Electromed reaches cooperation agreement with Summers Value Partners; nominates two new directors

Electromed, Inc.

Summers Value Partners (beneficial owner of ~5.9% of ELMD) withdraws proxy contest; enters standstill and voting pact.
Electromed will nominate Kathleen Tune and Joseph Galatowitsch for election at Fiscal 2022 Annual Meeting in November 2021.
Directors Steve Craney and George Winn to retire at Annual Meeting; Board remains at 7 directors.
New Finance and Strategy Committee formed after Annual Meeting, chaired by Tune, to review strategy, M&A, and capital allocation.
Board will elect a new independent Chair immediately following the Annual Meeting.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Steve Craney

Director

ELMD · Electromed, Inc.

Filed: September 27, 2021, 7:59 PM ET

each of Mr. Craney and Dr. Winn has indicated his intention to retire from the Board effective as of the 2022 Annual Meeting and, as a result, will not to stand for reelection.

Departed

George Winn

Director

ELMD · Electromed, Inc.

Filed: September 27, 2021, 7:59 PM ET

each of Mr. Craney and Dr. Winn has indicated his intention to retire from the Board effective as of the 2022 Annual Meeting and, as a result, will not to stand for reelection.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Craney departed as Director at Electromed, Inc..

Action: retire
Role: Director

Exact text from the filing

each of Mr. Craney and Dr. Winn has indicated his intention to retire from the Board effective as of the 2022 Annual Meeting and, as a result, will not to stand for reelection.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George Winn departed as Director at Electromed, Inc..

Action: retire
Role: Director

Exact text from the filing

each of Mr. Craney and Dr. Winn has indicated his intention to retire from the Board effective as of the 2022 Annual Meeting and, as a result, will not to stand for reelection.

View on SEC.gov

Electromed, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-21-000771

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.