ATRICURE, INC. (NASDAQ:ATRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective March 21, 2017,  the Board of Directors (the “Board”) of AtriCure, Inc. (the “Company”) appointed Regina Groves and B. Kristine Johnson to serve as Directors until the next Annual Meeting of Stockholders.  The Board has determined that Ms. Groves and Ms. Johnson are independent directors in accordance with guidelines that the Company has adopted, which also comply with the listing standards set forth by The NASDAQ Stock Market. Also effective March 21, 2017,  Michael D. Hooven and Karen P. Robards informed the Board that they will not stand for re-election to the Board at the Annual Meeting of Stockholders in May 2017.

Ms. Groves has been the Chief Executive Officer at REVA Medical, Inc. (ASX: RVA), since September of 2015. Prior to her current position, Ms. Groves served as Vice President and General Manager of the AF Solutions, Cardiac Rhythm and Heart Failure division of Medtronic, a leading global medical technology company. In this position, she successfully developed and executed strategies to re-enter the catheter-based Afib ablation market and achieved the goal to be market leader in paroxysmal, or intermittent, Afib ablation. The role also allowed her to successfully acquire and integrate companies, complete numerous clinical trials, and launch novel products in the United States and worldwide. Prior to this, she was the Vice President of Quality and Regulatory for Medtronic’s Cardiac Rhythm Disease Management (“CRDM”) business from 2006 to 2008 and before that was Vice President and General Manager for Patient Management CRDM at Medtronic from 2002 to 2006.

Ms. Johnson is currently President of Affinity Capital Management, a venture capital firm that invests primarily in seed and early-stage health care companies in the United States, a position she has held since 2000. In addition to her role at Affinity, Ms. Johnson currently serves on the Boards of Directors of Piper Jaffray (NYSE: PJC), The Spectranetics Corporation (NASDAQ: SPNC) and the University of Minnesota Foundation Investment Advisors, as well as the boards of several private entities. Prior to her role at Affinity, Johnson was employed for 17 years at Medtronic, serving most recently as Senior Vice President and Chief Administrative Officer from 1998 to 1999. Her experience at Medtronic also includes service as President of the Vascular Business and President of the Tachyarrhythmia Management Business, among other roles. 

There is no arrangement or understanding between Ms. Groves or Ms. Johnson and any other person to which they  were appointed as Directors of the Company, and there have been no transactions nor are there any proposed transactions between the Company and Ms. Groves or Ms. Johnson that would require disclosure to Item 404(a) of Regulation S-K. Ms. Groves and Ms. Johnson will receive compensation for their service as directors in accordance with the Company’s compensation policies for non-employee directors.

A copy of the press release announcing Ms. Groves and Ms. Johnson’s appointment is furnished as Exhibit 99.1 and incorporated by reference in this Item 5.02.

Item 9.01Financial Statements and Exhibits.

(d)  Exhibits

No.Description

99.1Press Release dated March 21, 2017

About ATRICURE, INC. (NASDAQ:ATRC)

AtriCure, Inc. is a medical device company providing atrial fibrillation (Afib) solutions. The Company’s segment develops, manufactures, and sells devices designed primarily for the surgical ablation of cardiac tissue and systems designed for the exclusion of the left atrial appendage. The Company has various product lines for the ablation of cardiac tissue, including its Isolator Synergy Ablation System, for the treatment of persistent and longstanding persistent forms of Afib in patients undergoing certain open concomitant procedures. Its Isolator Synergy System, which includes its Isolator Synergy clamps, radio frequency (RF) generator and related switchbox, provides treatment for persistent and long-standing persistent Afib concomitant. It has two primary product lines for cardiac tissue ablation, which include Radio Frequency Ablation Devices and cryoICE Cryoablation System, and a product line for left atrial appendage exclusion.

ATRICURE, INC. (NASDAQ:ATRC) Recent Trading Information

ATRICURE, INC. (NASDAQ:ATRC) closed its last trading session 00.00 at 18.97 with 184,444 shares trading hands.