Form 8-K
8-K — Apyx Medical Corp
Accession: 0001493152-26-036557
Filed: 2026-08-07
Period: 2026-08-06
CIK: 0000719135
SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
August
6, 2026
Date
of Report (date of earliest event reported)
APYX
MEDICAL CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
001-31885
11-2644611
(State
or other jurisdiction of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
5115
Ulmerton Road, Clearwater, Florida 33760
(Address
of principal executive offices, zip code)
(727)
384-2323
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Class A common stock
APYX
Nasdaq Global Select Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
As
described under Item 5.07 of this Current Report on Form 8-K, Apyx Medical Corporation (the “Company”) held its 2026 Annual
Meeting of Stockholders (the “Annual Meeting”), at which the Company’s stockholders approved the adoption of the Company’s
2026 Share Incentive Plan (the “2026 Plan”).
A
summary of the 2026 Plan is contained, under the heading “Approval of the 2026 Share Incentive Plan”, in the Company’s
definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on June 26, 2026 (the “Proxy
Statement”).
The
foregoing description of the 2026 Plan is qualified in its entirety by reference to the full text of the 2026 Plan that is filed as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07. Submission
of Matters to a Vote of Security Holders.
On
August 6, 2026, the following proposals were submitted to the stockholders of the Company at its Annual Meeting: (1) the election of
five (5) directors; (2) the ratification of RSM US LLP as the Company’s independent registered public accounting firm for the year
ending December 31, 2026; (3) the approval of a non-binding advisory resolution supporting the compensation of the Company’s named
executive officers; and (4) the approval of the Company’s 2026 Share Incentive Plan.
The
proposals are described in more detail in the Proxy Statement.
The
following are the final voting results for each proposal:
Proposal
1:
The Company’s
stockholders elected each of the following five (5) directors to serve on the Board of Directors of the Company until the 2027 Annual
Meeting of Stockholders or until their respective successors have been duly elected and qualified, by the following vote:
Name
Number
of Votes
Cast in Favor
Number
of Votes
Cast Against
Number
of Votes
Abstained
Broker
Non-Votes
Stavros G. Vizirgianakis
18,051,294
4,083,005
84,359
7,677,267
Charles D. Goodwin
21,338,164
788,416
92,078
7,677,267
Lawrence J. Waldman
21,332,747
718,782
167,129
7,677,267
Minnie Baylor-Henry
15,400,914
6,650,608
167,136
7,677,267
Wendy Levine
15,395,258
6,656,271
167,129
7,677,267
Proposal
2:
The
Company’s stockholders ratified the appointment of RSM US LLP as the Company’s independent registered public accounting
firm for the year ending December 31, 2026, by the following vote:
Number
of Votes
Cast in Favor
Number
of Votes
Cast Against
Number
of Votes
Abstained
Broker
Non-Votes
29,814,618
31,610
49,697
-
Proposal
3:
The
Company’s stockholders approved a non-binding advisory resolution supporting the compensation of the Company’s named
executive officers, by the following vote:
Number
of Votes
Cast in Favor
Number
of Votes
Cast Against
Number
of Votes
Abstained
Broker
Non-Votes
21,458,554
669,298
90,806
7,677,267
Proposal
4:
The
Company’s stockholders approved the Company’s 2026 Share Incentive Plan, by the following vote:
Number
of Votes
Cast in Favor
Number
of Votes
Cast Against
Number
of Votes
Abstained
Broker
Non-Votes
16,186,776
2,755,882
3,276,000
7,677,267
Item 9.01. Financial
Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
10.1
Apyx Medical Corporation 2026 Share Incentive Plan
104
Cover Page Interactive
Data File (embedded within the Inline XBRL document)
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.
