SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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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):
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Securities registered pursuant to Section 12(b) of the Act:
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| OTC |
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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 1, 2026, the Company entered into an employment agreement (the “Employment Agreement”) with Zachary Rovinsky, the Company’s Chief Financial Officer. The Employment Agreement provides for his employment through September 30, 2028, which may be extended for two additional one-year periods by mutual consent, at an annual salary of $210,000 and bonus up to 10% of his salary. The annual salary is subject to annual 3.0% increases.
On October 1, 2026, the employment agreement between the Company and Ms. Helena Santos, the Company’s President, Chief Executive Officer and Treasurer, was extended through September 30, 2027 (the “Amendment Period”). All other terms of the existing employment agreement dated July 1, 2017, as previously amended, remain the same, other than the base salary which shall be $200,000 during the Amendment Period, part of which may be paid in equity upon mutual agreement.
On October 1, 2026, the employment agreement between the Company’s wholly owned subsidiary, Scientific Bioprocessing, Inc. (“SBI”) and Mr. John A. Moore, the Company’s Chairman of the Board, was extended through September 30, 2027. All other terms of the existing employment agreement dated July 1, 2020, as previously amended, remain the same during the Amendment Period, other than the salary which shall be $165,000, during the Amendment Period, part of which may be paid in equity upon mutual agreement.
ITEM 9.01 Financial Statements and Exhibits
(a),(b),(c) not applicable
(d) Exhibits
None
Exhibit No |
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| Employment agreement dated October 1, 2026 by and between the Company and Mr. Rovinsky | |
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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.
| SCIENTIFIC INDUSTRIES, INC. | ||
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Date: October 2, 2026 | By: | /s/ Helena R. Santos |
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| Helena R. Santos, |
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| President and Chief Executive Officer |
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