Electromed names Jim Cunniff as CEO effective July 1, 2023; Kathleen Skarvan to become Chair

Electromed, Inc.

James L. Cunniff appointed President & CEO, effective July 1, 2023; also joins Board.
Base salary of $500k; eligible for annual bonus (50% target), plus initial equity grants of 175k RSUs and 175k options.
Current CEO Kathleen Skarvan retires but remains as Chair of the Board; director Lee Jones not standing for re-election.
Board size increased from 8 to 9 to accommodate Cunniff; Jones to serve until November 2023 annual meeting.
Cunniff brings over 30 years MedTech experience; most recently CEO of Provista.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

James L. Cunniff

Chief Executive Officer and President

ELMD · Electromed, Inc.

Effective: 2023-07-01
Filed: June 5, 2023, 7:59 PM ET

On June 5, 2023, Electromed, Inc. (the "Company") announced the appointment of James L. Cunniff to serve as its next Chief Executive Officer and President, beginning July 1, 2023.

Appointed

James L. Cunniff

Director

ELMD · Electromed, Inc.

Effective: 2023-07-01
Filed: June 5, 2023, 7:59 PM ET

The Company's board of directors (the "Board") has also approved an increase in its size to nine members and appointed Mr. Cunniff to serve as an additional director effective as of the same date.

Departed

Lee A. Jones

Director

ELMD · Electromed, Inc.

Filed: June 5, 2023, 7:59 PM ET

current director Lee A. Jones will not stand for election and is expected to serve the rema

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

James L. Cunniff was appointed as Chief Executive Officer and President at Electromed, Inc..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On June 5, 2023, Electromed, Inc. (the "Company") announced the appointment of James L. Cunniff to serve as its next Chief Executive Officer and President, beginning July 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

James L. Cunniff was appointed as Director at Electromed, Inc..

Action: appointed
Role: Director

Exact text from the filing

The Company's board of directors (the "Board") has also approved an increase in its size to nine members and appointed Mr. Cunniff to serve as an additional director effective as of the same date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Lee A. Jones departed as Director at Electromed, Inc..

Action: will not stand for election
Role: Director

Exact text from the filing

current director Lee A. Jones will not stand for election and is expected to serve the rema

View on SEC.gov

Electromed, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-23-000235

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