IMAC Holdings appoints Dr. Ben Lerner as COO; Dr. Wallis resigns as COO, remains President

IMAC Holdings, Inc.

Dr. Ben Lerner appointed COO effective Feb 21, 2022; three-year employment term.
Annual base salary $300k; $25k signing bonus; 100k restricted shares; 50k options at $1.06 strike.
Dr. Matthew C. Wallis resigned as COO, remains President and board member; no disagreement.
Additional bonuses: $2,500/share per clinic positive net income in Q3 2022; franchise fee incentives.
Employment agreement includes non-compete, confidentiality, and termination provisions.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Dr. Matthew C. Wallis

Chief Operating Officer

BACK · IMAC Holdings, Inc.

Effective: 2022-02-21
Successor: Dr. Ben Lerner
Filed: February 24, 2022, 6:59 PM ET

President Dr. Matthew C. Wallis (who resigned the title of Chief Operating Officer to bring in Dr. Lerner)

Appointed

Dr. Ben Lerner

Chief Operating Officer

BACK · IMAC Holdings, Inc.

Effective: 2022-02-21
Filed: February 24, 2022, 6:59 PM ET

Effective February 21, 2022, Dr. Ben Lerner was appointed to be our Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Matthew C. Wallis resigned as Chief Operating Officer at IMAC Holdings, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

President Dr. Matthew C. Wallis (who resigned the title of Chief Operating Officer to bring in Dr. Lerner)

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Ben Lerner was appointed as Chief Operating Officer at IMAC Holdings, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Effective February 21, 2022, Dr. Ben Lerner was appointed to be our Chief Operating Officer.

View on SEC.gov

IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-005312

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.