{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-024517","form_type":"8-K","ticker":"NUWE","cik":"0001506492","company_name":"Nuwellis, Inc.","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.161816+00:00","generated_at":"2026-05-18T09:38:08.889011+00:00","sec_items":["3.03","5.03","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Nuwellis appoints John L. Erb as CEO and President, approves 1-for-42 reverse stock split","bullets":["John L. Erb appointed President and CEO effective June 27, 2025, with annual base salary of $431,097 and stock option grant of 115,329 shares vesting monthly.","Board approved a 1-for-42 reverse stock split; effective 5:00 p.m. ET on July 3, 2025, with trading on split-adjusted basis from July 7, 2025.","Reverse split proportionally adjusts outstanding stock options, warrants, and preferred shares; new CUSIP 67113Y702.","Mr. Erb continues as Chairman of the Board; employment agreement includes annual bonus target of 65% of base salary.","Reverse split reduces outstanding common shares by a factor of 42, with fractional shares paid in cash based on Nasdaq closing price."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-024517","json":"https://secwatch.observer/filing/0001140361-25-024517.json","markdown":"https://secwatch.observer/filing/0001140361-25-024517.md","text":"https://secwatch.observer/filing/0001140361-25-024517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506492/000114036125024517/0001140361-25-024517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506492/000114036125024517/ef20051405_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-18T09:38:08.889011+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a4c2ad92b9a5326ea8daea5aaff85633cbb5751a","claim":"Nuwellis, Inc.: Amended certificate of incorporation to effect a 1-for-42 reverse stock split (effective 2025-07-02).","evidence_excerpt":"On July 2, 2025, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036125024517/0001140361-25-024517-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-07-02"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}