SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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):
March 8, 2021
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SCIENTIFIC INDUSTRIES, INC.
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(Exact
name of registrant as specified in its charter)
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Delaware
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000-6658
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04-2217279
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(State
or other Jurisdiction)
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(Commission
File Number)
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(IRS
Employer No.)
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80 Orville Drive
Bohemia, New York 11716
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(Address
of principal executive offices)
(631) 567-4700
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(Registrant's
telephone number, including area code)
Not Applicable
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(Former
name or former address, if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Effective
March 8, 2021, the Company has agreed to an amendment to the
consulting agreement, dated as of July 20, 2020, with Societät
Reinhard and Noah Vogt AG o GmbH and Mr. Reinhard Vogt, a director
of the Company, (collectively, the “Consultant”) . The
amendment increases the monthly retainer from 5,000 euros to 12,500
euros and removes the annual bonus. All other terms of the
agreement remain the same.
ITEM 9.01 Financial Statements and Exhibits
(a) and
(b) not applicable
(c)
Exhibits
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Exhibit No.
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Description
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Copy of Amendment to Consulting Agreement between the Company
and Societät Reinhard and
Noah Vogt AG GmbH and Reinhard Vogt
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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.
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SCIENTIFIC INDUSTRIES, INC.
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Date: March 8, 2021
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By:
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/s/ Helena R. Santos
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Helena R. Santos,
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President and Chief Executive Officer
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AMENDMENT TO CONSULTING AGREEMENT
March 8, 2021
Mr. Reinhard Vogt
Kehrstrabe 8b
37085 Gottingen Germany
Societät Reinhard and Noah Vogt AG o GmbH
Kehrstrabe 8b
37085 Gottingen Germany
Dear Reinhard:
Please confirm your agreement by signing where indicated below that
the term of your engagement and the engagement of Societät
Reinhard and Noah Vogt AG o GmbH (collectively, the
“Consultant”) pursuant to that certain Consulting
Agreement, dated as of July 20, 2020 (the
“Agreement”),
with Scientific Industries, Inc. (the “Company”), for services provided to Scientific
Bioprocessing, Inc, a wholly-owned subsidiary of the Company, is
hereby amended effective March 1, 2021, with revised section 3 as
amended and restated in its entirety below:
For
each full month that services are provided, the Company shall pay
or cause SBI to pay Consultant a fee of EUR €12,500 in cash.
Such compensation shall be pro-rated for services provided for a
partial month. In addition, subject to the procurement of any
requisite stockholder approvals, the Company shall issue to Vogt as
soon as reasonably practicable 125,000 stock options of the Company
with a per-share exercise price equal to the last closing price of
one share of the Company’s common stock immediately prior to
the Effective Date. The options shall be issued in accordance with
the terms and conditions set forth in the Company’s 2012
Stock Option Plan, including vesting.
There are no other changes to the Agreement.
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Scientific
Industries, Inc.
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By:
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/s/ Helena R.
Santos
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Name:
Helena R. Santos
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Title:
President and CEO
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Scientific
Bioprocessing, Inc.
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By:
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/s/ John A.
Moore
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Name:
John A. Moore
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Title:
President
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Acknowledged
and agreed to:
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By:
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/s/ Reinhard
Vogt
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Reinhard
Vogt
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Societät
Reinhard and Noah Vogt AG o GmbH
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By:
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/s/
Societät
Reinhard and Noah Vogt AG o GmbH
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Name:
Title:
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