---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027949"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2026-06-09T20:50:26+00:00"
generated_at: "2026-06-09T20:51:17.929985+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FG Nexus reduces two digital asset execs base salaries from $150k to $30k

## Summary
- Head of BD Jose Vargas and President Theodore Rosenthal base salary cut from $150k to $30k annually effective May 11, 2026 due to scaled-down digital asset ops.
- Repurchased ~2.98M common shares (35% of outstanding) at avg $13.62/share and 264,465 Series A Preferred (30%) at avg $24.97/share.
- As of June 5, 2026: 5.74M common shares, 630k Preferred outstanding; held $36.1M cash and $20.3M digital assets (3,375 ETH and 7,569 Wrapped stETH).

## SEC filing metadata
- accession: 0001493152-26-027949
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2026-06-09T20:50:26+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315226027949/0001493152-26-027949-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315226027949/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027949
- JSON: https://secwatch.observer/filing/0001493152-26-027949.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027949.txt

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