Modular Medical Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
Non-Employee Director Appointments
Effective May 22, 2025, the board of directors (the “Board”) of Modular Medical, Inc. (the “Company”) appointed Jeffrey Goldberg as a member of the Board. Mr. Goldberg, 59, is an experienced executive who currently and in the past has served as a member and chair of the board of directors of multiple companies. Since December 2023, he has served as a member of the board of directors of ATI Physical Therapy, Inc., a publicly-traded nationwide provider of physical therapy services. He also currently serves as a member of the board of directors of the following companies: Eating Recovery Centers/Pathlight, Lannett Company, Inc. and Banza. Mr. Goldberg earned his J.D. from UCLA School of Law and his A.B. with a concentration in Philosophy from Harvard College. The Board believes that Mr. Goldberg’s extensive leadership experience, including serving as a member and chair of the board of directors of a number of companies in the healthcare and technology industries, will make him a valuable addition to the board.
Compensatory Arrangements
Mr. Goldberg will be eligible to participate in the Company’s Outside Director Compensation Plan.
Family Relationships
There are no family relationships between Mr. Goldberg and any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer.
Related Party Transactions
Since the beginning of the Company’s last fiscal year through the present, there have been no transactions with the Company, and there are currently no proposed transactions with the Company, in which the amount involved exceeds $120,000, and in which Mr. Goldberg had, or will have, a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K. No arrangement or understanding exists between Mr. Goldberg and any other person pursuant to which he was selected as a director of the Company. In addition, Mr. Goldberg and the Company will enter into the Company’s standard form of indemnification agreement.
Item 8.01. Other Events.
On May 28, 2025, the Company issued a press release announcing the appointment of Mr. Goldberg to the Company’s Board, as described in Item 5.02 above. A copy of the press release is furnished as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits: |
| Exhibit No. | Description | |
| 99.1 | Press Release by Modular Medical, Inc. dated May 28, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
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.
| MODULAR MEDICAL, INC. | ||
| Date: May 28, 2025 | By: | /s/ James Besser |
| James Besser | ||
| Chief Executive Officer | ||
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