secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0000950170-23-032749
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

After board resignation, SemiLEDs gets Nasdaq audit committee and equity shortfall notices
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023032749/0000950170-23-032749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023032749/leds-8k-2023_roger_lee_r.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032749

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