Current Report Filing (8-k)
January 07 2019 - 5:27PM
Edgar (US Regulatory)
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
January
7, 2019 (December 31, 2018)
Date
of Report (Date of earliest event reported)
iFresh
Inc.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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001-38013
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82-066764
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
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2-39
54th Avenue
Long Island City, NY 11101
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(Address
of Principal Executive Offices and Zip Code)
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Registrant's
telephone number, including area code:
(718) 628-6200
(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 obligation of the registrant
under any of the following provisions:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17
CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On December 31, 2018, iFresh Inc. (the “Company”)
and Xin He entered into an employment termination agreement (the “Employment Termination Agreement”) pursuant to which
Mr. He agreed to terminate his employment agreement entered with the Company dated April 1, 2018 (the “Employment Agreement”)
and resign from his position as Chief Financial Officer of the Company, effective December 31, 2018. The Company is actively seeking
a suitable replacement for Mr. He.
Mr. He has indicated to the Company that his
resignation is for personal reasons.
Pursuant to the terms of the Employment Termination
Agreement, Mr. He shall receive Mr. He’s gross salary pursuant to the Employment Agreement for the period from October 29,
2018 through December 31, 2018 and reimbursement of his outstanding out-of-pocket travel expenses pursuant to the Employment Agreement.
In addition, Mr. He will also be issued 75,000 shares of the Company’s restricted common stock pursuant to the Employment
Agreement.
Item
9.01. Financial Statements and 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.
Dated:
January 7, 2019
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iFRESH, INC.
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By:
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/s/ Long Deng
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Name:
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Long Deng
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Title:
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Chairman and Chief Executive Officer
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