HeartCore Enterprises, Inc 8-K, filed Jan 17, 2023
HeartCore Enterprises, Inc. (HTCR)
About this 8-K
HeartCore Enterprises, Inc filed this 8-K on January 17, 2023, reporting on events of January 10, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, HeartCore Enterprises, Inc. (the “Company”) entered into an Executive Employment Agreement (each, an “Employment Agreement” and collectively, the “Employment Agreements”), dated as of February 9, 2022, by and between the Company and each of Qizhi Gao, the Company’s Chief Financial Officer; Kimio Hosaka, the Company’s Chief Operating Officer and a member of the Company’s Board of Directors; Keisuke Kuno, the Company’s CX Division Vice President; and Hidekazu Miyata, the Company’s Chief Technical Officer. On January 10, 2023, the Company entered into Amendment No. 1 to each of the Employment Agreements (each, an “Amendment” and collectively, the “Amendments”). Pursuant to the terms of each of the Amendments, the executives’ annual base salaries were increased as follows, effective January 1, 2023:
| Executive | Prior Base Salary | New Base Salary | ||||||
| Qizhi Gao | $ | 54,012 | $ | 120,222 | ||||
| Kimio Hosaka | $ | 95,459 | $ | 164,770 | ||||
| Keisuke Kuno | $ | 109,100 | $ | 152,308 | ||||
| Hidekazu Miyata | $ | 75,600 | $ | 112,616 | ||||
Except as set forth in each Amendment, each of the Employment Agreements remains in full force and effect.
The foregoing description of each of the Amendments is qualified in its entirety by reference to each of the Amendments, copies of which will be filed with the Company’s next periodic report.
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.
| HEARTCORE ENTERPRISES, INC. | ||
| Dated: January 17, 2023 | By: | /s/ Sumitaka Yamamoto |
| Name: | Sumitaka Yamamoto | |
| Title: | Chief Executive Officer | |