Form 8-K - Current report
07 July 2023 - 6:10AM
Edgar (US Regulatory)
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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):
June 30, 2023
_________________________________________________
SCIENTIFIC INDUSTRIES, INC. |
(Exact name of registrant as specified in its charter) |
Delaware | | 000-6658 | | 04-2217279 |
(State or other Jurisdiction) | | (Commission File Number) | | (IRS Employer No.) |
80 Orville Drive
Bohemia, New York 11716
(Address of principal executive offices)
(631) 567-4700
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 30, 2023, the Company entered into an employment agreement, effective as of July 1, 2023, with Reginald Averilla, its Chief Financial Officer. The agreement provides continued employment through June 30, 2025 for a base annual salary of $195,0000, a 10% bonus at the discretion of the Board of Directors of the Company and a 12-month post termination noncompete covenant.
ITEM 9.01 Financial Statements and Exhibits
(a),(b),(c) not applicable
(d) Exhibits
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.
| SCIENTIFIC INDUSTRIES, INC. |
| | | |
Date: July 6, 2023 | By: | /s/ Helena R. Santos | |
| | Helena R. Santos, | |
| | President and Chief Executive Officer | |
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