secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001062993-22-015405
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkaline Water receives Nasdaq delisting notice for failing independent director rule
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- Letter from Nasdaq staff on June 21, 2022 cites non-compliance with Listing Rule 5605.1.
- Cause: resignation of CEO/director Richard Wright and CEO appointment of Frank Lazaran reduced independent directors to two.
- Cure period extends until earlier of next annual meeting or June 2, 2023 (or Nov 29, 2022 if annual meeting before then).
- Company plans to regain compliance within the cure period and is actively seeking new independent directors.
- Failure to cure may result in delisting; company may appeal to a hearings panel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322015405/0001062993-22-015405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322015405/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-015405

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