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8-KThe WireRed Alert

Executive Change

Filed Jun 6, 2024 · 2y ago · Accession 0001654954-24-007444

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): June 6, 2024   TOMI Environmental Solutions, Inc. (Exact name of registrant as specified in its charter)   Florida   000-09908   59-1947988 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   8430 Spires Way Frederick , Maryland 21701 (Address of principal executive offices) (Zip Code)   ( 800 ) 525-1698 (Registrant's telephone number, including area code)   Not Applicable (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 ( 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))   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, $0.01 par value per share   TOMZ   Nasdaq Capital Market   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. ☐         Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   (e) Compensatory Arrangements of Certain Executive Officers   On June 6, 2024, the Board of Directors (the “Board”) of Tomi Environmental Solutions, Inc. (the “Company”) approved the modification of the compensation arrangements of certain officers for the purpose of implementing cost-saving measures to reduce cash requirements and achieve profitability objectives. As such, the current cash arrangements of Dr. Halden Shane, Ms. Elissa J. Shane, and Mr. Joseph Frank Rzepka Jr. have been modified as follows:     · The salaries of each of Dr. Shane and Ms. Shane are reduced by 30% for the period between June 1, 2024 and December 31, 2024; and         · The annual base salary of Mr. Rzepka is reduced by 10%, from $185,000 to $166,500.   On June 6, 2024, the Board issued a press release, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1.   Item 9.01 Financial Statements and Exhibits.   (d) Exhibits   See the Exhibit Index below, which is incorporated by reference herein.   Exhibit No.   Description 99.1   Press Release date June 6, 2024 104   Cover Page Interactive Data File (embedded within the Inline XBRL document)     2     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.     TOMI ENVIRONMENTAL SOLUTIONS, INC.           Date: June 6, 2024 By: /s/ Halden S. Shane       Name: Halden S. Shane       Title: Chief Executive Officer       3
Filing details
Ticker
TOMZ
CIK
314227
Form type
8-K
Filing date
Jun 6, 2024
Report date
Jun 6, 2024
Document
tomz_8k.htm
Size
175 KB