NuZee appoints Patrick Shearer as CFO; CEO granted performance-based options

CIMG Inc.

Patrick Shearer named CFO effective July 2, 2021; base salary $250,000 with 50% target bonus.
Shearer received 200,000 stock options at $3.12/share, vesting over three years.
Outgoing CFO Shanoop Kothari to resign by Aug 16, 2021; 50,737 restricted shares accelerate upon timely 10-Q filing.
CEO Masateru Higashida awarded $75,000 deferred bonus for FY2020; FY2022 bonus target $105,000, max $210,000.
CEO granted up to 896,743 performance-based options at $3.12/share tied to earnings targets for FY2022-2024.

item 5.02 item 7.01 item 9.01

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Appointed

Patrick Shearer

Chief Financial Officer

CIMG · CIMG Inc.

Effective: 2021-07-02
Filed: July 7, 2021, 7:59 PM ET

On July 2, 2021 (the “Commencement Date”), NuZee, Inc. (the “Company”) appointed Patrick Shearer to be the Company’s new Chief Financial Officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Shearer was appointed as Chief Financial Officer at CIMG Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 2, 2021 (the “Commencement Date”), NuZee, Inc. (the “Company”) appointed Patrick Shearer to be the Company’s new Chief Financial Officer, effective immediately.

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Source: SEC EDGAR

accession 0001493152-21-016299

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