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XMax renews CFO Jeffery Chuang on $80K salary

XMax Inc. (XMAX) reported that on August 22, 2026 it renewed the Employment Agreement with its Chief Financial Officer, Jeffery Chuang, for another one-year term, subject to possible renewal.

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

Rhea-AI Filing Summary

XMax Inc. (XMAX) reported that on August 22, 2026 it renewed the Employment Agreement with its Chief Financial Officer, Jeffery Chuang, for another one-year term, subject to possible renewal. Under this agreement, Mr. Chuang will receive an annual salary of $80,000 and will be eligible for an annual cash bonus at the sole discretion of the Board of Directors. The company attached the renewed Employment Agreement as Exhibit 10.1, incorporating it by reference as part of this disclosure.

Positive

  • None.

Negative

  • None.
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, or exhibit attachments filed with this report.
Annual salary $80,000 Annual salary for CFO Jeffery Chuang under renewed Employment Agreement
Term of Employment Agreement one-year term Duration of renewed CFO Employment Agreement starting August 22, 2026
Agreement date August 22, 2026 Date XMax Inc. renewed the Employment Agreement with CFO Jeffery Chuang
Employment Agreement financial
"renewed Employment Agreement (the “Agreement”) with Mr. Jeffery Chuang"
annual cash bonus financial
"will be eligible for an annual cash bonus in the Board’s sole discretion"
emerging growth company regulatory
"Emerging growth company Securities registered pursuant to Section 12(b)"
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.

FAQ

What executive employment change did XMAX announce in this Form 8-K?
XMax Inc. announced it renewed the Employment Agreement with its Chief Financial Officer, Jeffery Chuang, on August 22, 2026, for an additional one-year term, with the possibility of further renewal, maintaining him in the CFO role.

What is the annual salary for the XMAX Chief Financial Officer under the renewed agreement?
Under the renewed agreement, XMax Inc.’s Chief Financial Officer, Jeffery Chuang, will receive an annual salary of $80,000. This amount is specified directly in the Employment Agreement that was renewed on August 22, 2026.

Does the XMAX CFO receive a bonus under the new Employment Agreement?
Yes. The renewed Employment Agreement states that CFO Jeffery Chuang is eligible for an annual cash bonus. Any such bonus is at the sole discretion of the Board of Directors, meaning it is not guaranteed or formula-based in the disclosure.

How long is the term of the renewed Employment Agreement for the XMAX CFO?
The renewed Employment Agreement provides that XMax Inc. Chief Financial Officer Jeffery Chuang will serve for another one-year term, subject to renewal. The agreement was renewed on August 22, 2026.

Where can investors find the full terms of the XMAX CFO Employment Agreement?
The company states that the summary is qualified in its entirety by the actual Employment Agreement, which is filed as Exhibit 10.1 to this report and incorporated by reference into the executive compensation disclosure.

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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): August 22, 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   XMAX   Nasdaq Stock Market

 

 

 

 

 

 

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

 

(e) On August 22, 2026, XMAX Inc. (the “Company”) renewed Employment Agreement (the “Agreement”) with Mr. Jeffery Chuang, the Company’s Chief Financial Officer, to serve in such position for another one-year term, subject to renewal. Under the terms of the Agreement, Mr. Chuang will receive an annual salary of $80,000, and will be eligible for an annual cash bonus in the Board’s sole discretion.

 

The foregoing description of the Agreement is only a summary of the terms of the Agreement and does not purport to be a complete description of such document, and is qualified in its entirety by reference to the Agreement, a copy of which is attached as an exhibit hereto and which is incorporated by reference into this Item 5.02(e).

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Exhibit Title or Description
10.1   Employment Agreement by and between XMAX Inc. and Jeffery Chuang dated August 22, 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.

 

  XMax Inc.
     
  By: /s/ Xiaohua Lu
    Xiaohua Lu
    Chief Executive Officer
     
Date: August 25, 2026    

 

 

 

Source: View Original Filing on SEC EDGAR

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