SANUWAVE fires CFO Toni Rinow without cause, hires Peter Sorensen as replacement

SANUWAVE Health, Inc.

CFO Toni Rinow terminated without cause; receives $335,000 severance equal to one year's base salary.
Peter Sorensen, age 31, appointed CFO effective April 1, 2024; base salary of $225,000.
Sorensen previously VP of Finance & HR at Endogenex; also holds options for 105,000 shares.
Sorensen eligible for annual cash bonus up to 40% of base salary and three-month severance on termination.
New CFO has no family ties to executives or directors; no material interest in related transactions.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Peter Sorensen

Chief Financial Officer

SNWV · SANUWAVE Health, Inc.

Effective: 2024-04-01
Filed: April 1, 2024, 7:59 PM ET

On April 1, 2024, the Company announced its appointment of Peter Sorensen as its new Chief Financial Officer and designated him the principal financial officer of the Company, effective on the same date.

Departed

Toni Rinow

Chief Financial Officer

SNWV · SANUWAVE Health, Inc.

Effective: 2024-03-28
Successor: Peter Sorensen
Filed: April 1, 2024, 7:59 PM ET

On March 28, 2024, Sanuwave Health, Inc. (the “Company”) terminated without cause its chief financial officer, Toni Rinow, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter Sorensen was appointed as Chief Financial Officer at SANUWAVE Health, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On April 1, 2024, the Company announced its appointment of Peter Sorensen as its new Chief Financial Officer and designated him the principal financial officer of the Company, effective on the same date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Toni Rinow departed as Chief Financial Officer at SANUWAVE Health, Inc..

Action: terminated without cause
Role: Chief Financial Officer

Exact text from the filing

On March 28, 2024, Sanuwave Health, Inc. (the “Company”) terminated without cause its chief financial officer, Toni Rinow, effective immediately.

View on SEC.gov

SANUWAVE Health, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-017006

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