XMax Inc. (NASDAQ: NVFY) names Matthew Beck director as La exits

Rhea-AI Filing Summary

XMax Inc. reported changes to its Board of Directors. On January 5, 2026, the Board appointed Matthew Beck, age 41, as a new independent director under NASDAQ Rule 5605(a)(2). Beck has recent experience as Co-Founder and director of Endcap, a SaaS advisory firm, and has held sales and regional leadership roles at several software companies.

In a Director Agreement dated January 6, 2026, Beck is entitled to $1,880 in monthly compensation, plus expenses, and is subject to customary confidentiality and non-disclosure obligations. On January 8, 2026, director Charlie Huy La resigned from the Board and from his roles as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation and Audit Committees, effective immediately. The company states that Mr. La’s resignation was not due to any disagreement with the company, its management, or its directors.

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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): January 5, 2026

XMax Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-36259		90-0746568
(State or Other Jurisdiction		(Commission		(I.R.S. Employer
of Incorporation)		File Number)		Identification No.)

6565 E. Washington Blvd., Commerce, CA 90040

(Address of Principal Executive Office) (Zip Code)

(323) 888-9999

(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))

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
Common Stock, par value $0.001 per share		XWIN		Nasdaq Stock Market

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

On January 5, 2026, the Board of Directors (the “Board”) of XMax Inc. (the “Company”) appointed Mr. Matthew Beck, as a new member to serve on the Board.

Mr. Matthew Beck, age 41, has served as Co-Founder and a director of Endcap, a SaaS advisory firm, since July 2024. He has served as an Account Executive at IFS AB since March 2025. Previously, Mr. Beck held regional leadership and sales roles at Cloudinary from 2022 to 2024, New Relic from 2020 to 2022, AppDynamics (acquired by Cisco Systems, Inc.) from 2019 to 2020, and Aspen Technology, Inc. from 2016 to 2019.

There are no arrangements or understandings between Mr. Beck and any other person pursuant to which Mr. Beck was appointed as a director of the Company. In addition, there is no family relationship between Mr. Beck and any director or executive officer of the Company. The Board deems Mr. Beck an “independent director” as defined by NASDAQ Rule 5605(a)(2).

In connection with his appointment, the Company entered into a Director Agreement (the “Agreement”) with Mr. Matthew Beck on January 6, 2026. In the Agreement, Mr. Beck will receive compensation in the amount of $1,880 monthly, plus expenses. The Agreement imposes certain customary confidentiality and non-disclosure obligations on the director. The description contained herein of the terms of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of the Director Agreement is attached hereto as Exhibit 10.1 and incorporated by reference herein.

On January 8, 2026, the Board received a resignation letter from Mr. Charlie Huy La, to resign from the positions as a member of the Board, Chairman of the Nominating and Corporate Governance Committee and a member of Compensation Committee and Audit Committee of the Board, effective immediately. Mr. La’s resignation is not because of any disagreement with the Company, its management or its directors.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Exhibit Title or Description
10.1		Director Agreement between the Company and Matthew Beck dated January 6, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

	Nova LifeStyle, Inc.
	By:	/s/ Xiaohua Lu
		Xiaohua Lu
		Chief Executive Officer

Date: January 9, 2026

FAQ

What board changes did XMax Inc. (NVFY) disclose in this 8-K?

XMax Inc. disclosed that Matthew Beck was appointed as a new independent director on January 5, 2026, and that Charlie Huy La resigned from the Board and its key committees effective January 8, 2026.

Who is Matthew Beck, the new director of XMax Inc. (NVFY)?

Matthew Beck, age 41, is Co-Founder and a director of Endcap, a SaaS advisory firm, and has held sales and leadership roles at IFS AB, Cloudinary, New Relic, AppDynamics and Aspen Technology. The Board considers him an independent director under NASDAQ Rule 5605(a)(2).

What compensation will Matthew Beck receive as a director of XMax Inc. (NVFY)?

Under a Director Agreement dated January 6, 2026, Matthew Beck will receive $1,880 in monthly compensation, plus reimbursement of expenses, and is subject to customary confidentiality and non-disclosure obligations.

Why did Charlie Huy La resign from the XMax Inc. (NVFY) Board?

XMax Inc. reports that Charlie Huy La resigned from the Board and from his roles on the Nominating and Corporate Governance, Compensation, and Audit Committees effective immediately on January 8, 2026, and that his resignation was not because of any disagreement with the company, its management, or its directors.

Are there any special arrangements behind Matthew Beck’s appointment at XMax Inc. (NVFY)?

The company states there are no arrangements or understandings between Matthew Beck and any other person pursuant to which he was appointed as a director, and that he has no family relationship with any director or executive officer.

Does the XMax Inc. (NVFY) filing include any financial statements?

Under Item 9.01, XMax Inc. lists exhibits, including the Director Agreement with Matthew Beck as Exhibit 10.1 and a cover page interactive data file as Exhibit 104. No separate financial statements are described in this excerpt.