Form 8-K/A TEN Holdings, Inc. For: May 08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 8, 2026, TEN Holdings, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Filing”) reporting, among other things, the appointment of Mr. Virgilio Torres, the Company’s then Chief Financial Officer, as the Company’s Chief Executive Officer and Chairman of the Board of Directors of the Company (the “Board”) effective May 8, 2026. The Company is filing this Amendment No. 1 on Form 8-K (this “Amendment No. 1”) in accordance with Instruction 2 to Item 5.02 of Form 8-K to provide additional information regarding material changes to Mr. Torres’ compensation that had not been determined at the time of the Original Filing. This Amendment No. 1 supplements the Original Filing and should be read in conjunction with the Original Filing.
In connection with Mr. Torres’ appointment as Chief Executive Officer of the Company, the Compensation Committee of the Board (the “Committee”) approved an increase to Mr. Torres’ annual base salary from $265,000 to $400,000, effective June 30, 2026, as 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 on payment of bonuses. The Committee also approved a one-time grant of an option to purchase 120,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), with an exercise price of $1.89 per share of Common Stock and a cash-settled performance award of $200,000, subject to the achievement of certain performance objectives as set forth in the performance incentive bonus agreement attached as Exhibit 10.1 hereto.
Except as expressly stated herein, this Amendment No. 1 does not amend or update any other information contained in the Original Filing, which remains unchanged.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. The following exhibits are furnished or filed with this report, as applicable: |
| Exhibit No. | Description | |
| 10.1† | Performance Incentive Bonus Agreement, dated July 15, 2026, between Mr. Virgilio Torres and the Company | |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document | |
| † | Management contract or compensatory plan or arrangement. |
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 hereunto duly authorized.
| TEN HOLDINGS, INC. | ||
| Date: July 16, 2026 | By: | /s/ Virgilio Torres |
| Virgilio Torres | ||
| Chief Executive Officer and Chief Financial Officer | ||
ATTACHMENTS / EXHIBITS
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