secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001493152-22-005312
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/0001493152-22-005312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315222005312/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005312

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