Company: SNWV
Filing Date: 2025-05-29
Form Type: 8-K
Source: 0001628280-25-028212
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Company: SANUWAVE Health, Inc.
Filing Date: 2025-05-29
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 26, 2025, A. Michael Stolarski, a member of the Board of Directors (the “ Board”) of Sanuwave Health, Inc., a Nevada corporation (the “ Company”), notified the Company of his decision to resign from the Board, effective May 27, 2025. Mr. Stolarski’s resignation is not a result of any disagreement between him and the Company, its management, the Board or any committee of the Board.

To fill the vacancy resulting from Mr. Stolarski’s resignation, the Board appointed Gregory Bazar to the Board, effective as of May 27, 2025, to serve as a director of the Company until the 2025 annual meeting of stockholders and until his successor is elected and qualified, or until his earlier death, retirement, disqualification, resignation or removal. Mr. Bazar also was appointed to serve as a member of the Compensation Committee of the Board.

Mr. Bazar does not have an interest in any related person transactions (as defined in Item 404(a) of Regulation S-K) with the Company.

In connection with his appointment to the Board, Mr. Bazar received a grant of 41,333 stock options at an exercise price of $27.97 per share, which options have a term of ten years and will vest in 12 equal installments on each quarterly anniversary of the grant date. Pursuant to the Company’s director compensation plan, Mr. Bazar also will receive quarterly grants of fully vested stock options with a value equal to $20,000 using the Black Scholes valuation on the grant date.

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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.

                           SANUWAVE HEALTH, INC.                               
  Dated: May 28, 2025      By:                        /s/ Peter Sorensen       
                           Name:                      Peter Sorensen           
                           Title:                     Chief Financial Officer