secwatch.observer — SEC 8-K summary
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Issuer:     Freedom Holding Corp. (FRHC)
CIK:        0000924805
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0000924805-23-000084
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924805/000092480523000084/0000924805-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924805/000092480523000084/frhc-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000924805-23-000084

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