Neuraxis Appoints New Directors, Adjusts Executive Pay
Ticker: NRXS · Form: 8-K · Filed: Jul 5, 2024 · CIK: 1933567
| Field | Detail |
|---|---|
| Company | Neuraxis, INC (NRXS) |
| Form Type | 8-K |
| Filed Date | Jul 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $2.78, $12,500, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
Neuraxis shakes up board, inks new exec pay deals for CEO & CFO.
AI Summary
Neuraxis, Inc. announced on June 28, 2024, changes in its board of directors and executive compensation. The company appointed two new directors, Dr. David L. Bear and Mr. Michael J. O'Neill, and also entered into new employment agreements with its Chief Executive Officer, Dr. Robert L. White, and Chief Financial Officer, Mr. David L. Bear. These agreements detail compensation packages and severance benefits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty regarding future strategy and financial performance.
Key Players & Entities
- Neuraxis, Inc. (company) — Registrant
- Dr. David L. Bear (person) — Appointed Director and potentially involved in compensation discussions
- Mr. Michael J. O'Neill (person) — Appointed Director
- Dr. Robert L. White (person) — Chief Executive Officer
- Mr. David L. Bear (person) — Chief Financial Officer
- June 28, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors appointed to the Neuraxis, Inc. board?
Dr. David L. Bear and Mr. Michael J. O'Neill were appointed as new directors.
What is the effective date of the reported events?
The earliest event reported is dated June 28, 2024.
Which executive officers entered into new employment agreements?
Dr. Robert L. White, the Chief Executive Officer, and Mr. David L. Bear, the Chief Financial Officer, entered into new employment agreements.
What is Neuraxis, Inc.'s state of incorporation?
Neuraxis, Inc. is incorporated in Delaware.
What is the principal executive office address for Neuraxis, Inc.?
The principal executive offices are located at 11611 N. Meridian St, Suite 330, Carmel, IN 46032.
Filing Stats: 679 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-05 16:20:16
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value NRXS NYSE American Indi
- $2.78 — ce of the common stock on June 28 th of $2.78 per share. The Company has agreed to
- $12,500 — shares of common stock with a value of $12,500, for total equity compensation of $50,0
- $50,000 — 2,500, for total equity compensation of $50,000 per year. The Grantees each entered i
Filing Documents
- form8-k.htm (8-K) — 37KB
- ex10-1.htm (EX-10.1) — 39KB
- 0001493152-24-026362.txt ( ) — 255KB
- nrxs-20240628.xsd (EX-101.SCH) — 3KB
- nrxs-20240628_lab.xml (EX-101.LAB) — 33KB
- nrxs-20240628_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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 hereunto duly authorized. Date: July 5, 2024 NEURAXIS, INC. By: /s/ Brian Carrico Name: Brian Carrico Title: President and Chief Executive Officer