UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 11, 2022
(Exact Name of Registrant as Specified in its Charter)
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No.
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(State or Other Jurisdiction of
Incorporation or Organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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(Address of Principal Executive Offices) (Zip Code)
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(
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(Registrant’s Telephone Number, Including Area Code)
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 |
Other Events.
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On April 11, 2022, the Board of Directors (the “Board”) of Nuwellis, Inc. (the “Company”) adopted the First Amendment (the “First Amendment”) to the 2021 Inducement Plan (the “Inducement Plan”), increasing the aggregate number of shares of common stock that may be issued pursuant to equity incentive awards under the Inducement Plan by 35,000 shares for a total of 285,000 shares of common
stock that may be issued pursuant to equity incentive awards under the Inducement Plan. The Company believes that the increase in the shares reserved under the Inducement Plan is necessary to allow it to attract qualified employees to continue the
commercialization of the Aquadex FlexFlow(R) System.
The forgoing description of the terms of the First Amendment is qualified in its entirety by reference to the actual terms of the First Amendment,
which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 9.01 |
Financial Statements and Exhibits
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Exhibits
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Exhibit No.
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Description
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First Amendment to 2021 Inducement Plan.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date: April 21, 2022
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NUWELLIS, INC.
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By:
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/s/ GEORGE MONTAGUE
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Name:
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George Montague
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Title:
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Chief Financial Officer
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Exhibit 10.1
FIRST AMENDMENT TO
THE NUWELLIS, INC.
2021 INDUCEMENT PLAN
The Nuwellis, Inc. 2021 Inducement Plan (the “Plan”) is hereby amended in the following respects, effective April 21, 2022, in accordance with Section 2(b)(vi) of the Plan.
The first sentence of Section 3(a) of the Plan is deleted in its entirety and replaced with the following sentence:
“Subject to Section 9(a) relating Capitalization Adjustments, the aggregate number of shares of Common Stock that may be
issued pursuant to Awards will not exceed 285,000 shares (the “Share Reserve”).”