Electromed, Inc. Files 8-K for Material Agreement

TL;DR

Electromed (ELMD) filed an 8-K for a material definitive agreement and new financial obligations.

AI Summary

Electromed, Inc. entered into a material definitive agreement on December 16, 2025. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company is involved in the manufacturing of electromedical and electrotherapeutic apparatus.

Why It Matters

This 8-K filing signals a significant new agreement or financial commitment for Electromed, Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce new risks or alter existing ones for a company.

Key Numbers

• 001-34839 — SEC File Number (Identifies the company's filing with the SEC.)
• 41-1732920 — EIN (Employer Identification Number for Electromed, Inc.)

Key Players & Entities

• Electromed, Inc. (company) — Registrant
• December 16, 2025 (date) — Date of earliest event reported
• Minnesota (location) — State of Incorporation
• New Prague, MN (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ction 12(b) of the Act: Common Stock , $0.01 par value ELMD NYSE American LLC
• $10,000,000 — senior security credit facility with a $10,000,000 revolving line of credit (the "Credit F

Filing Documents

• elmd20251209_8k.htm (8-K) — 29KB
• ex_899216.htm (EX-10.1) — 210KB
• 0001437749-25-038291.txt ( ) — 420KB
• elmd-20251216.xsd (EX-101.SCH) — 3KB
• elmd-20251216_def.xml (EX-101.DEF) — 11KB
• elmd-20251216_lab.xml (EX-101.LAB) — 15KB
• elmd-20251216_pre.xml (EX-101.PRE) — 11KB
• elmd20251209_8k_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. On December 16, 2025, Electromed, Inc. (the "Company") entered a Credit Agreement (the "Credit Agreement") with BMO Bank N.A. ("Lender"), as lender. The Credit Agreement provides the Company with a senior security credit facility with a $10,000,000 revolving line of credit (the "Credit Facility"). The Credit Agreement provides that the Credit Facility will mature on December 16, 2026. Any borrowings under the Credit Facility will bear interest at one-month Term SOFR plus 1.75%, payable monthly. The Company provided a first priority security interest in substantially all of its existing and future assets to secure the payment obligations under the Credit Agreement. The Credit Agreement contains certain customary covenants that limit the Company's ability to engage in certain transactions. The Credit Agreement also contains customary indemnification obligations and events of default, including, among other things, (i) non-payment, (ii) non-performance of covenants and obligations, (iii) default on other indebtedness, (iv) judgments, (v) misrepresentation and (vi) bankruptcy and insolvency. The Company may use the proceeds of the Credit Facility to finance capital expenditures and for working capital and general corporate purposes. In addition, at any time that there is any borrowing under the Credit Facility, the Company is subject to certain financial covenants, including maintaining a minimum Fixed Charge Coverage Ratio of at least 1.20x and a Total Funded Debt to EBITDA (as each such term is defined in the Credit Agreement) ratio of not more than 2.50x, each calculated on a quarterly basis over a rolling four-quarter period. The foregoing description of the Credit Facility is qualified by reference to the text of the Credit Agreement, a copy of which is attached as Exhibits 10.1 and incorporated herein by reference.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. In connection with the execution of the Credit Facility described in response to Item 1.01 of this Current Report on Form 8-K, the Company terminated its existing credit facility with Choice Financial Group.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Credit Agreement, dated as of December 16, 2025, between the Company, as borrower, and BMO Bank N.A., as lender * 104 Cover Page Interactive Data File (embedded in the cover page and formatted in inline XBRL) *Certain exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted exhibit can be furnished to the SEC upon request.

SIGNATURES

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. ELECTROMED, INC. Date: December 18, 2025 By: /s/ Bradley M. Nagel Name: Bradley M. Nagel Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR