{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-184862","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.485915+00:00","generated_at":"2026-05-31T16:20:53.169422+00:00","sec_items":["3.01","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Beneficient receives Nasdaq delisting notice for audit committee non-compliance after two directors resign","bullets":["Nasdaq notified Beneficient on July 25, 2024 of non-compliance with audit committee composition requirements under Listing Rule 5605.","Company has cure period until earlier of next annual meeting or July 21, 2025; must comply by Jan 15, 2025 if annual meeting before then.","Director Emily B. Hill resigned effective Sept 30, 2024; Dennis P. Lockhart resigned effective immediately on July 19, 2024.","Both resignations were not due to disagreement with company; they remain on board of managers of subsidiary BFF.","Non-compliance has no immediate effect on listing or trading of BENF common stock on Nasdaq."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-184862","json":"https://secwatch.observer/filing/0001193125-24-184862.json","markdown":"https://secwatch.observer/filing/0001193125-24-184862.md","text":"https://secwatch.observer/filing/0001193125-24-184862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524184862/0001193125-24-184862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524184862/d867534d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:20:53.169422+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47440a7313","claim":"Emily B. Hill resigned as Member of the Board and the Audit Committee at Beneficient.","evidence_excerpt":"On July 19, 2024, Emily B. Hill delivered notice of resignation as a member of the Board and the Audit Committee effective September 30, 2024 (the \"Hill Resignation\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524184862/0001193125-24-184862-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Member of the Board and the Audit Committee"}],"fact_type":"executive_change"},{"claim_id":"caa901ae49","claim":"Dennis P. Lockhart resigned as Member of the Board and the Audit Committee at Beneficient.","evidence_excerpt":"Also on July 19, 2024, Dennis P. Lockhart resigned as a member of the Board and the Audit Committee effective immediately (the \"Lockhart Resignation\" and together with the Hill Resignation, the \"Resignations\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524184862/0001193125-24-184862-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Member of the Board and the Audit Committee"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}