NUWE · Nuwellis, Inc. · Executive Compensation
$0.69
-0.06 (-7.37%)
At close · Oct 2
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions, including continued operating losses, negative cash flows from operations, an accumulated deficit of $325.7 million, and the need for additional capital to fund ongoing operations and growth initiatives (including the integration of Rendiatech Ltd., and Israeli company ("Rendiatech") following the Company's acquisition), raise substantial doubt about the Company's ability to continue as a going concern for at least twelve months from the date these financial statements are issued. ... While management's plans, including recent financing activities, cost discipline initiatives, and contingency measures, are intended to address these conditions, such plans do not alleviate the substantial doubt.”View the 10-Q filed Aug 13, 2026
Market Cap
$2.83M
Shares
3.65M
Volume · Oct 2
108.5K
Avg daily vol (3M)
4.34M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| John L. Erb | President and Chief Executive Officer | $375,197 |
| Neil P. Ayotte | Senior Vice President, General Counsel, Secretary & Chief Compliance Officer | $350,922 |
| Nestor Jaramillo | FormerPresident & Chief Executive Officer | $336,180 |
| Robert B. Scott | Former Chief Financial Officer | $261,277 |
| Robert Scott | CFO | $261,277 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Nestor Jaramillo | FormerPresident & Chief Executive Officer | $409,408 |
| Neil P. Ayotte | Senior Vice President, General Counsel, Secretary & Chief Compliance Officer | $306,987 |
| Robert B. Scott | Former Chief Financial Officer | $269,956 |
| Robert Scott | CFO | $269,956 |
| John L. Erb | President and Chief Executive Officer | $49,300 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Nestor Jaramillo | President & Chief Executive Officer | $606,603 |
| Neil P. Ayotte SVP | General Counsel & Chief Compliance Officer | $406,485 |
| Neil P. Ayotte | Senior Vice President, General Counsel, Secretary & Chief Compliance Officer | $406,485 |
| Lynn Blake | Former Chief Financial Officer | $359,703 |
| Robert Scott | CFO | $291,410 |
| Robert B. Scott | Chief Financial Officer | $291,410 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Nestor Jaramillo | President & Chief Executive Officer | $714,714 |
| Neil P. Ayotte SVP | General Counsel & Chief Compliance Officer | $413,551 |
| Neil P. Ayotte | General Counsel | $413,551 |
| George Montague | Former Chief Financial Officer | $282,583 |
| Lynn Blake | Former Chief Financial Officer | $92,803 |
| Robert B. Scott | Chief Financial Officer | — |
| Robert Scott | CFO | — |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Nestor Jaramillo | President & Chief Executive Officer | $1,123,375 |
| George Montague | Former Chief Financial Officer | $453,044 |
| Neil P. Ayotte | General Counsel | $372,793 |
| Lynn Blake | Chief Financial Officer | — |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| John L. Erb | Former President and Chief Executive Officer | $664,827 |
| Nestor Jaramillo | President & Chief Executive Officer | $481,141 |
| Claudia Drayton | Chief Financial Officer | $433,031 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| John L. Erb | Chairman of the Board | $579,758 |
| Nestor Jaramillo | President & Chief Executive Officer | $526,719 |
| Claudia Drayton | Chief Financial Officer | $392,422 |
| Jim Breidenstein | Former Chief Commercial Officer | $137,000 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| John L. Erb | Chief Executive Officer & President; Chairman of the Board | $2,639,169 |
| Claudia Drayton | Chief Financial Officer | $980,424 |
| Nestor Jaramillo | Chief Commercial Officer | — |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Michael McCormick | member of the Company's board of directors | Appointed | 2026-06-18 |
| Michael McCormick | Chief Executive Officer | Appointed | 2026-06-18 |
| John L. Erb | Chief Executive Officer | Resigned | 2026-06-18 |
| Katharyn Field | Board of Directors | Resigned | 2026-03-27 |
| Mika Grasso | Board of Directors | Resigned | 2026-03-27 |
| David A. McDonald | Class I director | Appointed | 2026-02-26 |
| Martin J. Emerson | Class I director | Appointed | 2026-02-26 |
| Carisa Schultz | Chief Financial Officer, the Principal Financial Officer, and Principal Accounting Officer | Appointed | 2026-01-30 |
| Mika Grasso | board of directors | Appointed | 2026-01-23 |
| Katharyn Field | board of directors | Appointed | 2026-01-23 |
| Dr. Maria Costanzo | board of directors | Resigned | 2026-01-23 |
| Mike McCormick | board of directors | Resigned | 2026-01-23 |
| Dave McDonald | board of directors | Resigned | 2026-01-23 |
| Robert B. Scott | Chief Financial Officer | Resigned | 2025-10-08 |
| John L. Erb | Chief Executive Officer and President | Appointed | 2025-07-02 |
| Nestor Jaramillo, Jr. | member of the Board of Directors | Retired | 2025-02-24 |
| John L. Erb | Interim Chief Executive Officer | Appointed | 2025-02-24 |
| Nestor Jaramillo, Jr. | President and Chief Executive Officer | Retired | 2025-02-24 |
| Jon Salveson | member of the Board | Resigned | 2023-11-01 |
| David McDonald | Class I director | Appointed | 2023-11-01 |
| Archelle Georgiou (Feldshon), M.D. | Class II director | Appointed | 2023-11-01 |
| Robert B. Scott | Chief Financial Officer | Appointed | 2023-08-18 |
| Rob Scott | Chief Financial Officer | Appointed | 2023-08-08 |
| Lynn Blake | Chief Financial Officer | Resigned | 2023-08-08 |
| Warren Watson | Lead Independent Director | Resigned | 2023-06-05 |