Date: August 7, 2026
APYX MEDICAL CORPORATION
By:
/s/ Matthew
Hill
Matthew Hill
Chief Financial Officer,
Secretary and Treasurer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
APYX
MEDICAL CORPORATION
2026
SHARE INCENTIVE PLAN
Section
1. Purpose.
The
purposes of the Apyx Medical Corporation 2026 Share Incentive Plan (the “Plan”) are to: (i) aid in maintaining and developing
key employees capable of assuring the future success of Apyx Medical Corporation (the “Company”), and to offer such personnel
incentives to put forth maximum efforts for the success of the Company’s business; (ii) to enhance the Company’s ability
to attract and retain the services of experienced and knowledgeable outside directors; and (iii) to afford such key employees and outside
directors an opportunity to acquire a proprietary interest in the Company, thereby aligning their interests with the interests of the
Company’s stockholders.
Section
2. Definitions.
As
used in the Plan, the following terms shall have the meanings set forth below:
a. “Affiliate”
shall mean (i) any entity that, directly or indirectly through one or more intermediaries,
is controlled by the Company and (ii) any entity in which the Company has a significant equity
interest, as determined by the Committee.
b. “Award”
shall mean any Option or Restricted Stock granted under the Plan.
c. “Award
Agreement” shall mean any written agreement, contract or other instrument or document
evidencing any Award granted under the Plan.
d. “Code”
shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations
promulgated thereunder.
e. “Committee”
shall mean a committee of the Board of Directors of the Company designated by such Board
to administer the Plan and composed of not less than three (3) directors, each of whom is
a “Non-Employee Director” within the meaning of Rule 16b-3.
f. “Fair
Market Value” shall mean, with respect to any property (including, without limitation,
any Shares or other securities), the fair market value of such property determined by such
methods or procedures as shall be established from time to time by the Committee. Notwithstanding
the foregoing, for purposes of the Plan, the Fair Market Value of Shares on a given date
shall be the closing price of the Shares on such date on The Nasdaq Global Select Market
(“Nasdaq”) or any other national securities exchange on which the Company’s
Common Stock is listed.
g. “Incentive
Stock Option” shall mean an option granted under Section 6(a) of the Plan that is intended
to meet the requirements of Section 422 of the Code or any successor provision thereto.
h. “Key
Employee” shall mean any employee of the Company or any Affiliate who the Committee
determines to be a key employee.
i. “Non-Qualified
Stock Option” shall mean an option granted under Section 6(a) of the Plan that is not
intended to be an Incentive Stock Option.
j. “Option”
shall mean an Incentive Stock Option or a Non-Qualified Stock Option.
k. “Outside
Director” shall mean each member of the Board of Directors of the Company that is not
also an employee of the Company or any Affiliate of the Company.
l. “Participant”
shall mean either: (i) a Key Employee, (ii) an Outside Director, or (iii) a third party consultant
to the Company or any Affiliate designated to be granted an Award under the Plan.
m. “Person”
shall mean any individual, corporation, partnership, association or trust.
n. “Restricted
Stock” shall mean any Share granted under Section 6(b) of the Plan.
o. “Rule
16b-3” shall mean Rule 16b-3 promulgated by the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended, or any successor rule or regulation
thereto.
p. “Shares”
shall mean shares of Common Stock, $0.001 par value, of the Company or such other securities
or property as may become subject to Awards pursuant to an adjustment made under Section
4(c) of the Plan.
Section
3. Administration.
a. Power
and Authority of the Committee. The Plan shall be administered by the Board of Directors,
or if the Board of Directors shall so designate, by the Committee. For purposes of this Plan,
references to the Committee shall mean either the Board of Directors or the Committee if
the Committee has been designated by the Board of Directors to administer the Plan. Subject
to the terms of the Plan and applicable law, the Committee shall have full power and authority
to: (i) designate Participants; (ii) determine the type or types of Awards to be granted
to each Participant under the Plan; (iii) determine the number of Shares to be covered by
(or with respect to which payments are to be calculated in connection with) Awards; (iv)
determine the terms and conditions of any Award or Award Agreement; (v) amend the terms and
conditions of any Award or Award Agreement and accelerate the exercisability of Options or
the lapse of restrictions relating to Restricted Stock; (vi) determine whether, to what extent
and under what circumstances Awards may be exercised in cash, Shares, other securities, other
Awards or other property, or canceled, forfeited or suspended; (vii) determine whether, to
what extent and under what circumstances cash or Shares payable with respect to an Award
under the Plan shall be deferred either automatically or at the election of the holder thereof
or the Committee; (viii) interpret and administer the Plan and any instrument or agreement
relating to, or Award made under, the Plan; (ix) establish, amend, suspend or waive such
rules and regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (x) make any other determination and take any other action
that the Committee deems necessary or desirable for the administration of the Plan. Unless
otherwise expressly provided in the Plan, all designations, determinations, interpretations
and other decisions under or with respect to the Plan or any Award shall be within the sole
discretion of the Committee, may be made at any time and shall be final, conclusive and binding
upon any Participant, any holder or beneficiary of any Award and any employee of the Company
or any Affiliate.
