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SANUWAVE Health, Inc. (NASDAQ:SNWV) reported a change in its board of directors with the resignation of A. Michael Stolarski, effective May 27, 2025. The company confirmed that Stolarski’s departure is not due to any disagreement with the company, its management, or its board. Following this departure, SANUWAVE appointed Gregory Bazar as a new board member and a member of the Compensation Committee, effective the same date.
Bazar’s appointment comes with a grant of 41,333 stock options at an exercise price of $27.97 per share, vesting quarterly over three years. Additionally, he will receive quarterly stock option grants valued at $20,000 as part of the company’s director compensation plan.
This corporate update is based on the latest 8-K filing with the SEC.
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