secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0001493152-23-043255
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223043255/0001493152-23-043255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223043255/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043255

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer