secwatch.observer — SEC 8-K summary
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Issuer:     BurgerFi International, Inc. (—)
CIK:        0001723580
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001213900-24-074577
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BurgerFi gets Nasdaq deficiency notices for late Q2 filing and board committee composition
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- Nasdaq cited failure to timely file Q2 10-Q (Rule 5250(c)(1)) and lack of audit/compensation committee independence after three director resignations.
- Company must submit compliance plan within 45 days (committee) and 60 days (filing); Nasdaq can grant extensions to Feb 2025.
- Andrew Taub resigned from Board effective Aug 27; David Gordon and Michael Epstein appointed as directors.
- Epstein and Gordon each receive $15,000 monthly fee (min $90,000 total) for director services.
- BFI and BFIIW continue trading on Nasdaq; no immediate listing effect, but non-compliance risks remain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723580/000121390024074577/0001213900-24-074577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723580/000121390024074577/ea0213053-8k_burger.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-074577

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