---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-078098"
form_type: "8-K"
ticker: "TCMD"
cik: "0001027838"
company_name: "TACTILE SYSTEMS TECHNOLOGY INC"
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:16:37.271740+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Tactile Systems settles shareholder derivative lawsuit, agrees to governance reforms and $0.5M fee payment

## Summary
- Enters Stipulation of Settlement in derivative lawsuit Weaver v. Moen, dated June 6, 2024.
- Agrees to adopt and maintain corporate governance reforms; no admission of liability.
- Will pay approximately $0.5 million in attorneys' fees and expenses; service awards up to $7,500 each.
- Settlement hearing set for August 28, 2024 before Judge Gregory B. Williams in Delaware District Court.

## SEC filing metadata
- accession: 0001104659-24-078098
- form_type: 8-K
- ticker: TCMD
- cik: 0001027838
- company_name: TACTILE SYSTEMS TECHNOLOGY INC
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1027838/000110465924078098/0001104659-24-078098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1027838/000110465924078098/tm2418929d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-078098
- JSON: https://secwatch.observer/filing/0001104659-24-078098.json
- Plain text: https://secwatch.observer/filing/0001104659-24-078098.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.