Company: BSX
Filing Date: 2025-01-16
Form Type: 8-K
Source: 0000885725-25-000003
Chunk: 0

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-01-16
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01 Other Events.

On January 8, 2025, the United States District Court for the District of Massachusetts (the “ Court”) issued an order (the “ Preliminary Approval Order”) granting preliminary approval to a proposed settlement of two shareholder derivative actions and demands for access to certain books and records of Boston Scientific Corporation (the “ Company”), which actions were related to the prior recall and retirement of the LOTUS Edge™ Aortic Valve System, as previously disclosed by the Company.

The proposed settlement was entered into, subject to the Court’s approval, through a stipulation and agreement of settlement, dated September 6, 2024 (the “ Stipulation of Settlement”), by and among plaintiff Diane Nachbaur, plaintiff Frank Tripson, Excavators Union Local 731 Pension Fund, the Company as a nominal defendant, and the individual named defendants therein. The Court has scheduled a hearing on March 25, 2025, at 2:00 p. m. Eastern Time, to determine whether it should issue an order for final approval of the proposed settlement.

As required by the Preliminary Approval Order, the Company is filing the Stipulation of Settlement, with exhibits thereto, and the Notice of Proposed Derivative Settlement with this Current Report on Form 8-K, copies of which are attached hereto as Exhibits 99.1 and 99.2, respectively.

Item 9.01 Financial Statements and Exhibits.