{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-005190","form_type":"8-K","ticker":"NMGX","cik":"0000891417","company_name":"Nano Magic Inc.","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.197556+00:00","generated_at":"2026-06-06T07:33:12.428860+00:00","sec_items":["1.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Nano Magic extends CEO Tom Berman's contract through 2024 with $225K salary and performance bonuses","bullets":["CEO Tom Berman's employment agreement extended through December 31, 2024; annual salary set at $225,000.","Revenue bonus: cumulative bonuses from $50K at $5M revenue up to $250K at $10M+, payable quarterly.","Profit bonus: 5% of EBITDA, or 10% if EBITDA ≥20% of revenue, payable in cash/options.","Termination provisions: Revenue bonus remains eligible if not terminated for Cause; other benefits cease.","Effective date January 1, 2024; agreement supplements prior 2019 employment agreement as amended in 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-005190","json":"https://secwatch.observer/filing/0001493152-24-005190.json","markdown":"https://secwatch.observer/filing/0001493152-24-005190.md","text":"https://secwatch.observer/filing/0001493152-24-005190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/891417/000149315224005190/0001493152-24-005190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/891417/000149315224005190/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:33:12.428860+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}