secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001493152-23-008366
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

NuZee shareholders reject reincorporation amendment; CEO, CFO get restricted stock
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- Proposal to reincorporate failed (219,798 for, 1,699 against, 168,858 broker non-votes); board did not adjourn.
- CEO Higashida granted 13,970 restricted shares valued at $170,573; interim CFO Bowman granted 1,638 shares valued at $20,000.
- Shares vest based on FY2023 and FY2024 performance metrics (cash, sales growth, gross margin, operating losses).
- All other proposals passed: director election, 2023 equity plan, advisory pay vote, auditor ratification.
- Annual Meeting held March 16, 2023; 691,088 shares outstanding as of record date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315223008366/0001493152-23-008366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315223008366/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008366

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