---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-005312"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:56:00.350663+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-005312
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/0001493152-22-005312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-005312
- JSON: https://secwatch.observer/filing/0001493152-22-005312.json
- Plain text: https://secwatch.observer/filing/0001493152-22-005312.txt

## Key facts
- Executive change
  Dr. Matthew C. Wallis resigned as Chief Operating Officer at IMAC Holdings, Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: President Dr. Matthew C. Wallis (who resigned the title of Chief Operating Officer to bring in Dr. Lerner)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/0001493152-22-005312-index.htm
- Executive change
  Dr. Ben Lerner was appointed as Chief Operating Officer at IMAC Holdings, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Effective February 21, 2022, Dr. Ben Lerner was appointed to be our Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/0001493152-22-005312-index.htm

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