---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-25-001074"
form_type: "8-K"
ticker: "BANX"
cik: "0001578987"
company_name: "ArrowMark Financial Corp."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:04:07.935464+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# ArrowMark Financial receives Nasdaq non-compliance notice due to Audit Committee composition after director death

## Summary
- Michael Stolper, independent director and Audit Committee member, died March 21, 2025.
- Company now has only two independent directors on Audit Committee, violating Nasdaq Listing Rule 5605(c) requiring three.
- Nasdaq granted cure period until earlier of next annual meeting or March 21, 2026, or if annual meeting before Sep 17, 2025, comply by Sep 17, 2025.
- Nominating Committee actively seeking a qualified independent director to fill vacancy.
- Company expects to appoint suitable candidate before the September 17, 2025 deadline.

## SEC filing metadata
- accession: 0000930413-25-001074
- form_type: 8-K
- ticker: BANX
- cik: 0001578987
- company_name: ArrowMark Financial Corp.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1578987/000093041325001074/0000930413-25-001074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1578987/000093041325001074/c112270_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-25-001074
- JSON: https://secwatch.observer/filing/0000930413-25-001074.json
- Plain text: https://secwatch.observer/filing/0000930413-25-001074.txt

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