---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-016299"
form_type: "8-K"
ticker: "CIMG"
cik: "0001527613"
company_name: "CIMG Inc."
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T06:54:48.456970+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-016299
- form_type: 8-K
- ticker: CIMG
- cik: 0001527613
- company_name: CIMG Inc.
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527613/000149315221016299/0001493152-21-016299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527613/000149315221016299/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-016299
- JSON: https://secwatch.observer/filing/0001493152-21-016299.json
- Plain text: https://secwatch.observer/filing/0001493152-21-016299.txt

## Key facts
- Executive change
  Patrick Shearer was appointed as Chief Financial Officer at CIMG Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527613/000149315221016299/0001493152-21-016299-index.htm

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