b. Meetings
of the Committee. The Committee shall select one of its members as its chairman and shall
hold its meetings at such times and places as the Committee may determine. A majority of
the Committee’s members shall constitute a quorum. All determinations of the Committee
shall be made by not less than a majority of its members. Any decision or determination reduced
to writing and signed by all of the members of the Committee shall be fully effective as
if it had been made by a majority vote at a meeting duly called and held. The Committee may
appoint a secretary and may make such rules and regulations for the conduct of its business
as it shall deem advisable.
Section
4. Shares Available for Awards.
a. Shares
Available. Subject to adjustment as provided in Section 4(c), the number of Shares available
for the granting of Awards under the Plan shall be 4,000,000. If any Shares covered by an
Award or to which an Award relates are not purchased or are forfeited, or if an Award otherwise
terminates without delivery of any Shares or cash payments to be received thereunder, then
the number of Shares counted against the aggregate number of Shares available under the Plan
with respect to such Award, to the extent of any such forfeiture or termination, shall again
be available for granting Awards under the Plan. In addition, any Shares that are used by
a Participant as full or partial payment to the Company of the purchase price of Shares acquired
upon exercise of an Option or to satisfy applicable tax withholding requirements (including
social insurance requirements) upon the exercise or vesting of an Award shall again be available
for granting Awards.
b. Accounting
for Awards. For purposes of this Section 4, if an Award entitles the holder thereof to
receive or purchase Shares, the number of Shares covered by such Award or to which such Award
relates shall be counted on the date of grant of such Award against the aggregate number
of Shares available for granting Awards under the Plan.
c. Adjustments.
In the event that the Committee shall determine that any dividend or other distribution (whether
in the form of cash, Shares, other securities or other property), recapitalization, stock
split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase or exchange of Shares or other securities of the Company, issuance of warrants
or other rights to purchase Shares or other securities of the Company or other similar corporate
transaction or event affects the Shares such that an adjustment is determined by the Committee
to be appropriate in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan, then the Committee shall, in such
manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or
securities or other property) which thereafter may be made the subject of Awards, (ii) the
number and type of Shares (or securities or other property) subject to outstanding Awards
and (iii) the exercise price with respect to any Award; provided, however, that the number
of Shares covered by any Award or to which such Award relates shall always be a whole number.
Section
5. Eligibility.
Any
Key Employee, including any Key Employee who is an officer or director of the Company or any Affiliate, any Outside Director or a third
party consultant to the Company or any Affiliate shall be eligible to be designated a Participant; provided, however, that an Incentive
Stock Option shall not be granted to: (1) an Outside Director; or (2) an employee of an Affiliate unless such Affiliate is also a “subsidiary
corporation” of the Company within the meaning of Section 424(f) of the Code.
Section
6. Awards.
a. Options.
