CIMG Inc. Reports Board Changes and Executive Compensation Updates
Ticker: CIMG · Form: 8-K · Filed: Jan 15, 2025 · CIK: 1527613
Sentiment: neutral
Topics: management-change, executive-compensation
TL;DR
CIMG Inc. shook up its board and exec pay structure on Jan 9th.
AI Summary
CIMG Inc. announced on January 9, 2025, 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 adjustments to compensatory arrangements for key executives. Specific details regarding the financial impact of these changes were not immediately available in this initial filing.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial priorities, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership effectiveness.
Key Players & Entities
- CIMG Inc. (company) — Registrant
- January 9, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- NuZee, Inc. (company) — Former company name
- Havana Furnishings Inc. (company) — Former company name
FAQ
What specific roles have been affected by the departure of officers and directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in this section.
Who are the newly elected directors?
The filing mentions the election of new directors but does not list their names in this summary section.
What are the details of the compensatory arrangements for the officers?
The filing notes adjustments to compensatory arrangements for certain officers, but the specific details are not provided in this initial report.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 9, 2025.
What is CIMG Inc.'s state of incorporation?
CIMG Inc. is incorporated in Nevada.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2025-01-15 16:10:12
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value IMG The Nasdaq Stock Mark
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-25-002372.txt ( ) — 204KB
- img-20250109.xsd (EX-101.SCH) — 3KB
- img-20250109_lab.xml (EX-101.LAB) — 33KB
- img-20250109_pre.xml (EX-101.PRE) — 24KB
- 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 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 9, 2025 CIMG 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.) 6107, 6 th Floor, Building C4, No.1 Huangchang West Road , Dougezhuang , Chaoyang District , Beijing , China, 100124 (Address of principal executive offices) + 86 18518579917 (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 IMG 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. On January 9, 2025, Jian Liu, a member of the Board of Directors (the "Board") of CIMG Inc. (the "Company"), notified the Company of his resignation from the Board, including his positions as a member of the audit committee, compensation committee, and nominating and corporate governance committee, effective immediately. Mr. Liu decision to resign from the Board was not the result of a disagreement with the Company on any matter relating to the Company's operations, accounting policies or practices. 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 duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CIMG Inc. Dated: January 15, 2025 By: /s/ Jianshuang Wang Name: Jianshuang Wang Title: Chief Executive Officer