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Form 3 Electromed, Inc. For: Jul 25 Filed by: Summers Andrew

August 16, 2022 11:55 AM EDT

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Summers Andrew

(Last) (First) (Middle)
500 SIXTH AVENUE NW

(Street)
NEW PRAGUE MN 56071

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/25/2022
3. Issuer Name and Ticker or Trading Symbol
Electromed, Inc. [ ELMD ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 323,124
I
By Summers Value Fund LP (1)
Common Stock 198,569
I
By SVP Deal Fund 1 LP (2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Securities owned directly by Summers Value Fund LP ("Summers Value Fund"). Mr. Summers, as the Managing Member of each of Summers Value Partners GP LLC, the general partner of Summers Value Fund, and Summers Value Partners LLC ("Summers Value Partners"), the investment manager of Summers Value Fund, may be deemed to beneficially own the securities owned directly by Summers Value Fund. Mr. Summers expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
2. Securities owned directly by SVP Deal Fund 1 LP ("SVP Fund"). Mr. Summers, as the Managing Member of each of SVP Deal Fund 1 GP LLC, the general partner of SVP Fund, and Summers Value Partners, the investment manager of SVP Fund, may be deemed to beneficially own the securities owned directly by SVP Fund. Mr. Summers expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Remarks:
Exhibit List: EX-24 Power of Attorney
/s/ Joshua L. Colburn, Attorney-in-Fact 08/16/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY
       I, Andrew J. Summers, hereby authorize and designate each of Kathleen S.
 Skarvan, Joshua L. Colburn, Ryan R. Woessner, and Amra Hoso
 signing singly, as my true and lawful attorney-in-fact to:
              (1)	prepare and execute for and on my behalf, in my capacity as
 an officer and/or director of Electromed, Inc. (the "Company"), a Form ID and
 Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange
 Act of 1934 (the "Exchange Act") and the rules and regulations promulgated
 thereunder and other forms or reports on my behalf as may be required to be
 filed in connection with my ownership, acquisition, or disposition of
 securities of the Company, including Form 144;
              (2)	do and perform any and all acts for and on my behalf that may
 be necessary or desirable to complete and execute any such Form ID, Form 3, 4
 or 5 or Form 144, and any amendments to any of the foregoing, and timely file
 any such form with the Securities and Exchange Commission and any stock
 exchange or similar authority; and
              (3)	take any other action of any type whatsoever in connection
 with the foregoing which, in the opinion of such attorney-in-fact, may be to
 my benefit, in my best interest, or legally required of me, it being
 understood that the statements executed by such attorney-in-fact on my behalf
 pursuant to this Power of Attorney shall be in such form and shall contain
 such terms and conditions as such attorney-in-fact may approve in such
 attorney-in-fact's discretion.
       I hereby further grant to each such attorney-in-fact full power and
 authority to do and perform any and every act and thing whatsoever requisite,
 necessary, or proper to be done in the exercise of any of the rights and
 powers herein granted, as fully to all intents and purposes as I might or
 could do if personally present, with full power of substitution or revocation,
 hereby ratifying and confirming all that such attorney-in-fact, or such
 attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
 done by virtue of this Power of Attorney and the rights and powers herein
 granted.  I hereby acknowledge that the foregoing attorneys-in-fact, in
 serving in such capacity at my request, are not assuming, nor is the Company
 assuming, any of my responsibilities to comply with Section 16 of the Exchange
 Act or Rule 144 under the Securities Act of 1933, as amended (the "Securities
 Act").
       This Power of Attorney shall remain in full force and effect until I am
 no longer required to file Form ID or Forms 3, 4 and 5 or Form 144 with
 respect to my holdings of and transactions in securities issued by the
 Company, unless earlier revoked by me in a signed writing delivered to the
 foregoing attorneys-in-fact.  Notwithstanding the foregoing, if any such
 attorney-in-fact hereafter ceases to be at least one of the following: (i) an
 employee of the Company, or (ii) a partner or employee of Faegre Drinker
 Biddle & Reath LLP, then this Power of Attorney shall be automatically
 revoked solely as to such individual, immediately upon such cessation,
 without any further action on my part.
       I hereby revoke all previous Powers of Attorney that have been granted by
 me in connection with my reporting obligations, if any, under Section 16 of
 the Exchange Act and Rule 144 under the Securities Act with respect to my
 holdings of and transactions in securities issued by the Company.
       IN WITNESS WHEREOF, I have caused this Power of Attorney to be duly
 executed as of this 3rd day of August, 2022.

/s/ Andrew J. Summers




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