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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: July 7, 2023

 

ITEM 9 LABS CORP.

(Exact name of registrant as specified in its charter)

 

Delaware   000-54730   96-0665018
(State or other jurisdiction   (Commission File Number)   (IRS Employer Identification No.)
of incorporation)        

  

2111 E. Highland Ave., Suite B375, Phoenix, AZ 85016

(Address of principal executive offices and zip code)

 

1-833-867-6337

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

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 (see General Instruction A.2. below):

 

☐ 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))

 

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. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered

 

 

Item 5.02 Departure of Directions or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer

 

Robert Mikkelsen – Separation and Consulting

 

On June 30, 2023, as part of the Company’s overall restructuring strategy, Mr. Mikkelsen and the Company agreed to terminate Mr. Mikkelsen’s employment agreement and enter into a consulting agreement whereby Mr. Mikkelsen will continue to serve as the Company’s Chief Financial Officer. The original term of the consulting agreement is ninety (90) days and is extendable upon mutual agreement. Total compensation under the agreement is $20,000 monthly, 50% of which will be paid during the engagement period, and the remaining amount will be deferred for six months. As part of the separation agreement between Mr. Mikkelsen and the Company, Mr. Mikkelsen’s severance will be deferred for Ninety (90) days at which time severance payments of $10,000 monthly will be paid for twelve (12) months. The separation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

 

 

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.

 

  ITEM 9 LABS CORP.  
     
Dated: July 7, 2023 By: /s/ Robert Mikkelsen
    Robert Mikkelsen
    Chief Financial Officer

 

 

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Entity File Number 000-54730
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Entity Central Index Key 0001500123
Entity Tax Identification Number 96-0665018
Entity Incorporation, State or Country Code DE
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Entity Address, Address Line Two Suite B375
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