UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 | OTHER EVENTS |
Incorporated by reference is a press release issued by the Registrant on March 16, 2023, attached as Exhibit 99.1, announcing Annual Meeting date of June 1, 2023 and Record date of April 10, 2023.
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(c) Exhibits
Exhibit 99.1- Press release announcing Annual Meeting and Record date, dated March 16, 2023.
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SURGALIGN HOLDINGS, INC. | ||||||
Date: March 16, 2023 |
By: | /s/ Paolo G. Amoruso | ||||
Name: | Paolo G. Amoruso | |||||
Title: | General Counsel and Corporate Secretary |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Surgalign to Host its 2023 Annual Meeting of Shareholders on June 1, 2023
DEERFIELD, Ill., March 16, 2023 Surgalign Holdings, Inc., (NASDAQ: SRGA) a global medical technology company focused on elevating the standard of care by driving the evolution of digital health, today announced that it will be hosting its 2023 Annual Meeting of Shareholders virtually, on Thursday, June 1, 2023 at 9 a.m. PT.
Shareholders will be able to access the Companys Proxy Statement and Annual Report on Form 10-K once they are filed with the Securities and Exchange Commission. Once filed, both documents will be available on the Companys website. Additionally, your bank, broker, or other organization that holds your Surgalign shares will be issuing proxy materials to you that will include a unique control number. This unique control number will be needed by shareholders in order to access the meeting and vote on the matters at hand. The record date for the meeting is April 10, 2023. Additional details about the meeting and the matters to be voted on will be available in our proxy statement when it becomes available.
About Surgalign Holdings, Inc.
Surgalign Holdings, Inc. is a global medical technology company committed to the promise of digital health to drive transformation across the surgical landscape. Uniquely aligned and resourced to advance the standard of care, the company is building technologies physicians and other health providers will look to for what is truly possible for their patients. Surgalign is focused on developing solutions that predictably deliver superior clinical and economic outcomes. Surgalign markets products throughout the United States and in approximately 50 countries worldwide through an expanding network of top independent distributors. Surgalign is headquartered in Deerfield, IL, with commercial, innovation and design centers in San Diego, CA, Warsaw and Poznan, Poland, and Wurmlingen, Germany. Learn more at www.surgalign.com and connect on LinkedIn and Twitter.
Forward Looking Statement
This press release contains forward-looking statements based on managements current expectations, estimates and projections about our industry, our managements beliefs and certain assumptions made by our management, and such forward-looking statements include (among others) statements regarding anticipated future financial and operating performance (including forecasted full-year revenue and number of HOLO sites secured), product rationalization and expense reduction initiatives and the results thereof, potential third party financing and anticipated cash needs. Words such as anticipates, expects, intends, plans, believes, seeks, estimates, variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements are not guarantees of future performance and are based on certain assumptions including general economic conditions, as well as those within the Companys industry, and numerous other factors and risks identified in the Companys most recent Form 10-K, 10-Q and other filings with the SEC. Our actual results may differ materially from the anticipated results reflected in these forward-looking statements. Important factors that could cause actual results to differ materially from the anticipated results reflected in these forward-looking statements include risks and uncertainties relating to the following: (i) the Companys access to adequate operating cash flow, trade credit, borrowed funds and equity capital to fund its operations and pay its obligations as they become due, and the terms on which external financing may be available, including the impact of adverse trends or disruption in the global credit and equity markets; (ii) risks relating to existing or potential litigation or regulatory actions; (iii) the identification of control deficiencies, including material weaknesses in internal control over financial reporting; (iv) general worldwide economic conditions and related uncertainties; (v) the continued impact of the COVID-19 and the Companys attempts at mitigation, particularly in international markets served by the Company; (vi) the failure by the Company to identify, develop and successfully implement its strategic initiatives, particularly with respect to its digital surgery strategy; (vii) the reliability of our supply chain; (viii) our ability to meet obligations, including purchase minimums, under our vendor and other agreements; (ix) whether or when the demand for procedures involving our products will increase; (x) our financial position and results, total revenue, product revenue, gross margin, and operations; (xi) failure to realize, or unexpected costs in seeking to realize, the expected benefits of the Holo Surgical Inc. (Holo Surgical) and Inteneural Networks Inc. (INN) acquisitions, including the failure of Holo Surgicals and INNs products and services to be satisfactorily developed or achieve applicable regulatory approvals or as a result of the failure to commercialize and distribute its products; (xii) the failure to effectively integrate Holo Surgicals and INNs operations with those of the Company, including: retention of key personnel; the effect on relationships with customers, suppliers, and other third parties; and the diversion of management time and attention to the integration; (xiii) the number of shares and amount of cash that will be required in connection with any post-closing milestone payments, including as a result of changes in the trading price of the Companys common stock and their effect on the amount of cash needed by the Company to fund any post-closing milestone payments in connection with the acquisitions; (xiv) the continuation of recent quality issues with respect to our global supply chain; (xv) the effect and timing of changes in laws or in governmental regulations; and (xvi) other risks described in our public filings with the SEC. These factors should be considered carefully, and undue reliance should not be placed on the forward-looking statements. Each forward-looking statement in this communication speaks only as of the date of the particular statement. Copies of the Companys SEC filings may be obtained by contacting the Company or the SEC or by visiting Surgaligns website at http://www.surgalign.com/ or the SECs website at http://www.sec.gov/. We undertake no obligation to update these forward-looking statements except as may be required by law.
Investor and Media Relations Contact:
Glenn Wiener
Email: gwiener@gwcco.com
Phone: +1 917 887 8434
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Document and Entity Information |
Mar. 16, 2023 |
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Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001760173 |
Document Type | 8-K |
Document Period End Date | Mar. 16, 2023 |
Entity Registrant Name | SURGALIGN HOLDINGS, INC. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-38832 |
Entity Tax Identification Number | 83-2540607 |
Entity Address, Address Line One | 520 Lake Cook Road |
Entity Address, Address Line Two | Suite 315 |
Entity Address, City or Town | Deerfield |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60015 |
City Area Code | (877) |
Local Phone Number | 343-6832 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | common stock, $0.001 par value |
Trading Symbol | SRGA |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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