{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-078415","form_type":"8-K","ticker":null,"cik":"0001839360","company_name":"FaZe Holdings Inc.","filed_at":"2023-09-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.640296+00:00","generated_at":"2026-06-10T11:06:42.868627+00:00","sec_items":["3.01","5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FaZe Holdings terminates CEO Lee Trink; Nasdaq grants 180-day extension for bid price compliance","bullets":["Lee Trink terminated as CEO effective Sept 9, 2023; Board demanded and accepted his resignation from the Board on Sept 10.","Nasdaq granted additional 180-day compliance period until March 18, 2024 to regain minimum bid price of $1 per share.","Company previously failed to meet Bid Price Requirement as of March 23, 2023; original deadline was Sept 19, 2023.","Company intends to cure bid price deficiency by effecting a reverse stock split, if necessary."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-078415","json":"https://secwatch.observer/filing/0001213900-23-078415.json","markdown":"https://secwatch.observer/filing/0001213900-23-078415.md","text":"https://secwatch.observer/filing/0001213900-23-078415.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/0001213900-23-078415-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/ea185591-8k_fazehold.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T11:06:42.868627+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":"a43e9fa0d4b2d10061d507bc3bd91b7a22c66f00","claim":"FaZe Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"notifying the Company that the Company’s common stock no longer met the Nasdaq requirement for continued listing on The Nasdaq Capital Market to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the \"Bid Price Requirement\"). The Company was provided until September 19, 2023, to regain compliance with the continued","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/0001213900-23-078415-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"14bdc79507","claim":"Lee Trink was terminated as Chief Executive Officer at FaZe Holdings Inc..","evidence_excerpt":"the Board of Directors of the Company (the “Board”) took action to terminate Lee Trink from his position as Chief Executive Officer of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/0001213900-23-078415-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}