pain Impact 15 Chronic Conditions Obesity Cancer Asthma Arthritis Lung Disease (COPD) Kidney Disease High Cholesterol Allergies Sinusitis Depression Congestive Heart Failure Identify Health Risks

 
#1 Largest Health & Wellness Examiner Network in the U.S. > 20,000 strong 99+% participation satisfaction Human Touch: 800,000 (screenings / flu) Technology: > 3 million individuals with access to portal Serving over 3,000 employers; 200 direct clients and 95+ channel partners Only End-to-End Health & Wellness Provider Exiting 2017 with run-rate revenues of ~ $65 – 70 million 6 Leader in Health & Wellness

 
Management Team 7 Henry Dubois Chief Executive Officer › Track record of accelerating value creation through improved business performance. › Extensive public company experience. Mark Clermont President › Experienced architect of high-performance corporate cultures. › Proven leadership success with expertise in global growth, operational integration, and business transformation. Kevin Johnson Chief Financial Officer › Experienced CFO & controller for several technology companies › Strong public company experience, CPA, E&Y alumnus Experienced and Strategic Management Strengths Strategic, operational and financial expertise

 
8 Employers Channel Partners $1.8b $7.4b Total Addressable Market Buyers 20% Mid-size private businesses 40% Large corp. Clinical Research 17% Public sector 13% Small business 10% Nonprofit › Bio/Pharma › Research Universities, e.g.: - University of Michigan - Add Health / UNC Carolina Population Center › Clinical Research Organizations, e.g. Westat Market Landscape

 
› Biometric screenings › Flu vaccinations › Client management › Member platform › Advanced data management › Health coaching › Implementation management › Data & reporting, plus other ancillary services › Call center / customer service Growth Strategy 9 On-site, face-to-face employee engagement Remote, ongoing employee engagement Deep expertise as a pure-play, comprehensive well-being service provider. › Strategic expertise › Highly flexible and configurable solutions › Fully integrated well-being capabilities Meaningful scale with a network of thousands of health professionals across the country, servicing tens of thousands of participants at more than 3,000 end-clients. Enabled by proprietary technology and tech-enabled high-touch services that expand customer value proposition and increase margins. › Well-being platform › Advanced data management › Integrated data analytics › Personalized interventions › Telephonic and digital therapeutics › Remote screening and flu vaccinations network › Aggregated best-in-class partners National Service Delivery Core Competencies Proprietary Technology

 
Customer Markets 10 Over 200 customers serving over 3,000 organizations with over 3,000,000 eligibles Includes channel partners, direct customers, and clinical research organizations. Overview: Provide white label support services Services: Screenings, flu shots, and data management Customers: Health plans and wellness providers Channel Partners Overview: Comprehensive well-being programs Services: Screenings, coaching, technology, and data Customers: Fortune 100, including three Fortune 50 Direct Customers Clinical Research Organizations Overview: Sample and data collection Customers: University of Michigan & NIH PATH Services: Screenings, sample, and data collection Industries served Manufacturing Transportation Healthcare Retail Distribution Energy Utilities Financial services Education

 
11 Service Mix Enables Ongoing Revenue Recognition › Screening and coaching revenue driven by the percentage of employees participating in the wellness program; portal is a recurring per employee, per month fee. › We work with clients to drive program participation. › Coaching typically follows screenings; both typically recur annually for new program year. › Seasonality impacted by timing of when programs start; most, but not all, screenings tied to corporate open enrollment periods % o f A n n u a l R e v e n u e Portal Coaching Biometric Screenings Typical Screening Months Dec Jan Many Health & Wellness Programs Launch in Q3 & Q4

 
12 Key New Direct Customers › Hospital chains (2) › National assisted living facility company › Big 4 accounting firm › National retail consumer product brand New Clinical Research Project › UNC longitudinal health study $ 11.9 $ 14.1 2017 New Annualized Sales

 
13 Implementation of Synergies › Synergy projects ahead of schedule. › Targeted: $ 7.0 million in annualized synergies. - $ 7.1 million already achieved. - Potential for additional savings based on initiatives in progress. $ 7.1 mm $ 7.0 mm 1.0$ 2.0$ 3.0$ 4.0$ 5.0$ 6.0$ 7.0$ Annual run rate Synergies Implemented Integration Synergies $ 7.1 Million Annualized Synergy Savings Already Achieved

 
14 › Strong Q3 revenues of $ 14.0 million › 44% revenue improvement compared to Q3 2016 › 24% gross profit improvement compared to Q3 2016 Revenue ($mm) Gross Profit ($mm) +24% +44% Q3 2017 Results

 
15 2018 Enhanced Sales Focus Introduce New Product Capabilities Integration Complete Outlook Road Map to Success Solid customer base and revenue growth Increase operating capabilities Leverage cost structure