Business Context and Reporting Period
This Form 8-K Current Report was filed by Myomo, Inc. on December 16, 2025, covering events occurring on December 10, 2025. The filing addresses a voluntary compensation adjustment program for the Company's Chief Executive Officer and Chief Financial Officer.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to the specific executive compensation adjustment:
- CEO Salary Reduction: 10% reduction in base salary for 2026, equating to $40,000 foregone.
- CFO Salary Reduction: 10% reduction in base salary for 2026, equating to $30,000 foregone.
- RSU Grant Value: Restricted Stock Units (RSUs) granted with a fair value equal to 115% of the salary foregone for each executive.
Material Changes
The material change reported is the implementation of a salary-for-RSU program approved by the Compensation Committee. This program allows salaried employees to voluntarily exchange base salary for equity. Specifically, CEO Paul Gudonis and CFO David Henry elected to participate, resulting in a 10% reduction in their 2026 base salaries in exchange for RSUs. The filing does not report changes in revenue, operating costs, or capital structure outside of this compensation arrangement.
Guidance, Outlook, and Risks
Program Terms and Contingencies:
- Termination Right: The Company retains the sole discretion to terminate or modify the program at any time prior to the Initial Grant Date of January 12, 2026.
- Consequence of Termination: If the program is terminated, no RSU grants will be made, and the officers' base salaries will remain unchanged.
- Vesting Schedule: If granted, RSUs will be issued in equal quarterly installments starting January 12, 2026, with each grant vesting in full on the three-month anniversary of the grant date, subject to continuous service.
The filing contains no forward-looking guidance regarding revenue, earnings, or market outlook.
Investor Verification Checklist
- Verify the final status of the salary-for-RSU program prior to the January 12, 2026 Initial Grant Date to confirm if the salary reductions and RSU grants are executed.
- Review the Company's 2018 Stock Option and Incentive Plan for specific terms governing the RSU agreements.
- Monitor future filings for the actual grant date and number of RSUs issued to confirm the 115% valuation assumption.
- Check subsequent 10-Q or 10-K filings for the impact of this compensation change on the Company's cash flow and stock-based compensation expenses.