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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): July 29, 2024

 

Nano Magic Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-11602   47-1598792

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File No.)

  

(I.R.S. Employer

Identification No.)

 

31601 Research Park Drive, Madison Heights, MI 48071

(Address of principal executive offices) (Zip Code)

 

(844) 736-6266

(Registrant’s telephone number, including area code)

 

 

Former name or former address, if changed since last report:

 

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, $0.0001 par value   NMGX   OTC Markets

 

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))

 

 

 

 
 

 

Item 5.02 Compensatory Arrangements of Certain Officers

 

On July 29, 2024, the Board granted options to our Chief Executive Officer and President, Tom J. Berman and our Chief Financial Officer, Leandro Vera. Mr. Berman was granted 250,000 options that vested on date of grant, 250,000 that will vest on December 31, 2024, and up to an additional one million options that will only vest if the Board elects to use options to pay some or all of a profit bonus based on Company EBITDA that he may earn under his contract. These options will expire 5 years from date of vesting and are at an exercise price of $0.31 per share. Mr. Vera was granted 60,000 options, half vested on date of grant and the rest vesting ratably over the rest of 2024. All these options expire on December 31, 2029 and have an exercise price of $0.31 per share. 

 

 
 

 

SIGNATURES

 

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.

 

  Nano Magic Inc.
     
Date: July 30, 2024 By: /s/ Tom J. Berman
    President & CEO

 

 

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Cover
Jul. 29, 2024
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Document Type 8-K
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Document Period End Date Jul. 29, 2024
Entity File Number 001-11602
Entity Registrant Name Nano Magic Inc.
Entity Central Index Key 0000891417
Entity Tax Identification Number 47-1598792
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 31601 Research Park Drive
Entity Address, City or Town Madison Heights
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48071
City Area Code (844)
Local Phone Number 736-6266
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Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol NMGX
Nano Magic (QB) (USOTC:NMGX)
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