secwatch.observer — SEC 8-K summary
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Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000897101-22-000698
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000089710122000698/0000897101-22-000698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000089710122000698/elmd220902_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-22-000698

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