EVP of Sales Timothy Hendricks separates, receives $104K severance and option vesting

SANUWAVE Health, Inc.

Timothy Hendricks separated as EVP of Sales effective January 3, 2025.
Severance: $104,116.67 (5 months base salary) plus $29,357.22 Q4 bonus paid.
Stock options continued vesting through May 31, 2025; 8,455 options to vest.
Hendricks signed a Separation and Release Agreement with confidentiality and non-disparagement clauses.
Cooperation in transition and legal matters required during the 5-month severance period.

item 5.02 item 9.01

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Departed

Timothy Hendricks

Executive Vice President of Sales

SNWV · SANUWAVE Health, Inc.

Effective: 2025-01-03
Filed: January 15, 2025, 6:59 PM ET

on January 3, 2025, Timothy Hendricks separated from service as Executive Vice President of Sales of Sanuwave Health, Inc. (the “Company”), effective as of the same date.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Hendricks departed as Executive Vice President of Sales at SANUWAVE Health, Inc..

Action: separated
Role: Executive Vice President of Sales

Exact text from the filing

on January 3, 2025, Timothy Hendricks separated from service as Executive Vice President of Sales of Sanuwave Health, Inc. (the “Company”), effective as of the same date.

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SANUWAVE Health, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-001632

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