---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-069413"
form_type: "8-K"
ticker: "LGMK"
cik: "0001566826"
company_name: "LogicMark, Inc."
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T06:54:23.805957+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LogicMark receives Nasdaq deficiency notice for minimum bid price; enters new CEO employment agreement

## Summary
- Nasdaq notified LogicMark of non-compliance with $1.00 minimum bid price; 180-day cure period until May 1, 2023.
- Closing bid price below $1.00 for 30 consecutive business days; shares continue trading on Nasdaq Capital Market.
- New employment agreement with CEO Chia-Lin Simmons effective June 14, 2022, through August 31, 2025.
- CEO base salary $500,000; annual bonus up to 100% of base; restricted stock grants to maintain 6% ownership.
- If compliance not regained by May 1, 2023, may qualify for second 180-day compliance period.

## SEC filing metadata
- accession: 0001213900-22-069413
- form_type: 8-K
- ticker: LGMK
- cik: 0001566826
- company_name: LogicMark, Inc.
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566826/000121390022069413/0001213900-22-069413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566826/000121390022069413/ea168075-8k_logicmark.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-069413
- JSON: https://secwatch.observer/filing/0001213900-22-069413.json
- Plain text: https://secwatch.observer/filing/0001213900-22-069413.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.