Current Report Filing (8-k)
23 February 2022 - 8:02AM
Edgar (US Regulatory)
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0001467761
2022-02-17
2022-02-17
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xbrli:shares
iso4217:USD
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 17, 2022
MINIM,
INC.
(Exact
Name of Registrant as Specified in Charter)
| Delaware |
|
001-37649 |
|
04-2621506 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
848
Elm Street
Manchester,
NH 03101
(Address
of principal executive offices, including zip code)
(833)
966-4646
(Registrant’s
Telephone Number, Including Area Code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act
| Title
of Each Class |
|
Trading
Symbol |
|
Name
of Each Exchange On Which Registered |
| Common
Stock, $.01 par value per share |
|
MINM |
|
The
Nasdaq Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Bonus
Payments
On
February 17, 2022, the Board of Directors (the “Board”) of Minim, Inc. (the “Company”) approved a cash bonus
payment and the grant of restricted stock units to the following Company officers for the Company’s annual performance in 2021:
| Name | |
Title | |
Cash Bonus Amount | | |
Restricted Stock Units* | |
| Gray Chynoweth | |
Chief Executive Officer | |
$ | 2,102 | | |
| 28,073 | |
| Sean Doherty | |
Chief Financial Officer | |
$ | 1,261.20 | | |
| 0 | |
| Nicole Zheng | |
President and Chief Marketing Officer | |
$ | 1,786.70 | | |
| 23,862 | |
*The
number of Restricted Stock Units granted was determined based upon a closing price of $1.35, which was the closing price of the Company’s
common stock on February 17, 2022.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
| Dated: |
February
22, 2022 |
MINIM,
INC. |
| |
|
|
|
| |
|
By: |
/s/
Graham Chynoweth |
| |
|
Name: |
Graham
Chynoweth |
| |
|
Title: |
Chief
Executive Officer |
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