Solventum Corp 8-K, filed Jun 5, 2026
Solventum Corp (SOLV)
8-K
2026-06-05
For: 2026-06-02
View Original
Added on
June 05, 2026
About this 8-K
Solventum Corp filed this 8-K on June 5, 2026, reporting on events of June 2, 2026.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 2, 2026
(Exact Name of Registrant as Specified in Its Charter)
File No. | ||||||||||||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
(Registrant’s Telephone Number, Including Area Code) (651 ) 733-1110
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Securities registered pursuant to section 12(g) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
On May 10, 2024, Plaintiff Eric Gilbert (the “Plaintiff”), on behalf of a putative class of stockholders of Solventum Corporation (the “Company”), filed a Verified Class Action Complaint (the “Action”) in the Court of Chancery of the State of Delaware (the “Delaware Court”), challenging the validity of certain aspects of the advance notice and stockholder nomination provisions of the By-laws of the Company. On September 20, 2024, the Company modified the challenged provisions by amending the By-laws of the Company (the “By-laws Amendment”). On November 13, 2024, the Plaintiff filed a Notice and [Proposed] Order Dismissing this Action as Moot and Retaining Jurisdiction to Determine Plaintiff’s Counsel’s Application for an Award of Attorney’s Fees and Reimbursement of Expenses (the “Fee Application”).
The Company has denied and continues to deny all allegations of wrongdoing in the Action. Following negotiations, the Company subsequently decided to avoid further litigation of the issue by resolving the Fee Application and agreeing to pay $120,000 in attorneys’ fees and expenses in full satisfaction of any and all claims by the Plaintiff and his counsel for fees and expenses in the Action relating to the By-laws Amendment. In making this decision, the Company considered various factors, including the cost and time associated with litigation.
On June 2, 2026, the Delaware Court entered an order, pursuant to a stipulation, providing that notice of these payments be given through the furnishing of this Current Report on Form 8-K. A copy of the Stipulation and Order Closing Case is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In entering the order, the Delaware Court was not asked to review, and did not pass judgment on, the agreed payment of the Plaintiff’s attorneys’ fees and expenses or their reasonableness. The Plaintiff’s counsel are Joseph L. Christensen of Christensen Law LLC, (302) 212-4330 and Abbott Cooper of Abbott Cooper PLLC, (475) 477-5031. Counsel for the Company are Wade Houston of Abrams & Bayliss LLP, (302) 778-1166 and Roger A. Cooper of Cleary Gottlieb Steen & Hamilton LLP, (212) 225-2283.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). | |||||||
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 thereunto duly authorized.
| SOLVENTUM CORPORATION | ||||||||
By: | /s/ Wayde McMillan | |||||||
Wayde McMillan | ||||||||
Executive Vice President and Chief Financial Officer | ||||||||
Dated: June 5, 2026
EXHIBIT 99.1
GRANTED | ||||||||
N THE COURT OF CHANCERY OF THE STATE OF DELAWARE
| C.A. No. 2024-0501-JTL | ||
STIPULATION AND [PROPOSED] ORDER CLOSING CASE
WHEREAS, on May 10, 2024, Plaintiff Eric Gilbert (“Plaintiff”) filed a Verified Class Action Complaint (the “Complaint”) against, Defendant Solventum Corporation (“Defendant”).
WHEREAS, on November 13, 2024, Plaintiff filed a Notice and [Proposed] Order Dismissing this Action as Moot and Retaining Jurisdiction to Determine Plaintiff’s Counsel’s Application for an Award of Attorney’s Fees and Reimbursement of Expenses (D.I. 5);
WHEREAS, Defendant has denied and continues to deny all allegations and claims brought by Plaintiff;
WHEREAS, following arms-length negotiations, and in order to avoid the time and expense of continued litigation and without any admissions, the parties
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have reached an agreement to resolve Plaintiff ’s fee application with a payment to Plaintiff ’s counsel of $120,000.00 (the “Mootness Fee”);
WHEREAS, the Court has not and will not pass judgment on the amount of the Mootness Fee; and
WHEREAS, the Court requires the parties to provide notice to stockholders concerning any agreed-upon payment of attorneys’ fees and expenses in circumstances where the underlying claims are dismissed as moot;
IT IS HEREBY STIPULATED AND AGREED, by and between the undersigned parties, under Court of Chancery Rules 23(f) and 41(a), subject to the approval of the Court, that:
1.Following the entry of this Order, Defendant shall make a disclosure in a Form 8-K substantially in the form attached hereto as Exhibit A that will be furnished to the Securities and Exchange Commission;
2.The submission by Defendant of a disclosure in a Form 8-K substantially in the form attached hereto as Exhibit A constitutes adequate notice for the purposes of Rule 23(f)(3) (the “Notice”) to the extent such notice is required;
3.Defendant shall file with the Court an affidavit that the Notice has been made (the “Affidavit”) in accordance with paragraphs 3 and 4 above no later than 5 business days after the Notice is publicly filed;
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4.Upon the filing of the Affidavit:
a.The Register in Chancery is directed to close this Action on the docket for all purposes; and
b.The Court will no longer retain any jurisdiction over this Action, and the Action shall be fully dismissed with prejudice as to Plaintiff.
5.Defendant shall pay the Mootness Fee in full satisfaction of the claim for attorneys’ fees and expenses in the Action to an account designated by Plaintiff ’s counsel no later than ten (10) business days after the later of: (a) the date of the entry of this Order, or (b) Defendant’s counsel’s receipt from Plaintiff ’s counsel of the information necessary to deliver a check or effectuate a transfer of funds to an account designated by Plaintiff ’s counsel. Upon payment into such account, Plaintiff and Plaintiff ’s counsel shall be deemed to have released Defendant from all claims for attorneys’ fees and expenses in connection with the matters addressed by the Complaint.
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Dated: May 28, 2026
/s/ Joseph L. Christensen Joseph L. Christensen (#5146) Christensen Law LLC
1201 North Market Street, Suite 1404
Wilmington, DE 19801
(302) 212-4330
Counsel for Plaintiff Eric Gilbert
/s/ E. Wade Houston
E. Wade Houston (#6289) ABRAMS & BAYLISS LLP
20 Montchanin Road, Suite 200
Wilmington, DE 19807
(302) 778-1166
houston@abramsbayliss.com OF COUNSEL:
Roger A. Cooper
CLEARY GOTTLIEB STEEN & HAMILTON LLP
One Liberty Plaza New York, NY 10006
(212) 225-2000
Counsel for Defendant Solventum Corporation
SO ORDERED this day of , 2026
The Honorable J. Travis Laster
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This document constitutes a ruling of the court and should be treated as such. | ||
Court: DE Court of Chancery Civil Action Judge: J Travis Laster File & Serve Transaction ID: 79585789 Current Date: Jun 02, 2026 Case Number: 2024-0501-JTL Case Name: CLOSED/Eric R. Gilbert v. Solventum Corporation Court Authorizer: J Travis Laster | ||
/s/ Judge J Travis Laster | ||