The Committee is hereby authorized to grant Options to Participants with the following terms
and conditions and with such additional terms and conditions not inconsistent with the provisions
of the Plan as the Committee shall determine:
i. Exercise
Price. The purchase price per Share purchasable under an Option shall be determined by
the Committee; provided, however, that such purchase price shall not be less than the Fair
Market Value of the Shares on the date such option is granted.
ii. Option
Term. The term of each Option shall be fixed by the Committee, but such term shall not
exceed 10 years from the date on which such Option is granted.
iii. Time
and Method of Exercise. The Committee shall determine the time or times at which an Option
may be exercised in whole or in part and the method or methods by which, and the form or
forms (including, without limitation, cash, Shares, other securities, cashless exercise,
other Awards or other property, or any combination thereof, having a Fair Market Value on
the exercise date equal to the relevant exercise price) in which payment of the exercise
price with respect thereto may be made or deemed to have been made.
b. Restricted
Stock. The Committee is hereby authorized to grant Awards of Restricted Stock to Participants
with the following terms and conditions and with such additional terms and conditions not
inconsistent with the provisions of the Plan as the Committee shall determine:
i. Restrictions.
Shares of Restricted Stock shall be subject to such restrictions as the Committee may impose
(including, without limitation, any limitation on the right to vote a Share of Restricted
Stock or the right to receive any dividend or other right or property with respect thereto),
which restrictions may lapse separately or in combination at such time or times, in such
installments or otherwise as the Committee may deem appropriate.
ii. Stock
Certificates. Any Restricted Stock granted under the Plan shall be evidenced by issuance
of a stock certificate or certificates. Such certificate or certificates shall be registered
in the name of the Participant and shall bear an appropriate legend referring to the terms,
conditions and restrictions applicable to such Restricted Stock.
iii. Forfeiture;
Delivery of Shares. Except as otherwise determined by the Committee, upon termination
of employment or upon resignation or removal as an Outside Director (as determined under
criteria established by the Committee) during the applicable restriction period, all Shares
of Restricted Stock at such time subject to restriction shall be forfeited and reacquired
by the Company; provided, however, that the Committee may, when it finds that a waiver would
be in the best interest of the Company, waive in whole or in part any or all remaining restrictions
with respect to Shares of Restricted Stock. Shares representing Restricted Stock that are
no longer subject to restrictions shall be delivered to the holder thereof promptly after
the applicable restrictions lapse or are waived.
c. General.
i. No
Cash Consideration for Awards. Except as otherwise determined by the Committee, Awards
shall be granted for no cash consideration or for such minimal cash consideration as may
be required by applicable law.
ii. Awards
May Be Granted Separately or Together. Awards may, in the discretion of the Committee,
be granted either alone or in addition to, in tandem with or in substitution for any other
Award or any award granted under any plan of the Company or any Affiliate other than the
Plan. Awards granted in addition to or in tandem with other Awards or in addition to or in
tandem with awards granted under any such other plan of the Company or any Affiliate may
be granted either at the same time as or at a different time from the grant of such other
Awards or awards.
iii. Forms
of Payment Under Awards. Subject to the terms of the Plan and of any applicable Award
Agreement, payments to be made by the Company or an Affiliate upon the grant, exercise or
payment of an Award may be made in Shares, cash or a combination thereof as the Committee
shall determine, and may be made in a single payment, in installments or on a deferred basis,
in each case in accordance with rules and procedures established by the Committee. Such rules
and procedures may include, without limitation, provisions for the payment or crediting of
reasonable interest on installments or deferred payments.
iv. Limits
On Transfer of Awards. No Award and no right under any such Award shall be assignable,
alienable, salable or transferable by a Participant otherwise than by will or by the laws
of descent and distribution; provided, however, that a Participant may, in the manner established
by the Committee,
A. designate
a beneficiary or beneficiaries to exercise the rights of the Participant and receive any
property distributable with respect to any Award upon the death of the Participant, or
B. transfer
a Non-Qualified Stock Option to any “family member” (as such term is used in
Form S-8 under the Securities Act of 1933) of such Participant, provided that (1) there is
no consideration for such transfer or such transfer is effected pursuant to a domestic relations
order in settlement of marital property rights, and (2) the Non-Qualified Stock Options held
by such transferees continue to be subject to the same terms and conditions (including restrictions
or subsequent transfers) as were applicable to such Non-Qualified Stock Options immediately
prior to their transfer.
Each
Award or right under any Award shall be exercisable during the Participant’s lifetime only by the Participant, by a transferee
pursuant to a transfer permitted by clause (B) of this Section 6(c)(iv), or, if permissible under applicable law, by the Participant’s
or such transferee’s guardian or legal representative. No Award or right under any such Award may be pledged, alienated, attached
or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable against
the Company or any Affiliate.
v. Term
of Awards. Subject to the terms of the Plan, the term of each Award shall be for such
period as may be determined by the Committee.
vi. Restrictions;
Securities Exchange Listing. All certificates for Shares delivered under the Plan pursuant
to any Award or the exercise thereof shall be subject to such stop transfer orders and other
restrictions as the Committee may deem advisable under the Plan or the rules, regulations
and other requirements of the Securities and Exchange Commission and any applicable federal,
state or foreign securities laws, and the Committee may cause a legend or legends to be placed
on any such certificates to make appropriate reference to such restrictions. If the Shares
are traded on a securities exchange, the Company shall not be required to deliver any Shares
covered by an Award unless and until such Shares have been admitted for trading on such securities
exchange.
Section
7. Amendment and Termination; Adjustments.
Except
to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in the Plan:
a. Amendments
to the Plan. The Board of Directors of the Company may amend, alter, suspend, discontinue
or terminate the Plan; provided, however, that, notwithstanding any other provision of the
Plan or any Award Agreement, without the approval of the stockholders of the Company, no
such amendment, alteration, suspension, discontinuation or termination shall be made that:
i. absent
such approval, would cause Rule 16b-3 to become unavailable with respect to the Plan;
ii. requires
the approval of the Company’s stockholders under any rules or regulations of Nasdaq,
or, if applicable Financial Industry Regulatory Authority, Inc. or any securities exchange
that are applicable to the Company; or
iii. requires
the approval of the Company’s stockholders under the Code in order to permit Incentive
Stock Options to be granted under the Plan.
b. Amendments
to Awards. The Committee may waive any conditions of or rights of the Company under any
outstanding Award, prospectively or retroactively, subject to Section 7(c) of the Plan. The
Committee may not amend, alter, suspend, discontinue or terminate any outstanding Award,
prospectively or retroactively, without the consent of the Participant or holder or beneficiary
thereof.
c. Prohibition
on Option Repricing. The Committee shall not reduce the exercise price of any outstanding
Option, whether through amendment, cancellation or replacement grants, or any other means,
without shareholder approval.
d. Correction
of Defects, Omissions and Inconsistencies. The Committee may correct any defect, supply
any omission or reconcile any inconsistency in the Plan or any Award in the manner and to
the extent it shall deem desirable to carry the Plan into effect.
Section
8. Income Tax Withholding; Tax Bonuses.
a. Withholding.
In order to comply with all applicable federal, state or foreign income tax or social insurance
contribution laws or regulations, the Company may take such action as it deems appropriate
to ensure that all applicable federal, state or foreign payroll, withholding, income, social
insurance contributions or other taxes, which are the sole and absolute responsibility of
a Participant, are withheld or collected from such Participant. In order to assist a Participant
in paying all federal, state and foreign taxes to be withheld or collected upon exercise
or receipt of (or the lapse of restrictions relating to) an Award, the Committee, in its
discretion and subject to such additional terms and conditions as it may adopt, may permit
the Participant to satisfy such tax obligation by (i) electing to have the Company withhold
a portion of the Shares otherwise to be delivered upon exercise or receipt of (or the lapse
of restrictions relating to) such Award with a Fair Market Value equal to the amount of such
taxes or (ii) delivering to the Company Shares other than Shares issuable upon exercise or
receipt of (or the lapse of restrictions relating to) such Award with a Fair Market Value
equal to the amount of such taxes. The election, if any, must be made on or before the date
that the amount of tax to be withheld is determined.
b. Tax
Bonuses. The Committee, in its discretion, shall have the authority, at the time of grant
of any Award under this Plan or at any time thereafter to approve bonuses to designated Participants
to be paid upon their exercise or receipt of (or the lapse of restrictions relating to) Awards
in order to provide funds to pay all or a portion of federal, state and foreign taxes due
as a result of such exercise or receipt (or the lapse of such restrictions). The Committee
shall have full authority in its discretion to determine the amount of any such tax bonus.
