Scientific Industries, Inc. (SCND) filed a Current Report on Form 8-K dated October 1, 2026, disclosing the extension of employment agreements for three key executives.
The report indicates that on October 1, 2026, the Company entered into a new employment agreement with Zachary Rovinsky, who serves as the Chief Financial Officer. Under this agreement, Mr. Rovinsky will remain employed through September 30, 2028. The agreement stipulates an annual base salary of $210,000, which is subject to annual increases of 3.0%. Additionally, he is eligible for a bonus of up to 10% of his salary.
Separately, the employment agreement for Helena R. Santos, the Company’s President, Chief Executive Officer, and Treasurer, was extended. The agreement is now valid through September 30, 2027. The filing notes that the base salary for this period is set at $200,000. The agreement allows for part of this salary to be paid in equity upon mutual agreement.
The filing also details an extension for John A. Moore, the Chairman of the Board. His employment agreement with the Company’s wholly owned subsidiary, Scientific Bioprocessing, Inc. (SBI), has been extended through September 30, 2027. During this period, Mr. Moore’s salary is set at $165,000, with the provision that part of this amount may be paid in equity upon mutual agreement.
