DZS granted Nasdaq continued listing extension through August 5, 2024; Director David Schopp resigns

DZS INC.

Nasdaq Hearings Panel granted continued listing extension to August 5, 2024; company must file restated financials and delayed reports by that date.
Director David Schopp resigned effective May 27, 2024, after six years; not due to any disagreement with Company.
DZS appointed Todd Jackson and Paul Choi to Board in January 2024, increasing Board to eight; Board to consider filling Schopp's vacancy or reducing size.
Company working with new independent auditor BDO USA to complete restated financial statements and delinquent filings by August 5 deadline.
CEO Charlie Vogt thanked Schopp for his contributions during historic growth, acquisitions, and restatement process.

item 5.02 item 7.01 item 9.01

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Departed

David Schopp

member of the Board of Directors

DZS INC.

Effective: 2024-05-27
Filed: April 24, 2024, 7:59 PM ET

On April 22, 2024, David Schopp, a member of the Board of Directors (the “Board”) of DZS Inc. (the “Company”), notified the Company of his resignation from the Company’s Board to focus on other personal and professional commitments, effective May 27, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

David Schopp resigned as member of the Board of Directors at DZS INC..

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

On April 22, 2024, David Schopp, a member of the Board of Directors (the “Board”) of DZS Inc. (the “Company”), notified the Company of his resignation from the Company’s Board to focus on other personal and professional commitments, effective May 27, 2024.

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Source: SEC EDGAR

accession 0001101680-24-000041

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