DEF: Myomo, Inc. Announces 2025 Annual Meeting of Stockholders

Myomo, Inc. will hold its 2025 Annual Meeting of Stockholders virtually on June 11, 2025, to elect a director, ratify the appointment of its accounting firm, and transact other business.

Summary

• Myomo, Inc. will hold its 2025 Annual Meeting of Stockholders on June 11, 2025, at 9:00 a.m. Eastern Time, in a virtual format.
• Stockholders will vote on the election of Heather Getz as Class II director for a term ending at the 2028 annual meeting.
• They will also vote to ratify the appointment of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
• The Board of Directors recommends voting FOR the election of the director nominee and FOR the ratification of the accounting firm appointment.
• Stockholders of record as of April 14, 2025, are entitled to vote at the Annual Meeting.
• The company is providing access to proxy materials via the Internet, with instructions on how to vote online, by telephone, or by mail.
• The company had 35,978,651 shares of common stock outstanding as of April 14, 2025.
• The proxy statement and annual report are available at www.proxydocs.com/MYO.

Sentiment

Score: 7

Explanation: The document is a routine proxy statement, presenting factual information in a neutral tone. The sentiment is moderately positive due to the standard corporate governance processes being followed.

Positives

• The company is providing access to proxy materials online to reduce environmental impact and costs.
• The virtual format of the Annual Meeting provides a consistent and convenient experience to all stockholders regardless of location.
• The board of directors has determined that, with the exception of Mr. Gudonis, our President and Chief Executive Officer, all of our other directors qualify as independent directors.

Future Outlook

The document outlines the agenda and procedures for the upcoming Annual Meeting, focusing on electing a director and ratifying the accounting firm. No specific financial guidance is provided, but the meeting serves as a key event for corporate governance and shareholder engagement.

Management Comments

• Paul R. Gudonis, President and Chief Executive Officer, expresses his pleasure in inviting stockholders to the 2025 Annual Meeting.
• Paul R. Gudonis encourages stockholders to carefully review the proxy materials and cast their vote.

Industry Context

The announcement is standard practice for publicly traded companies, ensuring compliance with SEC regulations and providing shareholders with the opportunity to participate in key corporate decisions. The virtual format reflects a growing trend in corporate governance to enhance accessibility and reduce costs.

Comparison to Industry Standards

• Holding annual meetings and providing proxy statements are standard practices for publicly listed companies like Myomo.
• The virtual format of the meeting aligns with trends adopted by other companies to increase accessibility and reduce costs, similar to practices seen at companies like Stryker and Zimmer Biomet.
• The director election and auditor ratification are routine agenda items, comparable to those at annual meetings of medical device companies such as Medtronic and Boston Scientific.

Management Changes

Related Party Transactions

• In December 2024, AIGH Capital Management purchased $1,000,000 of Myomo's common stock in a registered public offering.
• In December 2024, Rosalind Master Fund L.P. purchased $1,350,000 of Myomo's common stock in a registered public offering.
• In December 2024, Triple Gate Partners LP. purchased $1,350,000 of Myomo's common stock in a registered public offering.
• In January 2024, AIGH Capital Management purchased $1,499,952 of Myomo's common stock and pre-funded warrants in a registered direct offering.
• In January 2024, Rosalind Master Fund L.P. purchased $1,499,974 of Myomo's common stock in a registered direct offering.
• In January 2024, Triple Gate Partners LP. purchased $599,640 of Myomo's common stock in a registered direct offering.
• In August 2023, AIGH Capital Management purchased $900,000 of Myomo's common stock and pre-funded warrants in a registered public offering.
• In August 2023, Rosalind Master Fund L.P. purchased $900,000 of Myomo's common stock and pre-funded warrants in a registered public offering.
• In August 2023, Triple Gate Partners LP. purchased $900,000 of Myomo's common stock in a registered public offering.
• In January 2023, AIGH Capital Management purchased $1,499,739 of Myomo's common stock and pre-funded warrants in a registered public offering.
• In January 2023, Rosalind Master Fund L.P. purchased $1,499,639 of Myomo's common stock and pre-funded warrants in a registered public offering.
• In January 2023, Triple Gate Partners LP. purchased $247,000 of Myomo's common stock in a registered public offering.
• In January 2023, The Hewlett Fund L.P. purchased $487,500 of Myomo's common stock in a registered public offering.
• In January 2023, Globis Capital Partners, L.P. purchased $487,500 of Myomo's common stock in a registered public offering.

Stakeholder Impact

• Shareholders have the opportunity to vote on key decisions affecting the company's governance.
• Employees are indirectly affected by the decisions made at the Annual Meeting, particularly regarding the election of directors and the appointment of the accounting firm.
• The outcome of the meeting can influence investor confidence and the company's overall performance, impacting all stakeholders.

Next Steps

• Stockholders should review the proxy materials and vote on the proposals.
• Stockholders who wish to attend the virtual Annual Meeting must register by June 6, 2025.
• The company will announce preliminary results at the Annual Meeting and file a Form 8-K with final results.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Stockholders, Director Election, Accounting Firm, CBIZ, Myomo, Governance