Key Highlights

  • The chief executive officer’s base salary rose from $80,000 to $160,000 effective July 1, 2026.
  • The chief operating officer’s base salary increased from $80,000 to $159,000 on the same date.
  • The chief financial officer’s base salary was adjusted from $70,000 to $80,000.

XMax Inc. (NASDAQ: XMAX) reported that its Board of Directors, together with the Compensation Committee, sanctioned a set of salary revisions for its senior leadership on July 1, 2026. The adjustments pertain to the chief executive officer, the chief operating officer, and the chief financial officer.

Revised Salary Levels

Under the new arrangement, the chief executive officer will receive a base salary of $160,000, representing an increase from the prior $80,000. The chief operating officer’s base compensation will be $159,000, up from $80,000. The chief financial officer’s base pay will rise to $80,000, a change from $70,000.

Governance Approval

Both the Compensation Committee and the Board of Directors recorded their approvals on July 1, 2026. The resolutions were documented concurrently, establishing the new salary figures as effective on that date.

Scope of the Amendments

The committee’s endorsement was limited to the monetary components of the executives’ agreements. No modifications were made to other contractual provisions, and the remainder of each employment arrangement remains intact. The related amendment to the Employment Agreement is filed as Exhibits 10.1.

Implications for Compensation Structure

The revised figures double the chief executive officer’s base salary and substantially raise the chief operating officer’s remuneration, while the chief financial officer’s increase is comparatively modest. These changes reflect the company’s intent to align leadership pay with its operational and financial objectives.

Strategic Context

XMax Inc. Operates in the technology sector, where competitive talent retention often hinges on transparent compensation practices. By updating base salaries, the company aims to reinforce its incentive framework without altering equity or bonus components at this time.

No further changes to long‑term incentive plans were disclosed.

Outlook

The firm indicated that the salary adjustments are part of an ongoing review of executive compensation, intended to support corporate performance goals. Future updates may address additional elements of the remuneration package as the company’s strategic priorities evolve.

FAQs

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.