Scientific Industries, Inc. Announces Executive Changes
April 05, 2022 at 08:07 pm IST
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Effective April 1, 2022, by mutual agreement between the Scientific Industries, Inc., (Company) Mr. Reinhard Vogt and his affiliate Societt Reinhard and Noah Vogt AG o GmbH, the consulting agreement among them dated July 20, 2020, as amended, was terminated and, the ninety (90) day notice period required under the agreement was waived and the Company made a single payment to Mr. Vogt of the consulting fees that would otherwise have been payable by the Company during such notice period. In connection with such termination, Mr. Vogt resigned from his positions as a Class A Director of the Company's Board of Directors.
Scientific Industries, Inc. designs, manufactures, and markets standard benchtop laboratory equipment and bioprocessing systems and products (Bioprocessing Systems). The Company operates through two segments: the manufacture and marketing of standard Benchtop Laboratory Equipment, which includes various types of equipment used for research and sample preparation in university, pharmacy and industrial laboratories sold primarily through laboratory equipment distributors and online, and weight and measurement products, including pill counters and digital scales, and the design, development, manufacture and marketing of bioprocessing products, principally products incorporating smart sensors and software analytics, sold primarily on a direct basis through the Companyâs internal sales force. Its Benchtop Laboratory Equipment products consist of mixers and shakers, rotators/rockers, refrigerated and shaking incubators, and magnetic stirrers sold through the Genie division.
SCIENTIFIC INDUSTRIES, INC. 
