secwatch.observer — SEC 8-K summary
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Issuer:     SCWorx Corp. (WORX)
CIK:        0001674227
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001213900-21-038066
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SCWorx receives Nasdaq delisting notice over committee composition after director resignation
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- Nasdaq notified SCWorx on July 16, 2021 of non-compliance with Rule 5605 due to lack of 3-member Audit Committee and 2-member Compensation Committee.
- Non-compliance triggered by resignation of director Mark D. Shefts effective June 25, 2021.
- Grace period to regain compliance: by earlier of next annual shareholder meeting or June 25, 2022 (or December 22, 2021 if annual meeting before that date).
- Board approved appointment of two new independent directors, subject to background checks, to restore compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674227/000121390021038066/0001213900-21-038066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674227/000121390021038066/ea144627-8k_scworx.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-038066

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