secwatch.observer — SEC 8-K summary
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Issuer:     TUESDAY MORNING CORP/DE (—)
CIK:        0000878726
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001104659-22-117118
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tuesday Morning appoints Andrew Berger as CEO; Audit Committee non-compliant with Nasdaq
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- Andrew T. Berger appointed CEO effective Nov 4, 2022; base salary $1M, signing bonus $1M, equity grants of $500k target value.
- Audit Committee reduced to two members after Berger resigned from it; Nasdaq requires three independent members.
- Company has cure period until May 3, 2023 or next annual meeting to regain compliance with Nasdaq Listing Rule 5605(c)(2).
- William M. Baumann appointed COO and Interim Chief Merchant with base salary $515k and $20k monthly stipend.
- Berger's employment agreement includes three-year term with potential renewal; severance provisions outlined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/878726/000110465922117118/0001104659-22-117118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/878726/000110465922117118/tm2230201d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-117118

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