CVRx, Inc. 8-K

What Happened
CVRx, Inc. announced that CFO Jared Oasheim notified the company on June 7, 2026 that he will resign to pursue other opportunities. He will remain CFO and principal accounting officer until his successor starts, and will stay employed full-time at his current base salary until the later of August 31, 2026 or 30 days after the CFO transition. On June 8, 2026 the company and Mr. Oasheim executed an Employment Transition Agreement that provides for continued support through a consulting period ending in February 2027.

Key Details

• Notice and agreement dates: resignation notice June 7, 2026; Employment Transition Agreement dated June 8, 2026.
• Employment/consulting timeline: full-time employment through at least Aug 31, 2026 (or 30 days after successor starts); available as consultant through Feb 2027 at $245 per hour.
• Cash and equity terms: one-time cash payment of $262,000 for transition/consulting, payable in two installments on Nov 30, 2026 and Feb 28, 2027; eligible for full 2026 cash incentive payout based on actual results even if employment ends before payout.
• Other terms: post-termination exercise period for stock options issued prior to July 2021 extended to three months after the consulting period ends; up to $10,000 reimbursement for his legal review of the agreement. Company has begun searching for a successor CFO.

Why It Matters
A CFO departure is material because it affects financial leadership and continuity. The agreement keeps Mr. Oasheim involved through the transition and provides consulting support into February 2027, which should help reduce disruption to financial reporting and operations. The direct cash and consulting costs disclosed ($262,000 plus consulting hourly fees and modest legal reimbursement) are specific, limited obligations; investors can view them as transition-related expenses rather than ongoing increases in fixed costs. The company’s search for a successor is underway, and investors should watch for announcements of a permanent replacement.