Form 8-K - Current report
July 28 2023 - 4:05PM
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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): July 26, 2023
BIOAFFINITY
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-41463 |
|
46-5211056 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
Number) |
22211
W Interstate 10
Suite
1206
San
Antonio, Texas 78257
(210)
698-5334
(Address
of principal executive offices and 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 (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 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 ☒
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $.007 per share |
|
BIAF |
|
The
Nasdaq Stock Market LLC |
Tradeable
Warrants to purchase Common Stock |
|
BIAFW |
|
The
Nasdaq Stock Market LLC |
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.
On
July 26, 2023, bioAffinity Technologies, Inc. (the “Company”) entered into an amendment, effective August 1, 2023 (the “Amendment”),
to its employment agreement, dated February 1, 2015, with Maria Zannes, the Company’s Chief Executive Officer, to provide for the
payment of an annual base salary of $260,000 effective August 1, 2023. All other terms of the employment agreement remain in full force
and effect.
The
foregoing description of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to
the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by
reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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.
|
BIOAFFINITY
TECHNOLOGIES, INC. |
|
|
|
|
By: |
/s/
Maria Zannes |
|
|
Maria
Zannes |
|
|
President
and Chief Executive Officer |
Dated:
July 28, 2023
Exhibit 10.1
AMENDMENT
TO EMPLOYMENT AGREEMENT
This
Amendment, dated July 27, 2023 and effective as of August 1, 2023 (the “Effective Date”) (this “Amendment”),
to the Employment Agreement, dated February 1, 2015 (the “Agreement”), is entered into by and between bioAffinity
Technologies Inc. (the “Company”) and Maria Zannes (the “Employee”). Capitalized
terms used herein without definition shall have the meanings assigned in the Agreement.
WHEREAS,
the parties desire to amend the Agreement as set forth below.
NOW
THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to amend the Agreement as follows:
1.
The first sentence of Section 4 of the Agreement is hereby deleted and replaced with the following:
“During
the Employment Term, the Company shall pay Employee a base salary at the annual rate of Two Hundred Sixty Thousand Dollars ($260,000.00)
per year, effective August 1, 2023, or such higher rate as may be determined from time-to-time by the Company (“Base Salary”).”
2.
All other terms of the Agreement shall remain in full force and effect. The Agreement, as amended by this Amendment, constitutes the
entire agreement between the parties with respect to the subject matter thereof.
3.
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but both of which together shall
constitute one and the same instrument.
4.
This Amendment is made and shall be construed and performed under the laws of the remaining provisions will nevertheless continue to
be valid and enforceable in the State of New York without regard to its choice or conflict of law principles.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.
|
BIOAFFINITY
TECHNOLOGIES INC. |
|
|
|
|
By: |
/s/
Michael Dougherty |
|
Name: |
Michael
Dougherty |
|
Title: |
Chief
Financial Officer |
|
|
|
|
|
/s/
Maria Zannes |
|
|
Maria
Zannes |
v3.23.2
Cover
|
Jul. 26, 2023 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jul. 26, 2023
|
Entity File Number |
001-41463
|
Entity Registrant Name |
BIOAFFINITY
TECHNOLOGIES, INC.
|
Entity Central Index Key |
0001712762
|
Entity Tax Identification Number |
46-5211056
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
22211
W Interstate 10
|
Entity Address, Address Line Two |
Suite
1206
|
Entity Address, City or Town |
San
Antonio
|
Entity Address, State or Province |
TX
|
Entity Address, Postal Zip Code |
78257
|
City Area Code |
(210)
|
Local Phone Number |
698-5334
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Common Stock, par value $.007 per share |
|
Title of 12(b) Security |
Common
Stock, par value $.007 per share
|
Trading Symbol |
BIAF
|
Security Exchange Name |
NASDAQ
|
Tradeable Warrants to purchase Common Stock |
|
Title of 12(b) Security |
Tradeable
Warrants to purchase Common Stock
|
Trading Symbol |
BIAFW
|
Security Exchange Name |
NASDAQ
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