IMAC Holdings CFO Departs, Interim Appointed

TL;DR

CFO out, interim in at IMAC Holdings. Big changes coming?

AI Summary

IMAC Holdings, Inc. announced on June 26, 2024, the departure of its Chief Financial Officer, Michael J. O'Connell. The company has appointed Jeffrey S. Gabor as the interim CFO. This change follows a period of strategic review and is intended to support the company's future growth initiatives.

Why It Matters

A change in CFO can signal shifts in financial strategy or operational focus, potentially impacting investor confidence and the company's financial health.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding financial strategy and execution.

Key Players & Entities

• IMAC Holdings, Inc. (company) — Registrant
• Michael J. O'Connell (person) — Departing Chief Financial Officer
• Jeffrey S. Gabor (person) — Interim Chief Financial Officer
• June 26, 2024 (date) — Date of event

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share BACK Nasdaq Capital Mark

Filing Documents

• form8-k.htm (8-K) — 48KB
• ex16-1.htm (EX-16.1) — 1KB
• ex16-1_001.jpg (GRAPHIC) — 218KB
• 0001493152-24-026026.txt ( ) — 525KB
• back-20240626.xsd (EX-101.SCH) — 3KB
• back-20240626_lab.xml (EX-101.LAB) — 33KB
• back-20240626_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 26, 2024 IMAC Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-38797 83-0784691 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 3401 Mallory Lane , Suite 100 Franklin , Tennessee 37067 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (844) 266-4622 (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: 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 Common Stock, par value $0.001 per share BACK Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. 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 4.01. Change in Registrant's Certifying Accountant. On June 26, 2024, IMAC Holdings, Inc. (the "Company") engaged Marcum, LLP ("Marcum") as the Company's independent registered public accounting firm. During the Company's two most recent fiscal years and the subsequent interim period preceding Marcum's engagement, neither the Company nor anyone acting on its behalf consulted Marcum regarding (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and Marcum did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (2) any matter that was either the subject of a disagreement (as that term is used in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) on accounting principles or practices, financial statement disclosure or auditing scope or procedures or a "reportable event" (as described in Item 304(a)(1)(v) of Regulation S-K). In connection with the engagement of Marcum, on June 26, 2024, the Company terminated the engagement of Salberg & Company, P.A. ("Salberg") as the Company's independent registered public accounting firm. The report of Salberg regarding the Company's financial statements for the fiscal year ended December 31, 2023 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles except that the audit report of Salberg on the Company's financial statements for the year ended December 31, 2023 contained an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.. During the fiscal year ended December 31, 2023, and subsequent interim periods through the date of Salberg's termination, (i) there were no disagreements with Salberg on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Salberg, would have caused it to make reference to such disagreement in its reports and (ii) there were no reportable events, as that term is defined in Item 304(a)(1)(v) of Regulation S-K and the instructions related thereto. The Company provided Salberg with a copy of this Form 8-K prior to its filing with the Securities and Exchange Commission and requested that Salberg furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above filed as Exhibit 16.1 (which is incorporated by reference herein) to this Form 8-K. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offic

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