Director Duc Pham resigns; board shrinks to three; Executive Chair Levin term extended

CHARLES & COLVARD LTD

Duc Pham resigned from the Board effective March 25, 2026, citing no disagreement with the company.
Board size reduced from four to three; Bylaws amended to permit 3-9 directors (was 4-9).
Michael Levin's term as Executive Chair extended one additional month; compensation set at $7,500/month.
Pham served on Audit Committee as chair of Compensation Committee; no replacement named.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CHARLES & COLVARD LTD: Amended bylaws to change the range of authorized director count from 4-9 to 3-9 (effective 2026-03-27).

Change: bylaw amendment
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026, the Board amended the Company’s Bylaws to provide that the number of directors constituting the Board can be between three and nine directors, which was previously between four and nine directors.

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Source: SEC EDGAR

accession 0001104659-26-036262

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