secwatch.observer — SEC 8-K summary
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Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001140361-25-005675
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuwellis CEO Nestor Jaramillo Jr. retires; Chairman John Erb named interim CEO
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- Nestor Jaramillo Jr. retired as President, CEO, and director effective Feb 18, 2025; retirement was not due to any dispute.
- Jaramillo will receive 6 months base salary, a $47,723 bonus payment, COBRA premiums through Aug 2025, and accelerated stock options.
- Board appointed Chairman John L. Erb as Interim President and CEO; he will receive an annual salary of $300,000 and remain Chairman.
- Board reduced size from seven to six members; company will retain an executive search firm for a permanent CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036125005675/0001140361-25-005675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036125005675/ef20044163_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-005675

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