8-K
filed July 15, 2021, 7:59 PM ET
ticker LGMK
CIK 0001566826
leadership
confidence high
sentiment negative
materiality 0.70
Nxt-ID terminates CEO/CFO Miceli for cause; dispute over termination basis
LogicMark, Inc.
- Company terminated Vincent S. Miceli as CEO and CFO for 'Cause' on July 10, 2021.
- Miceli asserts resignation for 'Good Reason' citing company breach; dispute ongoing.
- Chia-Lin Simmons had been appointed CEO effective June 14, 2021, replacing Miceli.
- Company is considering legal remedies; outcome uncertain and could materially affect operations.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vincent S. Miceli was terminated as Chief Financial Officer at LogicMark, Inc..
- Action
- terminated
- Role
- Chief Financial Officer
Exact text from the filing
the Company provided Mr. Miceli with a letter (the “Employment Termination Letter”), in which the Company informed Mr. Miceli that it was terminating the Employment Agreement, his services as Chief Executive Officer and Chief Financial Officer of the Company and his employment, for “Cause”.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chia-Lin Simmons was appointed as Chief Executive Officer at LogicMark, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Company’s board of directors (“Board”) appointed Chia-Lin Simmons to the roles of Chief Executive Officer of the Company and member of the Board, effective June 14, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vincent S. Miceli was terminated as Chief Executive Officer at LogicMark, Inc..
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
the Company provided Mr. Miceli with a letter (the “Employment Termination Letter”), in which the Company informed Mr. Miceli that it was terminating the Employment Agreement, his services as Chief Executive Officer and Chief Financial Officer of the Company and his employment, for “Cause”.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chia-Lin Simmons was appointed as Director at LogicMark, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company’s board of directors (“Board”) appointed Chia-Lin Simmons to the roles of Chief Executive Officer of the Company and member of the Board, effective June 14, 2021.
View on SEC.gov
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