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Nano Magic Inc. – ‘8-K’ for 2/5/24

On:  Wednesday, 2/7/24, at 6:03am ET   ·   For:  2/5/24   ·   Accession #:  1493152-24-5190   ·   File #:  1-11602

Previous ‘8-K’:  ‘8-K’ on 10/24/23 for 10/20/23   ·   Next & Latest:  ‘8-K’ on / for 4/24/24   ·   1 Reference:  By:  Nano Magic Inc. – ‘10-K’ on 4/3/24 for 12/31/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/07/24  Nano Magic Inc.                   8-K:1,9     2/05/24   11:204K                                   M2 Compliance LLC/FA

Current Report   —   Form 8-K

Filing Table of Contents

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 1: 8-K         Current Report                                      HTML     31K 
 2: EX-10.1     Material Contract                                   HTML     15K 
 6: R1          Cover                                               HTML     42K 
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                Linkbase Document -- nmgx-20240205_pre                           
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                nmgx-20240205                                                    
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10: ZIP         XBRL Zipped Folder -- 0001493152-24-005190-xbrl      Zip     18K 


‘8-K’   —   Current Report


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 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):  i February 5, 2024

 

 i Nano Magic Inc.

(Exact name of registrant as specified in its charter)

 

 i Delaware    i 001-11602    i 47-1598792

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

 

 i 31601 Research Park Drive,  i Madison Heights,  i MI  i 48071

(Address of principal executive offices) (Zip Code)

 

 i (844)  i 736-6266

(Registrant’s telephone number, including area code)

 

 

Former name or former address, if changed since last report:

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of Each Exchange on Which Registered
 i Common Stock, $0.0001 par value    i NMGX   OTC Markets

 

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:

 

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On February 5, 202, the Board approved a one-year extension of the employment agreement with our Chief Executive Officer and President, Tom J. Berman. Under the terms of the extension, effective January 1, 2024, Mr. Berman will earn an annual salary of $225,000 and will be entitled to a profit bonus tied to 2024 revenue as well as a bonus if the EBITDA of the corporation is 20% or more. The specific bonus terms, including rights to payment of the profit bonus if the contract is terminated, are set forth in the extension included as an exhibit to this filing.

 

Item 9.01. Financial Statements and Exhibits.

 

d) Exhibits

 

Exhibit No.   Description
     
10.1   Exhibit B effective as of January 1, 2024 by and between Nano Magic Inc. and Tom Berman
104   Cover Page Interactive Data File (embedded within the inline XBRL document)

 

 

 

 

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.

 

  Nano Magic Inc.
     
Date: February 7, 2024 By: /s/ Tom J. Berman
    President & CEO


 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:2/7/24
For Period end:2/5/24SC 13D/A
1/1/24
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/03/24  Nano Magic Inc.                   10-K       12/31/23   82:6.8M                                   M2 Compliance LLC/FA
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