DYNATRONICS CORP

Overview

• IndustrySurgical & Medical Instruments & Apparatus¹
• HeadquartersSalt Lake City, Utah¹
• Incorporated inUT³
• Business address7030 Park Centre Drive, Bldg D, Salt Lake City, Ut 84121³
• Filer categoryNon-accelerated filer, Smaller reporting company³

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Dynatronics Corporation is a leading medical device company committed to providing high-quality products designed to accelerate optimal health. The Company designs, manufactures, and sells a broad range of products for clinical use in physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Through its distribution channels, Dynatronics markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, and hospitals. The Company's products are marketed under a portfolio of high-quality, well-known industry brands including Bird & Cronin, Solaris, Hausmann, PROTEAM, and Mammoth, among others.⁴ From its latest annual report

Corporate structure

DYNATRONICS CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DYNATRONICS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

We lease a 57,000 square-foot manufacturing, warehouse, and office facility in Eagan, Minnesota, which houses our corporate headquarters and principal executive offices. Lease payments are $40,000 per month. The original term of the lease is for thirty nine months, commencing in April 2025. The lease is subject to 4% increases each subsequent year. The lease also includes a renewal option for an additional 36 months at Market Rate. We believe that the terms of the agreement are commercially reasonable for the market in which the facility is located.

We lease a 60,000 square-foot manufacturing and office facility in Northvale, New Jersey to house our Hausmann Enterprises, LLC operations. The initial two-year term of this lease commenced in April 2017, with monthly lease payments of $30,000 for the first year and 2% increases in each subsequent year. The lease provides for two options to extend the term of the lease for two years per extension term, subject to annual 2% per year increases in base rent, and a third extension option at the end of the second option term for an additional five years at fair market value. We have exercised options to extend the term of the lease through March 2028, with monthly lease payments of $60,000 for the first year, 2% increases each subsequent year, and monthly solar payments that total approximately $9,000 per year starting July 2023. The landlord is a stockholder and the previous owner of the assets and operations acquired in 2017. The lease was negotiated at arms' length as part of the Hausmann acquisition. We believe that the terms of the agreement are commercially reasonable for the market in which the facility is located.

Item 2 of the 10-K filed Oct 14, 2025.⁴

Leadership

Who has led DYNATRONICS CORP, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerJohn Anthony Krier Jul 21, 2020 to Jul 13, 2023¹⁴
• Chief executive officerJako Christopher Richard Von Jun 27, 2018 to Jul 3, 2019¹⁵
• Chief executive officerKelvyn H. Cullimore Jr. Jan 4, 2007 to Sep 17, 2019¹⁶
• ChairKelvyn H. Cullimore Jr. Jan 4, 2007 to Nov 24, 2015¹⁶
• PresidentKelvyn H. Cullimore Jr. Jan 4, 2007 to Dec 30, 2014¹⁶
• Chief financial officerJohn Anthony Krier Oct 4, 2023 to Oct 4, 2023¹⁷
• Chief financial officerGabriel Ellwein Nov 9, 2023 to Nov 9, 2023¹⁸
• Chief financial officerNorman Roegner Iii. Sep 1, 2021 to Jul 22, 2022¹⁹
• Chief financial officerDavid Alma Wirthlin Apr 20, 2017 to Jan 7, 2020²⁰
• Chief financial officerTerry M. Atkinson Jul 3, 2007 to Jul 3, 2007²¹
• Chief operating officerRyan Edward Staats May 12, 2025 to now²²

Timeline

1. Jan 12, 20268-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change⁴⁷
2. Dec 17, 20258-K Shareholder vote⁴⁸
3. May 9, 20258-K Executive or director change⁴⁹
4. Apr 18, 20258-K Executive or director change⁵⁰
5. Apr 4, 20258-K Entered a material agreement⁵¹
6. Dec 9, 20248-K Shareholder vote⁵²
7. Sep 24, 20248-K Executive or director change⁵³
8. Jun 28, 20248-K Listing notice or transfer; Regulation FD disclosure⁵⁴
9. May 16, 20248-K Results of operations⁵⁵
10. Apr 29, 20248-K Listing notice or transfer⁵⁶
11. Mar 20, 20248-K Executive or director change⁵⁷
12. Feb 8, 20248-K Results of operations⁵⁸
13. Jul 21, 2020New chief executive John Anthony Krier becomes CEO¹⁴
14. Jun 27, 2018New chief executive Jako Christopher Richard Von becomes CEO¹⁵
15. Jan 4, 2007New chief executive Kelvyn H. Cullimore Jr. becomes CEO¹⁶

