Surmodics discovers unauthorized access to IT systems on June 5; no material customer impact

SURMODICS INC

Threat Actor gained unauthorized access to certain IT systems on June 5, 2025; company took systems offline and notified law enforcement.
Critical IT systems restored; remaining systems and data being validated under recovery plan as of July 2, 2025.
No material interruption to customer orders or shipments; no evidence of data release or fraudulent use.
Company maintains cyber insurance expected to cover most expenses, subject to deductible and exclusions.
Risks include potential litigation, regulatory scrutiny, and diversion of management attention.

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