{"url_path":"/sec/fgnx/8-k/2026-07-01/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1591890/0001493152-26-031451-index.html","accession_number":"0001493152-26-031451","cik":"0001591890","ticker":"FGNX","issuer_name":"FG Nexus Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1591890/0001493152-26-031451-index.html","primary_entity_key":"0001591890","primary_entity_name":"FG Nexus Inc."},"word_count":370,"has_tables":true,"body_markdown":"**ITEM\n5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of\nCertain Officers.**\n\n** **\n\nOn\nJune 24, 2026, the Board of Directors (the “Board”) of FG Nexus Inc. (the “Company”) approved a strategic\ndecision to formally establish a new real estate operating subsidiary and authorized management to continue reducing the\nCompany’s exposure to digital assets by exiting the Company’s digital asset business. In connection with that decision,\nthe Board also approved the elimination of the position of the Company’s CEO - Digital Assets Division, effective June 30,\n2026, concluding that the position would no longer be necessary following the Company’s exit from the digital asset\nbusiness.\n\n \n\nEffective June 30, 2026, Maja Vujinovic’s employment with the Company ceased and she resigned as a member of the Board in connection with\nher entry into a consulting arrangement with the Company. Mrs. Vujinovic’s consulting arrangement will be for a period of 6 months in exchange for a fee of $325,000.\n\n \n\nIn connection with her separation from employment,\nand pursuant to the terms of her previously disclosed Employment Agreement, and subject to Mrs. Vujinovic’s timely execution and\nnon-revocation of a general release of claims in favor of the Company, Mrs. Vujinovic will be entitled to receive the following in accordance\nwith the terms of her employment agreement:\n\n \n\n●cash\nseverance and benefits equal to six months of her base salary, totaling $300,000;\n\n●a\nprorated annual bonus for 2026 totaling $150,000;\n\n●the\nCompany will issue Mrs. Vujinovic a warrant to purchase 25,000 shares of the Company’s\ncommon stock, with an exercise price equal to the reported closing price of the Company’s\ncommon stock on the trading day immediately preceding issuance. Mrs. Vujinovic’s existing\nwarrants remain outstanding and unaffected by the separation.\n\n●payment\nfor accrued but unused paid time off in accordance with Company policy; and\n\n●Company-paid\ncontinuation of COBRA health insurance coverage for six months, subject to applicable law\nand the terms of the Employment Agreement.\n\n \n\nThe\nforegoing description of Mrs. Vujinovic’s separation agreement does not purport to be complete and is qualified in its\nentirety by the terms and conditions of the actual agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein\nby reference."}