Calendar

When it reported results

1. May 16, 2024Reported quarterly or annual results⁵⁵
2. Feb 8, 2024Reported quarterly or annual results⁵⁸
3. Nov 9, 2023Reported quarterly or annual results⁵⁹
4. Sep 28, 2023Reported quarterly or annual results⁶⁰
5. May 11, 2023Reported quarterly or annual results⁶¹
6. Feb 9, 2023Reported quarterly or annual results⁶²
7. Nov 10, 2022Reported quarterly or annual results⁶³
8. Sep 22, 2022Reported quarterly or annual results⁶⁴

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

210 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 44 major events, 126 insider forms, 7 large holders, 16 other. The latest 20:

1. Feb 17, 2026SCHEDULE 13G/A EDGAR
2. Jan 12, 20268-K EDGAR
3. Dec 17, 20258-K EDGAR
4. Nov 19, 202510-Q EDGAR
5. Nov 17, 2025NT 10-Q EDGAR
6. Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
7. Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
8. Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
9. Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
10. Oct 28, 2025ARS EDGAR
11. Oct 28, 2025DEFA14A EDGAR
12. Oct 28, 2025DEF 14A EDGAR
13. Oct 23, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
14. Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
15. Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
16. Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
17. Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
18. Oct 14, 202510-K EDGAR
19. Oct 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
20. Oct 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 13 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 4 filings Feb 15, 2022 to Feb 17, 2026⁶⁵
• RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 2023⁶⁶
• Nancy CroninSC 13G/A, 1 filing Jan 14, 2022⁶⁷

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

SEC filer profile

How DYNATRONICS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARDYNATRONICS CORP¹
• CIK0000720875
• Employer ID (EIN)87-0398434⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inUtah⁴
• Fiscal year endsJune 30¹
• Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus¹
• SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance¹
• Business address7030 Park Centre Drive, Bldg D, Salt Lake City, UT 84121¹
• Mailing address7030 Park Center Dr, Salt Lake City, UT 84121¹
• Phone8015687000¹
• Shares outstanding16,048,734 as of Nov 12, 2025¹²
• Public float$600.0K as of Dec 31, 2024⁴
• AuditorTanner LLC, Salt Lake City, Utah PCAOB ID 270; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceMay 18, 1995¹
• Filings907 in all: 4 (382), 8-K (182), 10-Q (57), 10QSB (35), DEF 14A (31), 3 (30), 10-K (18), 4/A (17)¹
  All 42 form types

  10KSB (12), ARS (10), 5 (9), UPLOAD (9), CORRESP (8), SC 13G/A (8), EFFECT (7), PRE 14A (7), S-3 (7), S-3/A (7), SC 13D/A (7), SC 13G (7), 10-K/A (6), 10-Q/A (6), REGDEX (6), D (5), S-8 (5), 8-K/A (4), 424B5 (3), DEFA14A (3), SC 13D (3), 10KSB/A (2), D/A (2), NT 10-Q (2), 10-K405 (1), 25-NSE (1), 5/A (1), DEFR14A (1), NT 10-K (1), PREM14A (1), PRER14A (1), S-8 POS (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

• Latest filingsAnnual report (10-K) Oct 14, 2025
  Quarterly report (10-Q) Nov 19, 2025
  Proxy statement (DEF 14A) Oct 28, 2025
  Latest 8-K (8-K) Jan 12, 2026

Securities registered for trading

From the cover page of the 10-K filed Oct 14, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks DYNATRONICS CORP names in Item 1A of its 10-K filed Oct 14, 2025: 39 risks under these headings, as written.⁴

• Substantial Doubt About Our Ability to Continue as a Going Concern
• Risks Related to Our Business and Industry
• We expect to rely on third-party manufacturers and will be dependent on their quality and effectiveness.
• Disruption of our supply chain could have an adverse impact on our business, financial condition, and results of operations.
• Inflation and price fluctuations of raw materials, energy and other inputs could adversely affect our business.
• We are currently operating in a period of economic uncertainty, which has been significantly impacted by geopolitical instability due to the ongoing conflicts in Ukraine and in the Middle East and heightened tensions resulting from recent attacks on shipping vessels in the Red Sea.
• Any current or future outbreak of a health epidemic or other adverse public health developments could disrupt our manufacturing and supply chain, and adversely affect our business and operating results.
• We have a history of losses, and we may not sustain profitability in the future.
• We have incurred and may in the future incur non-cash impairment charges.
• We may need additional funding and may be unable to raise additional capital when needed, which could adversely affect our results of operations and financial condition.
• Our inability to successfully manage growth through acquisitions, and the integration of acquired businesses, products or technologies may present significant challenges and could harm our operating results.
• If we fail to establish new sales and distribution relationships or maintain our existing relationships, or if our third party distributors and dealers fail to commit sufficient time and effort or are otherwise ineffective in selling our products, our results of operations and future growth could be adversely impacted.

Legal proceedings

There are no pending legal proceedings of a material nature to which we are a party or to which any of our property is the subject.

The opening of Item 3, Legal Proceedings.⁴