---
schema_version: "secwatch.filing_event.v1"
accession: "0000924805-23-000084"
form_type: "8-K"
ticker: "FRHC"
cik: "0000924805"
company_name: "Freedom Holding Corp."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:41:05.310876+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freedom Holding receives Nasdaq noncompliance notice for late Q1 filing; exec pay raised

## Summary
- Nasdaq notified Freedom Holding on Aug 11, 2023, of noncompliance with Listing Rule 5250(c)(1) for failing to timely file Form 10-Q for June 30, 2023.
- Company has 60 days (until Oct 10, 2023) to submit a compliance plan; if accepted, Nasdaq may grant up to 180 days (to Feb 5, 2024).
- CEO base salary increased to $2.5M (from $1.15M), President and CFO to $1M each (from ~$319K and ~$316K), retroactive to Apr 1, 2023.
- New quarterly bonus plan: CEO eligible for up to $625K/quarter, President and CFO up to $250K/quarter; Q1 bonuses of those amounts were approved.

## SEC filing metadata
- accession: 0000924805-23-000084
- form_type: 8-K
- ticker: FRHC
- cik: 0000924805
- company_name: Freedom Holding Corp.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924805/000092480523000084/0000924805-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924805/000092480523000084/frhc-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924805-23-000084
- JSON: https://secwatch.observer/filing/0000924805-23-000084.json
- Plain text: https://secwatch.observer/filing/0000924805-23-000084.txt

## Key facts
- Listing & Compliance Notices
  Freedom Holding Corp. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: August 11, 2023, Freedom Holding Corp. (the “Company”) received a letter (the “Non-Compliance Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of its failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “June 2023 10-Q”). The Non-Compliance Letter provides that, under Nasdaq rules, the Company now has 60 calendar days, or until October 10, 2023, to submit to Nasdaq a plan to regain
  evidence_url: https://www.sec.gov/Archives/edgar/data/924805/000092480523000084/0000924805-23-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.