Highest-materiality recent filing
MiniMed director Brett Wall resigns; Scott Cundy appointed effective July 3, 2026
Brett Wall (class II director) resigns effective July 3, 2026; no disagreement with management or board.
MiniMed parent Medtronic discloses unauthorized third-party data access; MiniMed IT not compromised
Medtronic reported an unauthorized third party accessed data in certain IT systems on April 24, 2026.
MiniMed adopts new executive severance plans: 2x pay on non-CIC termination, 3x on CIC
Severance Plan for Executives provides lump sum equal to 2x base salary plus target annual bonus, plus 24 months COBRA on non-CIC termination.
MiniMed Flex insulin pump receives FDA clearance months early; $157M charge expected in Q4 FY2026
FDA cleared MiniMed Flex insulin pump several months earlier than expected, enabling earlier commercialization.
MiniMed Group completes IPO, raises ~$560M; Medtronic retains 90% ownership
IPO of 28M shares at $20/share; net proceeds ~$560M; $309M retained for corporate purposes, excess repays Medtronic intercompany debt.
On May 18, 2026, Scott Cundy was appointed to serve as a director of the Board, effective July 3, 2026, to fill the vacancy resulting from Mr. Wall’s departure.
On May 17, 2026, Brett Wall, a class II director of the Board of Directors (the “Board”) of MiniMed Group, Inc. (“MiniMed”) and member of the Board’s Nominating and Corporate Governance Committee, notified the Board that he will resign from the Board effective July 3, 2026.
Max materiality 1.00 · Median 0.50 · Most common event other_material