---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-001000"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T10:30:40.091623+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CEO Levy gets $375K salary, 150K options; McGuire named CFO

## Summary
- Adam Levy's 2025 employment agreement: base salary $375K (up $50K), 26,116 shares grant, 150K stock options at $3.829.
- Joseph McGuire appointed CFO effective Jan 1, 2025; salary $200K, 100K stock options at $3.829.
- Prior CFO Adam Drapczuk resigns effective Jan 1, 2025; will remain as consultant.
- Levy's option vests 37,500 shares annually over 4 years; McGuire's vests over September 2025 and monthly thereafter.
- Levy eligible for performance bonuses tied to EBITDA and stock price thresholds up to $75K cash and 115K shares.

## SEC filing metadata
- accession: 0001493152-25-001000
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315225001000/0001493152-25-001000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315225001000/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-001000
- JSON: https://secwatch.observer/filing/0001493152-25-001000.json
- Plain text: https://secwatch.observer/filing/0001493152-25-001000.txt

## Key facts
- Executive change
  Joseph F. McGuire was appointed as Chief Financial Officer at NEXGEL, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Joseph F. McGuire Appointment as Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315225001000/0001493152-25-001000-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.