secwatch.observer — SEC 8-K summary
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Issuer:     ELUTIA INC. (ELUT)
CIK:        0001708527
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001104659-22-072962
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aziyo appoints Dr. C. Randal Mills Interim CEO, Ronald Lloyd steps down; reaffirms FY22 guidance $47-50M
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- CEO Ronald Lloyd steps down effective June 21; co-founder C. Randal Mills appointed Interim President and CEO.
- Mills receives $600k base salary, 60% target bonus, option to purchase 456,278 shares, and 224,734 RSUs with time/performance vesting.
- Lloyd remains employee through Sep 30 for transition; eligible for 12-month cash severance plus up to $1M performance bonus.
- Mills' move from Audit Committee leaves it with two independent members; Nasdaq cure period of 180 days.
- Company reaffirms FY2022 net sales guidance of $47–$50 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922072962/0001104659-22-072962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922072962/tm2218923d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-072962

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