secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K
Filed at:   2026-07-30T21:00:55+00:00
Accession:  0001213900-26-083402
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LogicMark sells 250K Series J Preferred at $1.00; conversion at 50% of lowest 30-day price; new CEO/CFO contracts
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- Sold 250,000 Series J Preferred Shares to White Lion Capital at $1.00/share; stated value $1.28; convertible after Oct 30, 2026 at 50% of lowest 30-day trading price.
- CEO Chia-Lin Simmons: $537,500 base salary, up to 100% bonus, must hold 6% of outstanding common via restricted shares; single-trigger acceleration on change of control.
- CFO Mark Archer: $572,000 base salary, discretionary bonus, must hold 2% of outstanding common via restricted shares; 18-month severance for termination without cause.
- Preferred shares rank senior to common, junior to Series C; 2 votes per share; no dividends; one-time redemption right on Oct 30, 2026.
- Registration rights agreement requires filing resale registration statement within 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390026083402/0001213900-26-083402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390026083402/ea0298516-8k_logic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-083402

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