EDAP TMS S.A. appoints David Horn to its Board of Directors, enhancing strategic expertise and oversight capabilities.
Quiver AI Summary
EDAP TMS S.A. has announced the appointment of David Horn to its Board of Directors, effective February 11, 2026. Horn, who has significant expertise in capital markets and medical devices, will also serve on the Audit Committee and Nominations Committee. He is currently the President and CFO of Seer, Inc., where he has played a key role in strategic planning since joining as CFO in 2020, and previously worked at Morgan Stanley for over 20 years in healthcare investment banking. EDAP's Chairman, Lance Willsey, expressed confidence in Horn's ability to contribute to the company's growth strategy. The company also acknowledged Glen French's departure from the Board. EDAP TMS specializes in therapeutic ultrasound technology and is committed to expanding its innovative medical products.
Potential Positives
- David Horn's appointment to the Board of Directors significantly enhances the company's leadership, bringing extensive experience from his roles in the healthcare investment banking and medical device sectors.
- Mr. Horn's capital markets expertise and knowledge of strategic growth could provide valuable insights as EDAP seeks to advance its mission and expand its clinical indications.
- The addition of a member with diverse leadership experience reflects the company's commitment to strong governance and strategic planning, which may help drive shareholder value.
Potential Negatives
- The announcement of David Horn's appointment follows the departure of Glen French from the Board of Directors, which may raise concerns about stability and continuity in the company's leadership.
- The press release emphasizes forward-looking statements, which acknowledge numerous risks and uncertainties that could significantly impact the company's future performance and plans.
- The company is navigating a challenging economic environment, including inflation and geopolitical instability, which could affect demand for their products and overall business operations.
FAQ
Who has been appointed to the EDAP Board of Directors?
David Horn has been appointed to the EDAP Board of Directors effective February 11, 2026.
What experience does David Horn bring to the board?
David Horn brings extensive experience in capital markets, operating leadership, and the medical device industry to the board.
What roles will David Horn serve in at EDAP?
David Horn will serve as a member of the Audit Committee and Nominations Committee at EDAP.
What is EDAP’s focus in the medical device industry?
EDAP focuses on developing minimally invasive medical devices using ultrasound technology for various conditions.
Who stepped down from the EDAP Board of Directors?
Glen French stepped down from the Board of Directors effective February 10, 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EDAP Hedge Fund Activity
We have seen 4 institutional investors add shares of $EDAP stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- APIS CAPITAL ADVISORS, LLC removed 226,288 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $518,199
- US BANCORP \DE\ added 119,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $391,510
- BRUCE & CO., INC. removed 115,000 shares (-20.8%) from their portfolio in Q3 2025, for an estimated $263,350
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 43,692 shares (+inf%) to their portfolio in Q3 2025, for an estimated $100,054
- OSAIC HOLDINGS, INC. added 42,500 shares (+4250.0%) to their portfolio in Q3 2025, for an estimated $97,325
- UBS GROUP AG removed 26,689 shares (-11.2%) from their portfolio in Q4 2025, for an estimated $87,806
- VIRTU FINANCIAL LLC removed 11,914 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $27,283
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
EDAP Announces Appointment of David Horn to Board of Directors
AUSTIN, Texas, February 12, 2026 – EDAP TMS S.A. (Nasdaq: EDAP) (“the Company” or “EDAP”), a global leader in therapeutic ultrasound technology, today announced the appointment of David Horn to its Board of Directors, effective February 11, 2026.
The addition of Mr. Horn strengthens the Board with extensive experience both advising and leading companies through periods of strategic growth and transformation. Mr. Horn will serve as a member of the Company’s Audit Committee and Nominations Committee.
“We are pleased to welcome David to the EDAP Board,” said Lance Willsey, Chairman of the Board of EDAP. “David brings deep capital markets expertise, strong operating leadership, and extensive experience across the medical device industry. His perspective will be highly valuable as we continue to execute our strategy and support EDAP’s next phase of growth.”
Mr. Horn has served as President and Chief Financial Officer of Seer, Inc. since 2023 and originally joined the company as Chief Financial Officer in 2020. In his current role, he oversees Seer’s finance and certain commercial functions and works closely with management and the board on strategic planning and execution. Prior to joining Seer, Mr. Horn spent more than 20 years at Morgan Stanley, where he served as a Managing Director in the Healthcare Investment Banking Group. During his tenure, he led the firm’s global Life Science Tools and Diagnostics practice and oversaw the expansion of its Western Region Healthcare practice, advising public companies on capital markets transactions and strategic initiatives. Mr. Horn has also held leadership roles in the medical device and life sciences sectors, including positions at RITA Medical Systems and Chemdex Corporation. Mr. Horn holds an A.B. from Princeton University and an M.B.A. from the Stanford University Graduate School of Business.
“I am honored to join the Board at this important stage in the Company’s evolution,” said Mr. Horn. “EDAP is a market leader in focal therapy technology with a strong history of innovation and a continued focus on expanding clinical indications to reach a broader patient population. I look forward to working with the Board and management team to help further advance the Company’s mission and drive shareholder value.”
The Company also announced that Glen French stepped down from the Board of Directors, effective February 10, 2026.
“I would like to thank Glen for his service and contributions to EDAP,” added Mr. Willsey. “We are grateful for his leadership and guidance during his tenure.”
About EDAP TMS S.A.
A recognized leader in robotic energy-based therapies, EDAP TMS develops, manufactures, promotes, and distributes worldwide minimally invasive medical devices for various conditions using ultrasound technology. By combining the latest technologies in imaging, robotics, and precise non-invasive energy delivery, EDAP introduced the Focal One® in Europe and the United States as a leading prostate focal therapy controlled by urologists, with the potential to expand to multiple indications beyond prostate cancer. For more information on the Company, please visit https://focalone.com .
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of applicable federal securities laws, including Section 27A of the U.S. Securities Act of 1933 (the “Securities Act”) or Section 21E of the U.S. Securities Exchange Act of 1934, which may be identified by words such as “believe,” “can,” “contemplate,” “could,” “plan,” “intend,” “is designed to,” “may,” “might,” “potential,” “objective,” “target,” “project,” “predict,” “forecast,” “ambition,” “guideline,” “should,” “will,” “estimate,” “expect” and “anticipate,” or the negative of these and similar expressions, which reflect our views about future events and financial performance. Such statements include those related to the value Mr. Horn will bring to the board of directors. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, the clinical status and market acceptance of our HIFU devices and the continued market potential for our lithotripsy and distribution divisions, as well as risks associated with the current worldwide inflationary environment, the uncertain worldwide economic, political and financial environment, geopolitical instability, climate change and pandemics like the COVID 19 pandemic, or other public health crises, and their related impact on our business operations, including their impacts across our businesses or demand for our devices and services. Other factors that may cause such a difference may also include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission and in particular, in the sections "Cautionary Statement on Forward-Looking Information" and "Risk Factors" in the Company's Annual Report on Form 20-F.
Forward-looking statements speak only as of the date they are made. Other than required by law, we do not undertake any obligation to update them in light of new information or future developments. These forward-looking statements are based upon information, assumptions and estimates available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete.