---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-044269"
form_type: "8-K"
ticker: "ISPR"
cik: "0001948455"
company_name: "Ispire Technology Inc."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:56:35.714721+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ispire appoints Jay Yu as CFO, cuts $10.2M in annual operating expenses

## Summary
- Former CFO Jim McCormick departed on May 13, 2025; no disclosed disagreement.
- Jay Yu, previously VP of Finance since June 2023, appointed as new CFO effective immediately.
- Workforce reduction and contractor terminations to cut $3.6M in annual payroll in May 2025.
- Company plans additional $6.6M in operating expense cuts over the next three months.
- Total annualized expense reduction targeted at $10.2M to drive profitability.

## SEC filing metadata
- accession: 0001213900-25-044269
- form_type: 8-K
- ticker: ISPR
- cik: 0001948455
- company_name: Ispire Technology Inc.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1948455/000121390025044269/0001213900-25-044269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1948455/000121390025044269/ea0242371-8k_ispire.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-044269
- JSON: https://secwatch.observer/filing/0001213900-25-044269.json
- Plain text: https://secwatch.observer/filing/0001213900-25-044269.txt

## Key facts
- Executive change
  James Patrick McCormick departed as Chief Financial Officer at Ispire Technology Inc..
  - Action: departed
  - Role: Chief Financial Officer
  source text: On May 13, 2025, Mr. James Patrick McCormick’s service to Ispire Technology Inc. (the “Company”) as its Chief Financial Officer ended, as did Mr. McCormick’s employment by the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1948455/000121390025044269/0001213900-25-044269-index.htm
- Executive change
  Jie "Jay" Yu was appointed as Chief Financial Officer at Ispire Technology Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On May 13, the Board of Directors (the “Board”) of the Company appointed Jie “Jay” Yu as the new Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1948455/000121390025044269/0001213900-25-044269-index.htm

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