IMAC Holdings President resigns; Paducah assets sold to related party for ~$80K

IMAC Holdings, Inc.

Matthew C. Wallis resigned as President effective Nov 24, 2023; remains on Board.
CEO Jeffrey Ervin assumes Wallis' management responsibilities.
Subsidiaries sold Paducah, KY assets to The Regenerative Center, LLC for approx $79,700.
Buyer is owned by Wallis; assumed real estate lease liability and indemnified the company.
Sale is a related-party transaction; small value relative to company.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Matthew C. Wallis

President

BACK · IMAC Holdings, Inc.

Effective: 2023-11-24
Filed: November 30, 2023, 6:59 PM ET

On November 24, 2023, Matthew C. Wallis, DC notified the Company of his resignation as the Company’s President, effective as of that date.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew C. Wallis resigned as President at IMAC Holdings, Inc..

Action: resigned
Role: President

Exact text from the filing

On November 24, 2023, Matthew C. Wallis, DC notified the Company of his resignation as the Company’s President, effective as of that date.

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IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-043255

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