{"url_path":"/sec/xhld/8-k/2026-07-16/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/A","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/2030954/0001493152-26-033567-index.html","accession_number":"0001493152-26-033567","cik":"0002030954","ticker":"XHLD","issuer_name":"TEN Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2030954/0001493152-26-033567-index.html","primary_entity_key":"0002030954","primary_entity_name":"TEN Holdings, Inc."},"word_count":302,"has_tables":true,"body_markdown":"** **\n\n**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\nMay 8, 2026, TEN Holdings, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Filing”) reporting,\namong other things, the appointment of Mr. Virgilio Torres, the Company’s then Chief Financial Officer, as the Company’s\nChief Executive Officer and Chairman of the Board of Directors of the Company (the “Board”) effective May 8, 2026. The Company\nis filing this Amendment No. 1 on Form 8-K (this “Amendment No. 1”) in accordance with Instruction 2 to Item 5.02 of Form\n8-K to provide additional information regarding material changes to Mr. Torres’ compensation that had not been determined at the\ntime of the Original Filing. This Amendment No. 1 supplements the Original Filing and should be read in conjunction with the Original\nFiling.\n\n \n\nIn\nconnection with Mr. Torres’ appointment as Chief Executive Officer of the Company, the Compensation Committee of the Board (the\n“Committee”) approved an increase to Mr. Torres’ annual base salary from $265,000 to $400,000, effective June 30, 2026,\nas well as a one-time cash bonus of $200,000, which is expected to be paid in 2027 in accordance with the Company’s past practices\non payment of bonuses. The Committee also approved a one-time grant of an option to purchase 120,000 shares of the Company’s common\nstock, par value $0.0001 per share (the “Common Stock”), with an exercise price of $1.89 per share of Common Stock and a\ncash-settled performance award of $200,000, subject to the achievement of certain performance objectives as set forth in the performance\nincentive bonus agreement attached as Exhibit 10.1 hereto.\n\n \n\nExcept\nas expressly stated herein, this Amendment No. 1 does not amend or update any other information contained in the Original Filing, which\nremains unchanged."}