---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-044513"
form_type: "8-K"
ticker: "NUWE"
cik: "0001506492"
company_name: "Nuwellis, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:49:24.016391+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nuwellis shareholders approve reverse stock split at ratio 1:50-1:100 to maintain Nasdaq listing

## Summary
- Proposal 1 (reverse split) passed with 17.6M votes For vs 2.1M Against (89.5% of votes cast).
- Board authorized to determine exact ratio between 1-for-50 and 1-for-100.
- Proposal 2 (incentive plan amendment) passed with 10.4M For, 2.1M Against, 7.2M broker non-votes.
- Proposal 3 (adjournment authority) passed with 17.8M For vs 1.8M Against.
- Special meeting turnout 19.7M shares (62% of outstanding).

## SEC filing metadata
- accession: 0001140361-22-044513
- form_type: 8-K
- ticker: NUWE
- cik: 0001506492
- company_name: Nuwellis, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506492/000114036122044513/0001140361-22-044513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506492/000114036122044513/brhc10045125_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-044513
- JSON: https://secwatch.observer/filing/0001140361-22-044513.json
- Plain text: https://secwatch.observer/filing/0001140361-22-044513.txt

## Key facts
- Shareholder Votes
  Nuwellis, Inc. shareholders approved To authorize one or more adjournments to solicit additional proxies at the 2022-12-05 meeting.
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: Proposal 3- To authorize one or more adjournments of the Special Meeting to solicit additional proxies in the event there are insufficient votes to approve Proposal 1 and 2: VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 17,825,554 1,833,621 17,423 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506492/000114036122044513/0001140361-22-044513-index.htm
- Shareholder Votes
  Nuwellis, Inc. shareholders approved To approve an amendment to the 2017 Equity Incentive Plan regarding the Incentive Stock Option Limit at the 2022-12-05 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: Proposal 2- To approve an amendment to the Company’s 2017 Equity Incentive Plan to provide that the Incentive Stock Option Limit set forth in Section 3(c) of the Company’s 2017 Equity Incentive Plan shall not be subject to adjustment pursuant to the applicable provisions of Section 9(a)(i) of the Company’s 2017 Equity Incentive Plan in connection with the reverse stock split effected by the Company on October 16, 2020 or the first reverse stock split effected by the Company following December 5, 2022: VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 10,357,447 2,132,484 20,549 7,166,118
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506492/000114036122044513/0001140361-22-044513-index.htm
- Shareholder Votes
  Nuwellis, Inc. shareholders approved To approve an amendment to effect a reverse stock split at a ratio in the range of 1-for-50 to 1-for-100 at the 2022-12-05 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2022-12-05
  source text: Proposal 1- To approve an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the Company’s outstanding common stock at a ratio in the range of 1-for-50 to 1-for-100, to be determined at the discretion of the Company’s board of directors, whereby each outstanding 50 to 100 common shares would be combined, converted and changed into 1 share of the Company’s common stock, to enable the Company to comply with the Nasdaq Stock Market’s continued listing requirements: VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 17,599,486 2,064,550 12,562 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506492/000114036122044513/0001140361-22-044513-index.htm

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