secwatch.observer — SEC 8-K summary
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Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0000897101-23-000235
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000235/0000897101-23-000235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000235/elmd230654_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-23-000235

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer