secwatch.observer — SEC 8-K summary
======================================

Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0000897101-23-000248
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electromed CCO Christopher Holland to depart June 23; receives $117,937 severance plus accelerated vesting
--------------------------------------------------------------------------------

- Christopher G. Holland's employment ends June 23, 2023 under mutual separation agreement.
- Lump-sum severance includes $89,175 target bonus and $28,762 for COBRA premiums.
- Accelerated vesting of unvested equity eligible to vest by July 1, 2023; remainder forfeited.
- Holland remains bound by non-competition, IP, and confidentiality agreements.
- Agreement includes cooperation with transition and release of all claims against Electromed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000248/0000897101-23-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000248/elmd230682_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-23-000248

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