ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(e) On May 24, 2022, the Director's Service Agreement by and between aquila
biolabs GmbH ("Aquila") and Mr. Daniel Grunes was amended in connection with his
appointment as Chief Executive Officer and President of Aquila and Scientific
Bioprocessing, Inc ("SBI"). SBI and Aquila are wholly owned subsidiaries of
Scientific Industries, Inc. The amended Director's Service Agreement reflects an
increase in Mr. Grunes' base salary by €20,000 euros to 170,000 euros per year,
a minimum annual bonus of 10,000 euros and an increase in advance termination
notice requirement from 6 to 12 months.
ITEM 9.01 Financial Statements and Exhibits
(a),(b),(c) not applicable
(d) Exhibits
Exhibit No Description
10.2 D. Grunes Amended Director's Service Agreement
2
© Edgar Online, source Glimpses