Stereotaxis, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Stereotaxis, Inc. on September 12, 2019, reporting corporate governance changes effective late September and early October 2019. The Company is incorporated in Delaware and trades on the NYSE American under the symbol STXS.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and compensation arrangements.
Material Changes
- Resignation: Martin C. Stammer, Chief Financial Officer (CFO), notified the Company of his resignation, effective September 30, 2019.
- Appointment: Kimberly R. Peery was appointed as the new CFO, Principal Financial Officer, and Principal Accounting Officer, effective October 1, 2019.
- Background: Ms. Peery joined the Company in 2003 and most recently served as Vice President of Finance and Information Technologies. She is a Certified Public Accountant.
Guidance, Outlook, and Compensation
Beginning October 1, 2019, Ms. Peery will receive an annual base salary of $220,000. She is eligible for an annual discretionary bonus, equity awards, and participation in standard employee benefit plans. The Company confirmed no undisclosed related party transactions involving Ms. Peery exceeding $120,000 since January 1, 2018.
Investor Verification Checklist
- Verify the transition timeline between Mr. Stammer's departure and Ms. Peery's assumption of duties.
- Review the attached press release (Exhibit 99.1) for additional context on the leadership change.
- Monitor upcoming quarterly filings for any impact on financial reporting consistency following the CFO transition.
- Confirm Ms. Peery's equity award details in subsequent proxy statements or compensation disclosures.