---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033095"
form_type: "8-K/A"
ticker: "LEDS"
cik: "0001333822"
company_name: "SemiLEDs Corp"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:31:08.216271+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SemiLEDs receives NASDAQ deficiency notices for audit committee and equity; director resigns

## Summary
- Director Roger Lee resigned July 10, 2023, effective immediately, creating audit committee vacancy.
- NASDAQ notified company July 11 of audit committee non-compliance; cure period through July 10, 2024 or earlier.
- NASDAQ also notified company July 11 of failure to meet $2.5M stockholders' equity minimum; 45 days to submit plan.
- Company warns non-compliance may lead to delisting, harming stock liquidity and marketability.
- Company intends to appoint replacement director and submit compliance plan, but no assurance of success.

## SEC filing metadata
- accession: 0000950170-23-033095
- form_type: 8-K/A
- ticker: LEDS
- cik: 0001333822
- company_name: SemiLEDs Corp
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333822/000095017023033095/0000950170-23-033095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333822/000095017023033095/leds-20230710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033095
- JSON: https://secwatch.observer/filing/0000950170-23-033095.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033095.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/1333822/000095017023033095/0000950170-23-033095-index.htm

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