Business Context and Reporting Period
This Form 8-K was filed by CHF Solutions, Inc. (trading symbol: CHFS) on September 24, 2019. The report addresses a corporate governance event involving the Board of Directors. Note: The request metadata references "Nuwellis, Inc.," but the filing text explicitly identifies the registrant as CHF Solutions, Inc.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding the departure of a director and does not contain financial statements or performance metrics.
Material Changes
The material change reported is the resignation of Matthew E. Likens from the Board of Directors, the Audit Committee, and the Nominating and Corporate Governance Committee, effective September 24, 2019. Mr. Likens cited increased demands as CEO of another company as the reason for his departure. The filing explicitly states that his departure is not the result of any disagreement with the Company regarding operations, policies, or practices.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding future performance in this filing. The only management action noted is the appointment of Warren S. Watson to serve as one of the three members of the Audit Committee in connection with Mr. Likens' departure.
Key Facts for Investor Verification
- Matthew E. Likens resigned from the Board and all committee memberships effective September 24, 2019.
- The resignation was voluntary and unrelated to any disagreement with the Company.
- Warren S. Watson was appointed to the Audit Committee to replace Mr. Likens.
- The registrant is CHF Solutions, Inc., not Nuwellis, Inc.