UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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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 |
On May 4, 2022, the Compensation Committee of the Board of Directors of PetVivo Holdings, Inc. (the “Company”) approved cash bonus payments to the Company’s executive officers for their performance in the Company’s fiscal year end March 31, 2022. The Compensation Committee approved bonus payments in the following amounts: John Lai, the Company’s Chief Executive Officer and President- $20,000; Robert Folkes, the Company’s Chief Financial Officer - $100,000; Randall Meyer, the Company’s Chief Operating Officer - $30,000 and John Dolan, Chief Business Development Officer, General Counsel and Secretary - $20,000. The Company will pay these bonuses to its executive officers after it files its Annual Report on Form 10-K for its fiscal year ended March 31, 2022 with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PETVIVO HOLDINGS, INC. | ||
| Date: May 9, 2022 | By: | /s/ John Lai |
| Name: | John Lai | |
| Title: | Chief Executive Officer and President | |