secwatch.observer — SEC 8-K summary
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Issuer:     XMax Inc. (XWIN)
CIK:        0001473334
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001493152-26-018564
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

XMax Renews CEO Xiaohua Lu's Employment for One Year at $80,000 Salary
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- CEO Xiaohua Lu's employment agreement renewed for a one-year term starting April 21, 2026.
- Annual salary set at $80,000, payable monthly, with eligibility for discretionary annual cash bonus.
- Agreement includes non-competition for 6 months post-termination and non-solicitation of employees/customers.
- Executive entitled to 12 days paid vacation, expense reimbursement, and participation in employee benefit plans.
- Company may terminate for cause (e.g., misconduct, breach) with only accrued salary owed; no severance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226018564/0001493152-26-018564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473334/000149315226018564/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-018564

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