Section
9. General Provisions.
a. No
Rights to Awards. No Key Employee, Participant or other Person shall have any claim to
be granted any Award under the Plan, and there is no obligation for uniformity of treatment
of Key Employees, Participants or holders or beneficiaries of Awards under the Plan. The
terms and conditions of Awards need not be the same with respect to different Participants.
b. Delegation.
The Committee may delegate to one or more officers of the Company or any Affiliate or a committee
of such officers the authority, subject to such terms and limitations as the Committee shall
determine, to grant Awards to Key Employees who are not officers or directors of the Company
for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
c. Terms
of Awards. The specific terms of an Award pursuant to the Plan shall be set forth in
an Award Agreement duly executed (by manual, facsimile or electronic signature) on behalf
of the Company.
d. No
Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent
the Company or any Affiliate from adopting or continuing in effect other or additional compensation
arrangements, and such arrangements may be either generally applicable or applicable only
in specific cases.
e. No
Right to Employment or Directorship. The grant of an Award shall not be construed as
giving a Participant the right to be retained in the employ of the Company or any Affiliate
or any right to remain as a member of the Board of Directors, as the case may be. In addition,
the Company or an Affiliate may at any time dismiss a Participant from employment (or remove
an Outside Director), free from any liability or any claim under the Plan, unless otherwise
expressly provided in the Plan or in any Award Agreement.
f. Governing
Law. The validity, construction and effect of the Plan and any rules and regulations
relating to the Plan shall be determined in accordance with the laws of the State of Delaware,
without regard to its conflicts of laws principals.
g. Severability.
If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal
or unenforceable in any jurisdiction or would disqualify the Plan or any Award under any
law deemed applicable by the Committee, such provision shall be construed or deemed amended
to conform to applicable laws, or if it cannot be so construed or deemed amended without,
in the determination of the Committee, materially altering the purpose or intent of the Plan
or the Award, such provision shall be stricken as to such jurisdiction or Award, and the
remainder of the Plan or any such Award shall remain in full force and effect.
h. No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Company
or any Affiliate and a Participant or any other Person. To the extent that any Person acquires
a right to receive payments from the Company or any Affiliate pursuant to an Award, such
right shall be no greater than the right of any unsecured general creditor of the Company
or any Affiliate.
i. No
Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the
Plan or any Award, and the Committee shall determine whether cash shall be paid in lieu of
any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled,
terminated or otherwise eliminated.
j. Headings.
Headings are given to the Sections and subsections of the Plan solely as a convenience to
facilitate reference. Such headings shall not be deemed in any way material or relevant to
the construction or interpretation of the Plan or any provision thereof.
Section
10. Effective Date of the Plan.
The
Plan shall be effective as of the date of its approval by the stockholders of the Company.
Section
11. Term of the Plan.
Awards
shall be granted under the Plan during a period commencing the date the Plan was approved by the stockholders of the Company, through
a date which is ten (10) years from the date of such shareholder approval. However, unless otherwise expressly provided in the Plan or
in an applicable Award Agreement, any Award theretofore granted may extend beyond the ending date of the period stated above, and the
authority of the Committee provided for hereunder with respect to the Plan and any Awards, and the authority of the Board of Directors
of the Company to amend the Plan, shall extend beyond the end of such period.
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Filename: R1.htm · Sequence: 8
v3.26.1
Cover
Aug. 06, 2026
Cover [Abstract]
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Aug. 06, 2026
Entity File Number
001-31885
Entity Registrant Name
APYX
MEDICAL CORPORATION
Entity Central Index Key
0000719135
Entity Tax Identification Number
11-2644611
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
5115
Ulmerton Road
Entity Address, City or Town
Clearwater
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
33760
City Area Code
(727)
Local Phone Number
384-2323
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Title of 12(b) Security
Class A common stock
Trading Symbol
APYX
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
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