secwatch.observer — SEC 8-K summary
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Issuer:     MIMEDX GROUP, INC. (MDXG)
CIK:        0001376339
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001193125-22-246472
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MiMedx appoints Todd Newton as Interim CEO; former CEO Wright receives $3.1M severance
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- K. Todd Newton named interim CEO effective Sept 14, 2022; monthly salary of $54,166.67.
- Newton receives 200,000 RSUs vesting on one-year anniversary or earlier upon certain events.
- Former CEO Timothy Wright receives $3,105,000 severance (24 months salary + 2x bonus).
- Wright will provide consulting services at $500/hour up to 8 hours per week post-termination.
- Newton to continue as Board member after interim CEO role; eligibility for 2023 equity incentive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376339/000119312522246472/0001193125-22-246472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376339/000119312522246472/d400313d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-246472

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer