Axogen announces CCO departure, preliminary Q2 rev $34.4M (+2% YoY)

Axogen, Inc.

Eric Sandberg, Chief Commercial Officer, terminated without cause effective July 19, 2022; eligible for severance per employment agreement.
Preliminary unaudited Q2 2022 revenue ~$34.4M, up 2% YoY (8% ex-Avive divestiture).
Full-year 2022 revenue guidance reaffirmed at $135-142M; gross margin above 80%.
Sales organization will report directly to CEO Karen Zaderej; company plans to appoint a CMO in coming months.
Full Q2 results and conference call scheduled for August 3, 2022.

item 2.02 item 5.02 item 9.01

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Departed

Eric Sandberg

Chief Commercial Officer

AXGN · Axogen, Inc.

Effective: 2022-07-19
Filed: July 18, 2022, 7:59 PM ET

On July 12, 2022, Axogen Corporation, a Delaware corporation (“AC”) and wholly owned subsidiary of the Company, and Eric Sandberg, the Company’s Chief Commercial Officer, agreed that his employment would be terminated without Substantial Cause (as defined in the Employment Agreement (as defined below)), effective as of July 19, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Sandberg was terminated as Chief Commercial Officer at Axogen, Inc..

Action: terminated
Role: Chief Commercial Officer

Exact text from the filing

On July 12, 2022, Axogen Corporation, a Delaware corporation (“AC”) and wholly owned subsidiary of the Company, and Eric Sandberg, the Company’s Chief Commercial Officer, agreed that his employment would be terminated without Substantial Cause (as defined in the Employment Agreement (as defined below)), effective as of July 19, 2022.

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Axogen, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-026256

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