SEC Filing Summary: Amedica Corporation (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Amedica Corporation on October 7, 2014, reporting events occurring on October 6, 2014. The filing addresses corporate governance changes, specifically the appointment of a new director to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Eric A. Stookey to the Board of Directors. Key details include:
- Role: Appointed as a Class II director, with a term expiring at the 2016 annual meeting.
- Committees: Appointed to the Audit and Compensation Committees.
- Independence: The Board determined Mr. Stookey satisfies the definition of an "independent director" under Nasdaq listing standards.
- Background: Prior to this appointment, Mr. Stookey served as President of the Extremities-Biologics division at Wright Medical Group Inc. (until August 2014) and held various sales and marketing leadership roles there since 1995.
- Compensation: As a non-employee director, he is entitled to standard compensation as described in the Company's 2013 Form 10-K.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, specific risks, or contingencies. The document notes that Mr. Stookey entered into the Company's standard indemnification agreement.
Investor Verification Checklist
- Verify the full text of the press release filed as Exhibit 99.1 for additional context on the appointment.
- Review the Company's 2013 Form 10-K to confirm the specific compensation structure for non-employee directors.
- Confirm the independence status of the new director against current Nasdaq listing standards.
- Check subsequent filings for any changes to the Board composition or committee assignments.