NuZee, Inc. Reports Director Changes and Compensation Updates
Ticker: CIMG · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1527613
| Field | Detail |
|---|---|
| Company | Nuzee, INC. (CIMG) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
NuZee's board and exec pay got a shake-up on Sept 4th.
AI Summary
NuZee, Inc. announced on September 4, 2024, changes 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 adjustments to compensatory arrangements for key personnel. This 8-K filing provides updates on the company's governance and compensation structure.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, leadership stability, and future financial performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can indicate internal restructuring or strategic shifts that may carry inherent risks.
Key Players & Entities
- NuZee, Inc. (company) — Registrant
- September 4, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific roles have seen departures or appointments?
The filing indicates the departure of certain officers and directors and the election of new directors, though specific names and roles beyond general categories are not detailed in this excerpt.
What is the exact date of the earliest event reported in this 8-K?
The earliest event reported is dated September 4, 2024.
In which U.S. state was NuZee, Inc. incorporated?
NuZee, Inc. was incorporated in Nevada.
What is the primary business classification for NuZee, Inc. according to the SIC code?
NuZee, Inc. is classified under RETAIL-MISCELLANEOUS RETAIL [5900].
What other former company names has NuZee, Inc. used?
NuZee, Inc. was formerly known as Havana Furnishings Inc. and Havanna Furnishings Inc., with name changes occurring on August 15, 2011, and August 9, 2011, respectively.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-09-09 16:10:16
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) — 42KB
- ex10-1.htm (EX-10.1) — 2KB
- ex10-1_image01.jpg (GRAPHIC) — 1199KB
- ex10-1_image02.jpg (GRAPHIC) — 765KB
- 0001493152-24-035467.txt ( ) — 2916KB
- nuze-20240904.xsd (EX-101.SCH) — 3KB
- nuze-20240904_lab.xml (EX-101.LAB) — 33KB
- nuze-20240904_pre.xml (EX-101.PRE) — 24KB
- 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): September 4, 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. Appointment of Acting Chief Financial Officer On September 4, 2024, the Board of Directors (the "Board") of NuZee, Inc. (the "Company") appointed Ms. Zhanzhan Shi to be the Company's new Acting Chief Financial Officer, effective immediately. Ms. Zhanzhan Shi, 36, has specialized in the financial field for 12 years, and previously worked as an accounts payable accountant, general ledger accountant, financial supervisor, financial manager, and IPO compliance consulting consultant, with experience in financial management of enterprises quoted on exchanges in Mainland China. Ms. Shi has substantial experience in fund and asset management, cost accounting, report analysis, consolidated report preparation, tax planning, internal control and other work, familiar with import and export foreign exchange business, financial management system construction and practical operation and maintenance of various financial software, proficient in overall accounting processing and financial management of manufacturing and e-commerce. Ms. Shi previously served as the financial director at Beijing Alita Commercial Co., Ltd., Zhicheng Technology (Co., Ltd.), and Shenzhen Green Leopard Medical Technology Co., Ltd. from 2012 to 2024. Ms. Shi graduated from Wuhan College of Zhongnan University of Economics and Law in 2010. The full text of Ms. Shi's employment agreement with the Company is attached hereto as Exhibit 10.1 and incorporated herein by reference. Neither Ms. Shi nor any of her 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 Ms. Shi and any other persons, pursuant to which Ms. Shi was selected as the acting chief financial officer. There are no family relationships between Ms. Shi and any other director or executive officer of the Company. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 Employment Agreement of Acting Chief Financial Officer 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 duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NUZEE, INC. Dated: September 9, 2024 By: /s/ Jianshuang Wang Name: Jianshuang Wang Title: Chief Executive Officer and Director