8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):

March 8, 2021

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SCIENTIFIC INDUSTRIES, INC.

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(Exact name of registrant as specified in its charter)

80 Orville Drive

Bohemia, New York 11716

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(Address of principal executive offices)

(631) 567-4700

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(Registrant's telephone number, including area code)

Not Applicable

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(Former name or former address, if changed since last report)

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Effective March 8, 2021, the Company has agreed to an amendment to the consulting agreement, dated as of July 20, 2020, with Societät Reinhard and Noah Vogt AG o GmbH and Mr. Reinhard Vogt, a director of the Company, (collectively, the “Consultant”) . The amendment increases the monthly retainer from 5,000 euros to 12,500 euros and removes the annual bonus. All other terms of the agreement remain the same.

ITEM 9.01 Financial Statements and Exhibits

(a) and (b) not applicable

(c) Exhibits

SIGNATURE

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.

reinhardvogtconsultingagr

AMENDMENT TO CONSULTING AGREEMENT

March 8, 2021

Mr. Reinhard Vogt

Kehrstrabe 8b

37085 Gottingen Germany

Societät Reinhard and Noah Vogt AG o GmbH

Kehrstrabe 8b

37085 Gottingen Germany

Dear Reinhard:

Please confirm your agreement by signing where indicated below that the term of your engagement and the engagement of Societät Reinhard and Noah Vogt AG o GmbH (collectively, the “Consultant”) pursuant to that certain Consulting Agreement, dated as of July 20, 2020 (the “Agreement”), with Scientific Industries, Inc. (the “Company”), for services provided to Scientific Bioprocessing, Inc, a wholly-owned subsidiary of the Company, is hereby amended effective March 1, 2021, with revised section 3 as amended and restated in its entirety below:

For each full month that services are provided, the Company shall pay or cause SBI to pay Consultant a fee of EUR €12,500 in cash. Such compensation shall be pro-rated for services provided for a partial month. In addition, subject to the procurement of any requisite stockholder approvals, the Company shall issue to Vogt as soon as reasonably practicable 125,000 stock options of the Company with a per-share exercise price equal to the last closing price of one share of the Company’s common stock immediately prior to the Effective Date. The options shall be issued in accordance with the terms and conditions set forth in the Company’s 2012 Stock Option Plan, including vesting.

There are no other changes to the Agreement.