Nxt-ID, Inc. filed 8-K

Nxt-ID, Inc. revealed 8-K form on Fri, September 13.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 10, 2019, in connection with closing the Purchase Agreement and the Sale, Michael J. Orlando resigned as Chief Operating Officer of the Company. Mr. Orlando will continue to serve as a member of the Company’s board of directors.

The Company’s financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC on April 1, 2019, as well as in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019, filed with the SEC on May 15, 2019, and Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019, filed with the SEC on August 19, 2019, present the reclassification of Fit Pay’s financial technology business to discontinued operations for all periods reported. Consequently, pro forma financial statements, which give effect to the Sale, are not required to be filed with this Current Report on Form 8-K.

No. Description 10.1 Stock Purchase Agreement, dated as of September 9, 2019, by and between the Company, Fit Pay and Garmin International, Inc. 10.2 Consent and Waiver to Senior Secured Credit Agreement and Release of Liens, dated as of September 9, 2019, by and among the Company, FitPay, LogicMark, 3D-ID, the Lenders and the Agent. 10.3 Manufacturing and Distribution Agreement, dated as of September 9, 2019, by and between the Company and Garmin Switzerland GmbH.

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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