Focus Universal Inc. Appoints New Director, Discloses Officer Compensation
Ticker: FCUV · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1590418
Sentiment: neutral
Topics: board-changes, officer-compensation
TL;DR
Focus Universal Inc. adds a new director, Jianhua Wu, and updates officer pay details.
AI Summary
On June 12, 2024, Focus Universal Inc. announced changes to its board of directors, appointing Mr. Jianhua Wu as a new director. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on officer compensation are crucial for understanding executive incentives and potential dilution.
Risk Assessment
Risk Level: medium — Board changes and compensation disclosures can impact investor confidence and stock performance, requiring careful monitoring.
Key Players & Entities
- Focus Universal Inc. (company) — Registrant
- Jianhua Wu (person) — Newly appointed director
FAQ
What is the effective date of the reported changes?
The earliest event reported is dated June 12, 2024.
Who is the new director appointed to the board?
Mr. Jianhua Wu has been appointed as a new director.
What is the principal executive office address of Focus Universal Inc.?
The principal executive offices are located at 2311 East Locust Street, Ontario, California 91761.
What is the company's state of incorporation?
Focus Universal Inc. is incorporated in Nevada.
What is the SIC code for Focus Universal Inc.?
The Standard Industrial Classification code is 3823, for Industrial Instruments for Measurement, Display, and Control.
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 12.3 · Accepted 2024-06-17 13:36:58
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share FCUV The Nasdaq S
Filing Documents
- focus_8k.htm (8-K) — 24KB
- 0001683168-24-004261.txt ( ) — 192KB
- fcuv-20240612.xsd (EX-101.SCH) — 3KB
- fcuv-20240612_lab.xml (EX-101.LAB) — 33KB
- fcuv-20240612_pre.xml (EX-101.PRE) — 22KB
- focus_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 12, 2024, Warren Wang notified Focus Universal Inc. (the "Company") of his decision to resign as its Vice President and Chief Strategy Officer, effective immediately. Mr. Wang's decision to resign from the Company was solely for personal reasons and not related to any disagreement with the Company on any matter relating to its operations, policies or practices. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 17, 2024 FOCUS UNIVERSAL, INC. By: /s/ Desheng Wang Name: Desheng Wang Title: Chief Executive Officer 2