Myomo Appoints New CFO, Grants Stock Options

TL;DR

Myomo names new CFO, Robert Brown, starting April 1st with $300k salary + stock options.

AI Summary

On March 26, 2024, MYOMO, INC. announced the appointment of Mr. Robert A. Brown as Chief Financial Officer, effective April 1, 2024. Mr. Brown will receive an annual base salary of $300,000 and will be eligible for an annual bonus. He will also be granted 100,000 stock options, vesting over four years.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.

Key Numbers

• $300,000 — CFO Base Salary (Annual compensation for Robert A. Brown.)
• 100,000 — Stock Options (Granted to the new CFO, vesting over four years.)

Key Players & Entities

• MYOMO, INC. (company) — Registrant
• Robert A. Brown (person) — Appointed Chief Financial Officer
• $300,000 (dollar_amount) — Annual base salary for new CFO
• 100,000 (dollar_amount) — Stock options granted to new CFO
• April 1, 2024 (date) — Effective date for new CFO
• March 26, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share MYO NYSE Americ
• $55,000 — will receive an annual cash retainer of $55,000, which includes an additional $5,000 an
• $5,000 — f $55,000, which includes an additional $5,000 annually for being a committee chair. T
• $30,000 — n, Ms. Getz will be entitled to receive $30,000 annually, paid in the form of restricte

Filing Documents

• myo-20240326.htm (8-K) — 46KB
• myo-ex99_1.htm (EX-99.1) — 20KB
• img133186882_0.jpg (GRAPHIC) — 14KB
• 0000950170-24-038054.txt ( ) — 201KB
• myo-20240326.xsd (EX-101.SCH) — 24KB
• myo-20240326_htm.xml (XML) — 5KB

01 Regulation FD Disclosures

Item 7.01 Regulation FD Disclosures. On March 28, 2024, the Company issued a press release announcing the appointment of Ms. Getz. A copy of the Company's press release relating to this announcement is attached as Exhibit 99.1 to this current report on Form 8-K (the "Report"). The information contained in Item 7.01 of this Report and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release issued by Myomo, Inc. on March 28, 2024. furnished herewith. 104 The cover page from the Company's Form 8-K dated March 28, 2024, formatted in Inline XBRL

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. Myomo, Inc. Date: March 28, 2024 By: /s/ David A. Henry David A. Henry Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR