---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032749"
form_type: "8-K"
ticker: "LEDS"
cik: "0001333822"
company_name: "SemiLEDs Corp"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:39:53.636663+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# After board resignation, SemiLEDs gets Nasdaq audit committee and equity shortfall notices

## Summary
- Director Roger Lee resigned effective July 10, 2023, for personal reasons; no policy disagreement.
- Nasdaq issued two deficiency notices on July 11: audit committee non-compliance (Rule 5605) and insufficient stockholders' equity (Rule 5550(b)(1)).
- Company must submit a compliance plan within 45 days; possible extension up to 180 days from July 11.
- Audit committee cure period runs until earlier of next annual meeting or July 10, 2024 (or Jan 8, 2024 if meeting before that).

## SEC filing metadata
- accession: 0000950170-23-032749
- form_type: 8-K
- ticker: LEDS
- cik: 0001333822
- company_name: SemiLEDs Corp
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333822/000095017023032749/0000950170-23-032749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333822/000095017023032749/leds-8k-2023_roger_lee_r.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032749
- JSON: https://secwatch.observer/filing/0000950170-23-032749.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032749.txt

## Key facts
- Executive change
  Roger Lee resigned as Director at SemiLEDs Corp.
  - Action: resigned
  - Role: Director
  source text: On July 10, 2023, Roger Lee resigned as a director of SemiLEDs Corporation effective immediately due to personal reason.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333822/000095017023032749/0000950170-23-032749-index.htm

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