secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001140361-24-017006
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124017006/0001140361-24-017006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124017006/ef20025667_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-017006

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