secwatch.observer — SEC 8-K summary
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Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001140361-23-040526
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuwellis promotes Robert B. Scott to CFO effective September 2, 2023
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- Mr. Scott, previously Senior Finance Director, will serve as CFO; base salary set at $280,000.
- Eligible for annual performance bonus up to 40% of base salary, pro-rated for 2023.
- Awarded stock option to purchase 1% of outstanding common shares, vesting 25% at 1 year then monthly over 36 months.
- Company expects to enter into a change-in-control agreement accelerating equity vesting upon a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036123040526/0001140361-23-040526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036123040526/brhc20057734_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-040526

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