secwatch.observer — SEC 8-K summary
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Issuer:     DZS INC. (—)
CIK:        0001101680
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001101680-24-000041
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101680/000110168024000041/0001101680-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101680/000110168024000041/dzsi-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001101680-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer