Don Kassing
On February 14, 2025, Don Kassing, a member of the Board of Directors (the “Board”) of Penumbra, Inc. (the “Company”), notified the Company that he will retire from the Board effective April 1, 2025.
Highest-materiality recent filing
Penumbra shareholders approve merger with Boston Scientific; vote 28.6M for, 85k against
Special meeting held May 6, 2026; 28,665,933 shares present, quorum achieved.
Revenue $374.8M, up 15.6% YoY; thrombectomy $253.9M (+12.1%), embolization & access $120.8M (+23.8%).
Penumbra Q4 revenue $385.4M (+22.1%); operating income $59.2M; FY25 rev $1.4B (+17.5%)
Revenue $385.4M for Q4, up 22.1% YoY (20.9% constant currency). US Thrombectomy $203.1M (+12.4%).
Boston Scientific to acquire Penumbra: $374 cash or 3.8721 BSX shares per share; 73% cash/27% stock
Penumbra holders elect $374 cash or 3.8721 BSX shares per share; proration targets 73.26% cash/26.74% stock.
Penumbra Q3 revenue $354.7M (+17.8% YoY); full-year guidance raised to $1.375-1.380B
Net income of $45.9M; adjusted EBITDA $66.7M (18.8% margin).
Penumbra promotes Shruthi Narayan to President, CEO remains Elsesser
Shruthi Narayan, former President Interventional, becomes President effective Sept 1, 2025; reports to CEO Adam Elsesser.
Penumbra Q2 revenue $339.5M (+13.4% YoY); net income $45.3M vs prior-year loss
Revenue $339.5M, +13.4% YoY; U.S. Thrombectomy $188.5M (+22.6%); U.S. VTE +42%.
Penumbra shareholders approve board declassification and supermajority elimination
Board declassification approved by 31,773,328 votes; phase-in over 3 years, fully declassified by 2028.
Penumbra Q1 2025 revenue $324.1M (+16.3% YoY); net income $39.2M; raises U.S. thrombectomy guidance
Revenue $324.1M (+16.3% YoY); U.S. Thrombectomy $187.9M (+25.0%).
Penumbra director Don Kassing to retire April 1, 2025 after 17 years
Don Kassing, board member since 2008 and Presiding Director since 2015, will retire effective April 1, 2025.
Penumbra Q4 adjusted revenue $321.3M (+13%); U.S. thrombectomy up 27%
Adjusted revenue (excl. Italian payback) Q4 $321.3M, up 12.9% YoY; reported revenue $315.5M (+10.8%).
Penumbra Q3 revenue $301M (+11.1% YoY); U.S. thrombectomy up 21.2%; raises segment guidance
Revenue $301.0M, +11.1% YoY; net income $29.5M; adjusted EBITDA $56.7M (18.8% margin).
Penumbra announces $200M share repurchase authorization, $100M accelerated buyback
Board authorized up to $200M in stock repurchases through July 31, 2025.
Penumbra Q2 revenue $299.4M (+14.5%); loss from ops $81M on $110.3M impairment charges
U.S. thrombectomy revenue $153.7M, up 24.9% YoY; global thrombectomy revenue $203.5M (+25.2%).
Penumbra stockholders elect two Class III directors, ratify PwC, approve say-on-pay
Adam Elsesser and Harpreet Grewal elected as Class III directors with ~86% of votes cast.
Penumbra Q1 revenue $278.7M (+15.4% YoY); U.S. thrombectomy up 35.2%; reaffirms FY24 guidance
Revenue $278.7M, up 15.4% YoY (15.2% constant currency); U.S. thrombectomy $150.3M, +35.2%.
Penumbra dismisses Deloitte, appoints PwC as auditor for FY2024
Deloitte & Touche dismissed as independent auditor effective March 17, 2024.
On February 14, 2025, Don Kassing, a member of the Board of Directors (the “Board”) of Penumbra, Inc. (the “Company”), notified the Company that he will retire from the Board effective April 1, 2025.
Max materiality 1.00 · Median 0.75 · Most common event earnings