FG Nexus Inc. (FGNX) Form 8-K — Jun 9, 2026
FG Nexus Inc. announced significant reductions in executive compensation for its Digital Assets Division, cutting the annual base salaries of President Theodore Rosenthal and Head of Business Development Jose Vargas from $150,000 to $30,000 each. The company explicitly attributed these cuts to a 'reduced scale of operations' in its digital asset business, signaling a strategic contraction or distress in this key segment. Concurrently, the company reported progress on its share repurchase programs, having bought back approximately 35% of its outstanding common stock and 30% of its Series A Preferred Stock through June 5, 2026.
Key figures
- Eth Held
- 3375
- Wsteth Held
- 7569
- Cash Position
- 36100000
- New Salary Vargas
- 30000
- Digital Assets Value
- 20300000
- New Salary Rosenthal
- 30000
- Common Shares Outstanding
- 5736419
- Common Shares Repurchased
- 2984212
- Avg Common Repurchase Price
- 13.62
- Preferred Shares Outstanding
- 630105
- Preferred Shares Repurchased
- 264465
- Avg Preferred Repurchase Price
- 24.97
- Common Repurchase Percent
- 35%
- Preferred Repurchase Percent
- 30%
Price after filing
Close on the filing date to close N calendar days later (from $6.10). Historical, not a forecast.
AI analysis
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