SolarMax Technology (NASDAQ: SMXT) director Jinxi Lin will not seek re-election

Rhea-AI Filing Summary

SolarMax Technology, Inc. reported that board member Jinxi Lin has informed the board of directors that he will not stand for re-election. Lin currently serves on the board’s compensation committee, so the company will eventually need to adjust its committee composition or fill his seat. The company stated that his decision did not result from any disagreement with SolarMax on its operations, policies, or practices, indicating an orderly, non-contentious transition at the board level.

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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): September 25, 2025 (September 21, 2025)

SolarMax Technology, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-41959		26-2028786
(State or other jurisdiction of incorporation or organization)		(Commission file number)		(IRS Employer Identification No.)

3080 12th Street

Riverside, California 92507

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (951) 300-0788

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:

☐	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))

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		SMXT		The Nasdaq Stock Market LLC

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 of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 21, 2025, Jinxi Lin notified the board of directors (the “Board”) of SolarMax Technology, Inc. (the “Company”) that he would not stand for re-election to the Board. Mr. Lin was a member of the compensation committee of the Board. Mr. Lin’s decision did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.  

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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.

	SolarMax Technology, Inc.
Dated: September 25, 2025	By:	/s/ David Hsu
		David Hsu
		Chief Executive Officer

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FAQ

What board change did SolarMax Technology (SMXT) disclose?

SolarMax Technology, Inc. disclosed that director Jinxi Lin notified the board that he will not stand for re-election to the company’s board of directors.

Did Jinxi Lin resign over a disagreement with SolarMax Technology (SMXT)?

No. The company stated that Mr. Lin’s decision did not result from a disagreement with SolarMax on any matter relating to its operations, policies, or practices.

What committee role did Jinxi Lin hold at SolarMax Technology (SMXT)?

Jinxi Lin was a member of SolarMax Technology’s compensation committee on the board of directors.

When did SolarMax Technology (SMXT) receive notice about Jinxi Lin not standing for re-election?

On September 21, 2025, Jinxi Lin notified SolarMax Technology’s board of directors that he would not stand for re-election.

Which stock exchange lists SolarMax Technology (SMXT) common stock?

SolarMax Technology’s common stock, par value $0.001 per share, is listed on The Nasdaq Stock Market LLC under the trading symbol SMXT.

Who signed the SolarMax Technology (SMXT) report about the board change?

The report was signed on behalf of SolarMax Technology, Inc. by David Hsu, the company’s Chief Executive Officer.