---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-010027"
form_type: "8-K"
ticker: "ISSC"
cik: "0000836690"
company_name: "INNOVATIVE SOLUTIONS & SUPPORT INC"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:21:44.240887+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# ISSC regains Nasdaq compliance after audit committee composition issue

## Summary
- Company inadvertently violated Nasdaq Rule 5605(c)(2) due to audit committee member not independent.
- Parizad Olver Parchi removed from Audit Committee after $72,990 consulting fee to her firm.
- Stephen Belland appointed to Audit Committee effective January 28, 2024.
- Nasdaq confirmed compliance regained on January 31, 2024.

## SEC filing metadata
- accession: 0001104659-24-010027
- form_type: 8-K
- ticker: ISSC
- cik: 0000836690
- company_name: INNOVATIVE SOLUTIONS & SUPPORT INC
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836690/000110465924010027/0001104659-24-010027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836690/000110465924010027/tm244967d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-010027
- JSON: https://secwatch.observer/filing/0001104659-24-010027.json
- Plain text: https://secwatch.observer/filing/0001104659-24-010027.txt

## Key facts
- Listing & Compliance Notices
  INNOVATIVE SOLUTIONS & SUPPORT INC received a nasdaq compliance regained notice regarding audit committee (rules 5605(c)(2)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: audit committee
  - Rules: 5605(c)(2)
  source text: January 31, 2024, Nasdaq issued a letter to the Company acknowledging the non-compliance described above and confirming that, subject to the satisfaction of applicable disclosure requirements, the Company has regained compliance with Nasdaq Listing Rule 5605(c)(2). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE SOLUTIONS AND SUPPORT, INC. Date: February 2, 2024 By: /s/ Shahram Askarpour Shahram Askarpour Chief Executive Office
  evidence_url: https://www.sec.gov/Archives/edgar/data/836690/000110465924010027/0001104659-24-010027-index.htm

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