Electromed adds Andrew Summers to board, enters cooperation with Summers Value Partners

Electromed, Inc.

Elects Andrew Summers as independent director, effective July 25, 2022; board expands from seven to eight members.
Enters cooperation agreement with Summers Value Partners, which owns ~6.1% of ELMD outstanding common stock.
Agreement includes standstill restrictions and voting commitments; Summers to be nominated for election at FY 2023 annual meeting.
Summers appointed Vice Chair of Finance and Strategy Committee and member of Nominating and Governance Committee.
Summers founded Summers Value Partners in 2018; has 22 years of healthcare investing experience.

item 1.01 item 5.02 item 7.01 item 9.01

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Appointed

Andrew J. Summers

Director

ELMD · Electromed, Inc.

Effective: 2022-07-25
Filed: July 25, 2022, 7:59 PM ET

The information regarding the election of Andrew J. Summers to serve as a member of the Board set forth in Item 1.01 above is incorporated herein by reference.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew J. Summers was elected as Director at Electromed, Inc..

Action: elected
Role: Director

Exact text from the filing

The information regarding the election of Andrew J. Summers to serve as a member of the Board set forth in Item 1.01 above is incorporated herein by reference.

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Electromed, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-22-000698

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