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Eric Sherb becomes Nexscient (NXNT) CFO via EMS Consulting agreement

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Nexscient, Inc. appointed Mr. Eric Sherb as its Chief Financial Officer, effective April 1, 2026, in connection with a new consulting arrangement. The company entered into a Consulting Agreement with EMS Consulting Services, Inc., controlled by Mr. Sherb, under which he will provide chief financial officer-level financial and accounting services.

EMS Consulting Services, Inc. will receive a monthly cash retainer of $5,000, and Mr. Sherb will be granted 36,000 shares of Nexscient common stock, vesting in equal installments over six months. The consulting agreement is effective April 1, 2026 and may be terminated by either party at any time.

The filing highlights Mr. Sherb’s 19 years of experience in accounting, audit, financial advisory and capital markets work, including prior CFO and consulting roles for Nasdaq- and OTC-listed companies. It also notes there are no family relationships or other related-party transactions with Mr. Sherb beyond the disclosed consulting agreement.

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Insights

Nexscient adds an experienced outsourced CFO under a flexible consulting deal.

Nexscient appointed Eric Sherb as Chief Financial Officer via a consulting agreement with his firm, EMS Consulting Services, Inc. The structure combines a relatively modest $5,000 monthly retainer with an equity grant of 36,000 shares vesting over six months, aligning compensation partly with shareholder interests.

Using a consulting agreement that is terminable at any time provides flexibility if needs change, but also means less long-term commitment on both sides. Mr. Sherb’s background in IPOs, SPAC and de-SPAC transactions and work with other listed companies may support Nexscient’s public company reporting and capital markets activity, though the filing does not quantify any specific initiatives tied to his appointment.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Monthly retainer $5,000 Cash retainer to EMS Consulting Services, Inc. for CFO services
Equity grant 36,000 shares One-time grant of Nexscient common stock to Eric Sherb
Effective date April 1, 2026 Start date of EMS Consulting Agreement and CFO appointment
Agreement date March 31, 2026 Date Nexscient entered into EMS Consulting Services Agreement
Vesting period 6 months 36,000-share grant vests in equal installments over six months
Experience 19 years Mr. Sherb’s experience in accounting, advisory, audit, M&A
Consulting Agreement financial
"the Company entered into a Consulting Agreement with EMS Consulting Services, Inc."
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
chief financial officer financial
"appointed Mr. Eric Sherb as the Nexscient’s Chief Financial Officer"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
Regulation S-K regulatory
"there are no transactions involving Mr. Sherb requiring disclosure under Item 404(a) of Regulation S-K."
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

 

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): April 2, 2026

 

NEXSCIENT, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-274532

 

92-2915192

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification ID No.)

 

2029 Century Park East, Suite 400

Los Angeles, CA 90067

(Address of principal executive offices)

(City, State, Zip Code)

 

(310) 494-6620

(Registrant’s telephone number, including area code)

 

Not Applicable

(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 obligations 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 CFR240.13e-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.

 

 

 

 

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

 

EMS Consulting Services, Inc.

 

On March 31, 2026, the Company entered into a Consulting Agreement with EMS Consulting Services, Inc., an entity controlled by Mr. Eric Sherb (the “EMS Agreement”).  Pursuant to the EMS Agreement, Mr. Sherb will provide financial and accounting services customarily performed by the chief financial officer of a publicly traded company.  As consideration for such services, the Company will pay EMS Consulting Services, Inc. a monthly retainer of $5,000, and Mr. Sherb will receive a one-time grant of 36,000 shares of the Company’s common stock, which will vest in equal installments over a six-month period.  The EMS Agreement has an effective date of April 1, 2026, and may be terminated by either party at any time.

 

Appointment of Chief Financial Officer

 

In connection with the EMS Agreement, on April 1, 2026, the Board of Directors of Nexscient appointed Mr. Eric Sherb as the Nexscient’s Chief Financial Officer.  Mr. Sherb is a Certified Public Accountant with 19 years of experience in accounting, financial advisory, audit, and mergers and acquisitions.  He brings to the Company substantial expertise in financial reporting, technical accounting, and strategic finance, with experience serving organizations ranging from early-stage startups to large public companies.

