---
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"
generated_at: "2026-06-10T11:06:42.868627+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FaZe Holdings terminates CEO Lee Trink; Nasdaq grants 180-day extension for bid price compliance

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-078415
- form_type: 8-K
- cik: 0001839360
- company_name: FaZe Holdings Inc.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-078415
- JSON: https://secwatch.observer/filing/0001213900-23-078415.json
- Plain text: https://secwatch.observer/filing/0001213900-23-078415.txt

## Key facts
- Listing & Compliance Notices
  FaZe Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/0001213900-23-078415-index.htm
- Executive change
  Lee Trink was terminated as Chief Executive Officer at FaZe Holdings Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1839360/000121390023078415/0001213900-23-078415-index.htm

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