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XMax renews COO Zhao’s contract at $159K a year

The agreement sets Mr. Zhao’s annual salary at $159,000, while any annual cash bonus is at the Board’s sole discretion.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

XMax Inc. renewed Chief Operating Officer Yizhou (Steven) Zhao’s employment agreement on October 7, 2026, for another one-year term, subject to renewal. The agreement sets his annual salary at $159,000; he is also eligible for an annual cash bonus at the Board’s sole discretion.

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 $159,000 per year Under Yizhou (Steven) Zhao’s renewed employment agreement
Agreement term One year Another term, subject to renewal
annual cash bonus financial
"eligible for an annual cash bonus"
sole discretion regulatory
"in the Board’s sole discretion"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What salary will XMAX COO Yizhou (Steven) Zhao receive?

Yizhou (Steven) Zhao will receive an annual salary of $159,000 under his renewed agreement as Chief Operating Officer.

Is XMAX COO Yizhou (Steven) Zhao eligible for a bonus?

Yes. Mr. Zhao is eligible for an annual cash bonus, awarded at the Board’s sole discretion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): October 7, 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 October 7, 2026, XMAX Inc. (the “Company”) renewed Employment Agreement (the “Agreement”) with Mr. Yizhou (Steven) Zhao, the Company’s Chief Operating Officer, to serve in such position for another one-year term, subject to renewal. Under the terms of the Agreement, Mr. Zhao will receive an annual salary of $159,000 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 Yizhou (Steven) Zhao dated October 7, 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: October 13, 2026    

 

 

 

Filing Exhibits & Attachments

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