secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001654954-23-008875
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scientific Industries enters employment agreement with CFO Reginald Averilla through June 2025
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- CFO Reginald Averilla employment agreement effective July 1, 2023 through June 30, 2025.
- Base annual salary of $195,000 with discretionary 10% bonus by Board of Directors.
- Includes a 12-month post-termination noncompete covenant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495423008875/0001654954-23-008875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495423008875/scnd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-008875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer