secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001493152-23-028854
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuZee appoints Randell Weaver as CFO; base salary $225,000 plus equity awards
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- Appointed Randell Weaver as CFO effective August 11, 2023; he has over 30 years experience including three prior public company CFO roles.
- Employment agreement provides $225,000 annual base salary and target annual bonus of 50% of base salary.
- Initial equity award: options to purchase 6,000 shares and 6,000 restricted shares, each vesting over three years.
- Severance: one times base salary plus prorated bonus if terminated without cause; change in control triggers 1.5 times.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315223028854/0001493152-23-028854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315223028854/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028854

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