secwatch.observer — SEC 8-K summary
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Issuer:     PubMatic, Inc. (PUBM)
CIK:        0001422930
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001422930-22-000002
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

PubMatic board member Narendra Gupta dies; audit committee now non-compliant with Nasdaq rule
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- Director Narendra Gupta passed away on December 25, 2021; he served on Audit and Nominating committees.
- Due to his death, the Audit Committee has fewer than three independent members, violating Nasdaq Listing Rule 5605(c)(2)(A).
- Nasdaq granted a cure period ending at the earlier of the 2022 annual meeting or December 25, 2022.
- Company plans to appoint an additional independent director to the Audit Committee during the cure period.
- PubMatic received a letter from Nasdaq on December 29, 2021 confirming noncompliance and the cure terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1422930/000142293022000002/0001422930-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1422930/000142293022000002/pubm-20211227.htm
  HTML page:      https://secwatch.observer/filing/0001422930-22-000002

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