---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-008461"
form_type: "8-K"
ticker: "PMDI"
cik: "0000806517"
company_name: "PSYCHEMEDICS CORP"
filed_at: "2021-12-10T23:59:59+00:00"
generated_at: "2026-06-28T02:14:57.497353+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Psychemedics settles California wage lawsuit for $1.15M, resumes dividend of $0.05/share

## Summary
- Binding MOU to settle class action over CA wage/hour laws for ~$1.15M; company denies liability.
- One-time non-cash charge of $1.15M expected in Q4 2021; cash payment anticipated in H2 2022.
- Declares cash dividend of $0.05 per share, payable Dec 30, 2021 to holders of record Dec 20, 2021.
- Continues strategic alternatives review; retained JMP Securities, Mintz Levin, and MTS Health Partners.
- No timetable set for strategic review; no assurance of transaction or outcome.

## SEC filing metadata
- accession: 0001171843-21-008461
- form_type: 8-K
- ticker: PMDI
- cik: 0000806517
- company_name: PSYCHEMEDICS CORP
- filed_at: 2021-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/806517/000117184321008461/0001171843-21-008461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/806517/000117184321008461/f8k_121021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-008461
- JSON: https://secwatch.observer/filing/0001171843-21-008461.json
- Plain text: https://secwatch.observer/filing/0001171843-21-008461.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.