secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001628280-25-001632
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000162828025001632/0001628280-25-001632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000162828025001632/snwv-20250113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-001632

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