 

Mr. Sherb began his career at PricewaterhouseCoopers, where he served as a Senior Associate from 2011 to 2013. Following his tenure at PricewaterhouseCoopers, he served as an Audit Manager at RBSM LLP and as a Senior Manager at CFGI.  He later held positions at mid-sized audit and consulting firms, where he advised clients across a broad range of industries and developed extensive experience in both assurance and advisory services.  Mr. Sherb has significant experience in financial reporting and governance matters within the capital markets, including initial public offerings, direct listings, SPAC transactions, and de-SPAC transactions.  He has also served as chief financial officer and financial consultant to several Nasdaq- and OTC-listed companies, most recently Scienture Holdings, Inc. (NASDAQ: SCNX).

 

Since October 2018, Mr. Sherb has served as the founder and owner of EMS Consulting Services, LLC, where he provides outsourced chief financial officer and accounting advisory services.  His experience includes financial statement preparation and analysis, consolidations, financial modeling, management and investor reporting, bookkeeping oversight, and audit support.

 

Mr. Sherb has also advised on a wide range of complex transactions, including debt and equity financings, business combinations, and the preparation and filing of registration statements.  In coordination with key stakeholders, including attorneys, underwriters, and transfer agents, he has helped companies establish and enhance their financial infrastructure through systems implementation, compensation planning, and the development of accounting policies, internal controls, and operational processes. Mr. Sherb holds a Bachelor of Business Administration in Accounting and Finance from Emory University.

 

There are no family relationships between Mr. Sherb and any of the Company’s directors, executive officers, or persons nominated or chosen by the Company to become a director or executive officer. In addition, except for the EMS Agreement described above, there are no transactions involving Mr. Sherb requiring disclosure under Item 404(a) of Regulation S-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

10.1

EMS Consulting Services Agreement dated March 31, 2026

104

Cover Page Interactive Data File (embedded within the XBRL document)

 

 
2

 

 

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.

 

NEXSCIENT, INC.

 

 

 

Date: April 2, 2026

By:

/s/ Fred E. Tannous

 

Fred E. Tannous

 

President & Chief Executive Officer

 

 

 
3

 

FAQ

What executive change did Nexscient (NXNT) announce in this 8-K?

Nexscient appointed Eric Sherb as its Chief Financial Officer, effective April 1, 2026. His role is provided through a consulting agreement with EMS Consulting Services, Inc., where he will perform typical public-company CFO financial and accounting duties.

How is Nexscient (NXNT) compensating Eric Sherb for his CFO services?

Nexscient will pay EMS Consulting Services, Inc. a $5,000 monthly retainer, and Mr. Sherb will receive a 36,000-share grant of common stock. The stock vests in equal installments over six months, combining cash and equity-based compensation.

When does Eric Sherb’s consulting agreement with Nexscient (NXNT) take effect?

The EMS Consulting Services, Inc. agreement has an effective date of April 1, 2026. On that same date, Nexscient’s Board of Directors formally appointed Mr. Eric Sherb as Chief Financial Officer in connection with the consulting arrangement.

Can Nexscient (NXNT) or EMS terminate the CFO consulting agreement?

Yes. The EMS Consulting Services, Inc. agreement may be terminated by either party at any time. This gives both Nexscient and the consulting firm flexibility to end the relationship without a fixed term specified in the disclosure.

What experience does Nexscient’s new CFO, Eric Sherb, bring to the company?

Mr. Sherb is a Certified Public Accountant with 19 years of experience in accounting, audit, financial advisory, and mergers and acquisitions. He has worked on IPOs, SPAC and de-SPAC transactions and served as CFO or consultant to several Nasdaq- and OTC-listed companies.

Filing Exhibits & Attachments

6 documents