Filing Summary
Business Context and Reporting Period
Nocera, Inc., a Nevada corporation headquartered in New Taipei City, Taiwan, filed this Form 8-K regarding events occurring on December 31, 2021. The company identifies as an emerging growth company and has no securities registered under Section 12(b) of the Exchange Act.
Material Events
- Termination of agreement: Nocera and JC Development Co., Ltd. mutually terminated their exclusive Regional Agency Cooperation (Marketing) Agreement in Taiwan, originally entered into in September 2019. The termination was effective December 31, 2021.
- Board and officer change: Erik Nelson resigned as a director and Corporate Secretary effective December 31, 2021.
- Appointment: The board appointed Gerald H. Lindberg as a director and Corporate Secretary. His disclosed background includes service as a board member and CFO of public companies, startup and capital-raising advisory experience, and legal and regulatory experience.
Financial Metrics, Liquidity, and Outlook
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, operating results, financial guidance, or other quantitative financial metrics.
The filing does not state the financial or operational impact of terminating the JC Development agreement, nor does it provide management commentary regarding the company’s outlook or related risks.
Investor Verification Items
- Verify whether termination of the Taiwan marketing agreement affects customer acquisition, sales, distribution, or expected revenue.
- Review subsequent filings for additional details regarding the agreement’s termination, including any payments, obligations, or disputes.
- Confirm the duties and continued service status of Gerald H. Lindberg as director and Corporate Secretary.
- Review the company’s financial statements and later filings for liquidity, capitalization, debt, and operating performance, which are not addressed in this Form 8-K.