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XMax Inc. (Nasdaq: XWIN) renews CEO Xiaohua Lu’s contract

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

XMax Inc. filed a current report describing a renewed employment agreement with its Chief Executive Officer, Mr. Xiaohua Lu. Effective April 21, 2026, Mr. Lu will continue to serve as CEO for another one-year term, with the agreement subject to renewal.

Under the renewed agreement, Mr. Lu will receive an annual salary of $80,000 and is eligible for an annual cash bonus at the sole discretion of the Board of Directors. The full employment agreement is filed as Exhibit 10.1 and incorporated by reference.

Positive

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
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.
CEO annual salary $80,000 Base salary under renewed employment agreement dated April 21, 2026
CEO term length 1 year New term for CEO role starting April 21, 2026, subject to renewal
Exhibit 10.1 Employment Agreement Filed as exhibit to 8-K, agreement with CEO Xiaohua Lu dated April 21, 2026
Trading symbol XWIN Common stock listed on Nasdaq Stock Market
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Employment Agreement financial
"renewed the Employment Agreement (the “Agreement”) with Mr. Xiaohua Lu"
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) of the Act"
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.
Cover Page Interactive Data File technical
"104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Understanding 8-K Material Events →
false 0001473334 0001473334 2026-04-21 2026-04-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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 21, 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 1.01 Entry into a Material Definitive Agreement

 

Please see the disclosure set forth under Item 5.02, which is incorporated by reference into this Item 1.01.

 

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

 

On April 21, 2026, XMax Inc. (the “Company”) renewed the Employment Agreement (the “Agreement”) with Mr. Xiaohua Lu, the Chief Executive Officer of the Company, to serve in such position for another one-year term, subject to renewal. Under the terms of the Agreement, Mr. Lu 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.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.   Exhibit Title or Description
10.1   Employment Agreement by and between the Company and Xiaohua Lu dated April 21, 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.
   
  /s/ Xiaohua Lu
  Xiaohua Lu
  Chief Executive Officer
   
April 22, 2026  

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What executive change did XMax Inc. (NVFY) report in this 8-K?

XMax Inc. reported the renewal of CEO Xiaohua Lu’s employment agreement for another one-year term starting April 21, 2026. He will continue serving as Chief Executive Officer under updated compensation terms filed as Exhibit 10.1 to the report.

What is the new annual salary for XMax Inc.’s CEO under the renewed agreement?

Under the renewed employment agreement, CEO Xiaohua Lu will receive an annual salary of $80,000. This base salary is specified in the April 21, 2026 agreement, which is attached as Exhibit 10.1 and incorporated by reference in the filing.

Does XMax Inc.’s CEO receive a bonus under the new employment agreement?

Yes. The renewed agreement makes CEO Xiaohua Lu eligible for an annual cash bonus, determined at the Board of Directors’ sole discretion. The filing does not set a fixed bonus amount, only the eligibility and discretionary nature of this compensation component.

How long is the term of XMax Inc.’s renewed CEO employment agreement?

The renewed employment agreement with CEO Xiaohua Lu has a one-year term, beginning April 21, 2026. The filing notes that this term is subject to renewal, meaning the company and Mr. Lu may extend it beyond the initial one-year period.

Which exhibit in the XMax Inc. 8-K contains the full CEO employment agreement?

The complete employment agreement between XMax Inc. and CEO Xiaohua Lu is filed as Exhibit 10.1. The report states that its brief description is qualified in its entirety by reference to this exhibit, which provides the full contractual details.

What stock exchange lists XMax Inc.’s common stock and under what symbol?

XMax Inc.’s common stock, with a par value of $0.001 per share, is listed on the Nasdaq Stock Market under the trading symbol XWIN. This listing information is disclosed in the securities registration section of the report.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents