Axil Brands Inc. Reports Board Changes and Executive Compensation Updates
Ticker: AXIL · Form: 8-K · Filed: May 29, 2024 · CIK: 1718500
| Field | Detail |
|---|---|
| Company | Axil Brands, Inc. (AXIL) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
Axil Brands shakes up board, adjusts exec pay. Big changes coming?
AI Summary
Axil Brands, Inc. announced on May 28, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial priorities that may impact future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect the company's future direction and stability.
Key Players & Entities
- Axil Brands, Inc. (company) — Registrant
- May 28, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 901 Fremont Avenue, Unit 158, Alhambra, CA 91803 (address) — Principal executive offices
- Reviv3 Procare Co (company) — Former company name
FAQ
Who departed from Axil Brands, Inc.'s board or officer positions?
The filing indicates the departure of certain officers and directors, though specific names are not detailed in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 28, 2024.
What is the principal executive office address for Axil Brands, Inc.?
The principal executive office is located at 901 Fremont Avenue, Unit 158, Alhambra, CA 91803.
What was Axil Brands, Inc.'s former company name?
The company's former name was Reviv3 Procare Co.
What specific items are covered under the 'ITEM INFORMATION' section of this 8-K?
The filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-29 06:00:20
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share AXIL The NYSE American LL
Filing Documents
- axil-20240528_8k.htm (8-K) — 23KB
- axil-20240528_8kex10z1.htm (EX-10.1) — 33KB
- axil-20240528_8kex10z2.htm (EX-10.2) — 20KB
- 0001520138-24-000217.txt ( ) — 265KB
- axil-20240528.xsd (EX-101.SCH) — 3KB
- axil-20240528_lab.xml (EX-101.LAB) — 34KB
- axil-20240528_pre.xml (EX-101.PRE) — 22KB
- axil-20240528_8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. 10.1* Separation Agreement and Release, dated May 28, 2024, between AXIL Brands, Inc. and Monica Diaz Brickell. 10.2* Consulting Agreement, dated May 28, 2024, between AXIL Brands, Inc. and Monica Diaz Brickell. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Management compensatory plan or arrangement.
SIGNATURES
SIGNATURES 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 hereunto duly authorized. AXIL BRANDS, INC. Date: May 29, 2024 By: /s/ Jeff Toghraie Name: Jeff Toghraie Title: Chief Executive Officer