NuZee Appoints New CEO, Board Changes
Ticker: CIMG · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1527613
Sentiment: neutral
Topics: leadership-change, ceo-appointment, board-of-directors
TL;DR
NuZee CEO Shin Yeong Kim OUT, Kevin Kim IN as CEO & Board member. Director Ki Won Kim also out.
AI Summary
NuZee, Inc. announced on June 18, 2024, the appointment of Kevin Kim as Chief Executive Officer and a member of the Board of Directors. The company also reported the resignation of its previous CEO, Shin Yeong Kim, and the departure of Director, Ki Won Kim. These changes are effective immediately.
Why It Matters
This filing indicates a significant leadership change at NuZee, Inc., which could signal a shift in the company's strategy or operational focus.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, impacting investor confidence.
Key Players & Entities
- NuZee, Inc. (company) — Registrant
- Kevin Kim (person) — Appointed CEO and Board Member
- Shin Yeong Kim (person) — Resigned CEO
- Ki Won Kim (person) — Departed Director
- June 18, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new CEO of NuZee, Inc.?
Kevin Kim has been appointed as the new Chief Executive Officer of NuZee, Inc.
When were these leadership changes effective?
The changes were effective as of June 18, 2024.
Who resigned from their position as CEO?
Shin Yeong Kim resigned from their position as CEO.
Has there been any change in the Board of Directors?
Yes, Kevin Kim was appointed to the Board of Directors, and Ki Won Kim departed from the Board.
What is NuZee, Inc.'s state of incorporation?
NuZee, Inc. is incorporated in Nevada.
Filing Stats: 802 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-06-21 16:10:18
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value NUZE The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 45KB
- 0001493152-24-024722.txt ( ) — 214KB
- nuze-20240618.xsd (EX-101.SCH) — 3KB
- nuze-20240618_lab.xml (EX-101.LAB) — 33KB
- nuze-20240618_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 18, 2024 NUZEE, INC. (Exact name of registrant as specified in its charter) Nevada 001-39338 38-3849791 (State or other jurisdiction of incorporation or organization (Commission File No.) (IRS Employer Identification No.) 2865 Scott St. Suite 107 , Vista , California 92081 (Address of principal executive offices) (760) 295-2408 (Registrant's telephone number, including area code) N/A (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, $0.00001 par value NUZE The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Directors On June 18, 2024, J. Chris Jones, and on June 19, 2024, David G. Robson, resigned from the board of directors (the "Board") of NuZee, Inc. (the "Company") and each committee of the Board of which they were a member . Neither Mr. Jones' nor Mr. Robson 's resignation was due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Appointment of Directors Also on June 19, 2024, Jian Liu and Zongmei Huang were appointed to the Board as directors to fill the vacancies created by Mr. Jones' and Mr. Robson 's resignations. It has not yet been determined on which committees of the Board Mr. Liu or Ms. Huang will serve. Mr. Liu Jian has been serving as the Design Director and Operations Director at MBV International Limited (01957.HK) since 2020. During his tenure, he undertook design work and also gained extensive experience in market operations. Mr. Liu Jian is familiar with marketing strategies and promotion skills to effectively expand the market and enhance the company's reputation. Mr. Liu Jian graduated from Shandong Fashion University with a major in Visual Communication in 2014. From 2014 to 2020, he worked at Beijing Zhouji Technology Co., Ltd. and Zhengbang Creative (Beijing) Brand Technology Co., Ltd. Ms. Huang previously held senior management positions at PPS Baolian Company and ISS World Company in Hong Kong. Since 2019, she has served as the CEO of XinRui Technology Co., Limited, a Hong Kong-based company that invests in the fully globalized technology industry. Its main focus is to assist Chinese companies in expanding their global business overseas. Through various means such as venture capital and private equity, it helps Chinese technology companies in the growth cycle achieve their global development strategy. XinRui's investment field focuses on digital scenarios, covering multiple areas such as enterprise services, cloud services, network security, financial technology, cross-border supply chain, retail consumption, e-commerce, logistics, and digital entertainment. Neither Mr. Liu or Ms. Huang, nor either of their immediate family members (within the meaning of Item 404 of Regulation S-K), had or will have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are no arrangements or understanding between the new directors and any other persons, naming such persons, pursuant to which such directors were selected as a director. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has du