XMax Inc. 8-K

What Happened
XMax Inc. (XWIN) announced on January 9, 2026 (filing date) that its Board appointed Matthew Beck to the Board effective January 5, 2026, and accepted the resignation of director Charlie Huy La effective January 8, 2026. The Board considers Mr. Beck an independent director under NASDAQ Rule 5605(a)(2). The company entered into a Director Agreement with Mr. Beck dated January 6, 2026.

Key Details

• Matthew Beck, age 41, was appointed to XMax’s Board; background includes Co-Founder/director at Endcap (since July 2024) and Account Executive at IFS AB (since March 2025); prior roles at Cloudinary (2022–2024), New Relic (2020–2022), AppDynamics (2019–2020) and Aspen Technology (2016–2019).
• Director Agreement dated January 6, 2026: compensation of $1,880 per month plus expenses; includes customary confidentiality and non-disclosure obligations. (Agreement filed as Exhibit 10.1.)
• Charlie Huy La resigned from the Board and from roles as Chairman of the Nominating & Corporate Governance Committee and member of the Compensation and Audit Committees, effective January 8, 2026; resignation was not due to any disagreement with the company.

Why It Matters
Board composition and independence can affect corporate governance and oversight. Investors should note the addition of an independent director with SaaS and sales leadership experience, the modest director pay disclosed, and the departure of a committee chair (which may prompt committee reassignments). The filing does not indicate any dispute between the departing director and the company.