secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001493152-24-023001
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuZee sells Korean and Japanese subs for $10K; founder-CEO resigns, new board and co-CEOs
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- Sold all shares of NuZee KOREA Ltd and NuZee Investment Co., Ltd to Masateru Higashida for $10,000.
- Masateru Higashida resigned as Chairman, CEO, Secretary, Treasurer; Kevin Conner resigned from board.
- Jianshuang Wang appointed Chairman and Co-CEO; Yanli Hou appointed as director.
- Randell Weaver appointed Co-CEO, Secretary, Treasurer; new employment with $325K salary, $162.5K bonus, $243.75K RSUs.
- Higashida termination agreement: $175.5K cash and $175.5K RSUs, vesting April 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315224023001/0001493152-24-023001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315224023001/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023001

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