Tactile Systems Technology Files 8-K

TL;DR

Tactile Systems Tech (TCMD) filed an 8-K on July 5th - likely financial updates or material events.

AI Summary

On July 5, 2024, Tactile Systems Technology, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with other events and a Regulation FD disclosure. Specific details regarding the nature of these events or financial figures were not immediately available in the provided text.

Why It Matters

This filing indicates that Tactile Systems Technology, Inc. has made a significant regulatory submission, potentially related to material events or financial updates that could impact investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report, which typically contains routine disclosures rather than immediate, high-impact news.

Key Players & Entities

• TACTILE SYSTEMS TECHNOLOGY, INC. (company) — Registrant
• July 5, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 001-37799 (identifier) — Commission File Number
• 41-1801204 (identifier) — I.R.S. Employer Identification No.
• 3701 Wayzata Blvd , Suite 300 , Minneapolis , MN 55416 (address) — Address of principal executive offices
• ( 612 ) 355-5100 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — registered Common Stock, Par Value $0.001 Per Share TCMD The Nasdaq Stock Marke
• $0.5 million — ny has also agreed to pay approximately $0.5 million in fees and expenses related to this la

Filing Documents

• tm2418929d1_8k.htm (8-K) — 27KB
• tm2418929d1_ex99-1.htm (EX-99.1) — 52KB
• tm2418929d1_ex99-2.htm (EX-99.2) — 268KB
• 0001104659-24-078098.txt ( ) — 586KB
• tcmd-20240705.xsd (EX-101.SCH) — 3KB
• tcmd-20240705_lab.xml (EX-101.LAB) — 33KB
• tcmd-20240705_pre.xml (EX-101.PRE) — 22KB
• tm2418929d1_8k_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Pursuant to the settlement documentation discussed further in Item 8.01 below, a copy of a notice and the stipulation of settlement are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K. The information in Exhibits 99.1 and 99.2 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in that filing.

01. Other Events

Item 8.01. Other Events. On July 5, 2024, Tactile Systems Technology, Inc. (the "Company") announced that on June 6, 2024, it entered into a Stipulation of Settlement in the stockholder derivative lawsuit pending in the United States District Court for the District of Delaware captioned Jack Weaver v. Moen , et al., File No. 1:22-cv-01063-GBW. A description of the lawsuit was set forth in the section entitled "Legal Proceedings" in Note 8 – "Commitments and Contingencies" of the condensed consolidated financial statements contained in t he Company's Form 10-Q filed with the Securities and Exchange Commission on May 6, 2024. On June 7, 2024, the plaintiff filed an unopposed motion for preliminary approval of the settlement. On June 27, 2024, the Court entered an order granting the motion for preliminary approval of the settlement (the "Preliminary Approval Order"). The Court has scheduled a Settlement Hearing for August 28, 2024 to consider whether to grant final approval to the settlement. Pursuant to the settlement, the Company will adopt, implement and maintain certain corporate governance reforms and has agreed to file this Form 8-K and provide other disclosures regarding the settlement. The Company has also agreed to pay approximately $0.5 million in fees and expenses related to this lawsuit. The settlement does not constitute an admission of liability or wrongdoing by the Company, or any of the Company's current or former directors or officers.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits EXHIBIT INDEX Exhibit No. Description 99.1 Notice of Pendency of Derivative Action, Proposed Agreement of Settlement and Release, and Settlement Hearing 99.2 Stipulation of Settlement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. TACTILE SYSTEMS TECHNOLOGY, INC. Date: July 5, 2024 By: /s/ Elaine M. Birkemeyer Elaine M. Birkemeyer Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR