Current Report Filing (8-k)
May 05 2020 - 9:25AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 4, 2020
Zynex,
Inc.
(Exact name of registrant as specified
in its charter)
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Nevada
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001-38804
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90-0275169
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(State or other jurisdiction
of incorporation)
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Commission File
Number
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(I.R.S. Employer Identification No.)
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9555 Maroon Circle, Englewood,
CO 80112
(Address of principal
executive offices) (Zip Code)
Registrant's telephone number, including
area code: (303) 703-4906
______________________________________________________
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Ticker symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.001 par value per share
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ZYXI
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging
growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
On May 4, 2020, Thomas Sandgaard, Chief
Executive Officer and Chairman of Zynex, Inc., a Nevada corporation (the “Company”), adopted a written sales plan in
accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Plan”) for the sale of up to 500,000
shares of the Company’s common stock owned by Mr. Sandgaard and his affiliated entity during the period beginning June 1,
2020 and ending on May 1, 2021, subject to applicable securities laws, including Rule 144. The Plan provides for the sale of the
shares at minimum prices ranging from $30.10 to $50.10.
Rule
10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in
possession of material, non-public information. Using these plans, insiders may gradually diversify their investment portfolios
and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting
their plans. In accordance with Rule 10b5-1, Mr. Sandgaard will have no discretion over the sales of his shares of common
stock under the Plan.
Any stock sales made under the Plan for
Mr. Sandgaard will be publicly disclosed, as required by applicable securities laws. Except as may be required by applicable law,
the Company does not undertake to report modifications, terminations or other activities under the Plan for Mr. Sandgaard.
SIGNATURES
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 thereunto duly authorized.
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Zynex, Inc.
(Registrant)
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Dated: May 5, 2020
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/s/ Daniel Moorhead
Chief Financial Officer
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