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 March 25, 2025, the Board of Directors of PetVivo Holdings, Inc. (the “Company”) approved the amendment of the Employment Agreement dated as of November 1, 2021 (the “Agreement”) between the Company and the Chief Executive Officer of the Company, John Lai (the “CEO”), to extend the term of employment of the CEO from October 1, 2024 to March 31, 2027, unless otherwise terminated in accordance with the terms of the Agreement. The Agreement Amendment having an Effective Date of May 1, 2025, provides that, in addition to other compensation provided for in the Agreement, the Company shall pay the CEO a base salary at an annual rate of not less than $150,000 from May 1, 2024 through the remaining term of employment.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit are being furnished herein:
| 10.1 | First Amendment to Employment Agreement, dated March 25, 2025, by and between the Company and John Lai. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized
| PETVIVO HOLDINGS, INC. | ||
| Date: March 25, 2024 | By: | /s/ John Lai |
| Name: | John Lai | |
| Title: | Chief Executive Officer | |