MiniMed Group, Inc. (MMED) Form 8-K — Oct 16, 2026
$MMEDForm 8-KItems 5.01, 5.02, 7.01, 9.01Filed Oct 16, 2026, 8:30 AM ET0001104659-26-116441Original filing
MiniMed (Nasdaq: MMED) completed its separation from Medtronic plc on October 15, 2026, issuing 252,813,348 new MiniMed shares in exchange for 55,032,401 Medtronic ordinary shares. The exchange offer was 5.4x subscribed, and Medtronic now holds no equity stake in MiniMed, making October 15 MiniMed's first day as a fully independent company. In connection with the separation, four directors — Linnea Burman, Scott Cundy, Laura Mauri, and Matthew R. Walter — resigned from the board, and the board shrank from 11 to eight members.
Key figures
- Countries served
- 80
- Board size change
- 11 to 8
- Minimed shares issued
- 252813348
- Medtronic shares accepted
- 55032401
- Exchange offer subscription
- 5.4x
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