UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 1, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a new employment agreement (the “Employment Agreement”) with its Mark Radom, its general counsel, who has been the Company’s general counsel since September 16, 2019, for a term of three years.
The Employment Agreement increases Mr. Radom’s annual salary from $150,000 to $216,000 (subject to adjustment), provides for a minimum annual bonus of 25% of the then applicable salary and the right to be indemnified to the extent that Mr. Radom is made a party or threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative.
The foregoing description of the terms of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description | |
| 10.1* | Mark Radom Employment Agreement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* The schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(10). The Company agrees to furnish supplementally a copy of any omitted schedule to the U.S. Securities and Exchange Commission upon its request.
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.
| Connexa Sports Technologies Inc. | ||
| a Delaware corporation | ||
| Dated: December 6, 2023 | By: | /s/ Mike Ballardie |
| Chief Executive Officer | ||