FG Nexus Inc. 8-K

What Happened FG Nexus Inc. filed a Form 8-K (June 9, 2026) disclosing that, effective June 3, 2026, it modified at-will employment agreements for two executives in its Digital Assets Division. Jose Vargas (Head of Business Development and company director) and Theodore Rosenthal (President, Digital Assets Division) each had their annual base salary reduced from $150,000 to $30,000 per year, with the reduction effective May 11, 2026. The filing also provided an update on the company’s previously announced share repurchase programs through June 5, 2026.

Key Details

• Executive pay changes: Vargas and Rosenthal salary reduced from $150,000 to $30,000 per year; modifications signed June 3, 2026 and effective May 11, 2026 (agreements note service effective August 4, 2025).
• Common stock repurchases: ~2,984,212 common shares repurchased (about 35% of pre-buyback outstanding) at an average price of ~$13.62 per share through June 5, 2026.
• Series A preferred repurchases: 264,465 shares repurchased (about 30% of pre-buyback outstanding) at an average price of ~$24.97 per share through June 5, 2026.
• Balance sheet snapshot (June 5, 2026): 5,736,419 common shares outstanding; 630,105 Series A Preferred outstanding; cash of $36.1 million and digital assets valued at $20.3 million (3,375 ETH and 7,569 wrapped stETH).

Why It Matters The company is scaling back compensation in its Digital Assets Division, reflecting a reduced level of operations in that business area — a tangible operational change investors can quantify (major salary cuts for two senior digital-asset executives). The substantial buybacks materially reduced the share counts (roughly one-third of both common and Series A preferred outstanding were repurchased), which can affect per-share metrics and ownership concentration. The filing also gives a current view of liquidity (cash and crypto holdings) that investors can use when assessing the company’s financial flexibility.