8-K
filed June 15, 2023, 7:59 PM ET
CIK 0001063537
regulatory
confidence high
sentiment negative
materiality 0.85
RiceBran Technologies: Nasdaq/NYSE listing notice — RiceBran Technologies receives Nasdaq delisting notice for bid price; appoints Eric Tompkins as Executive Chairman
RiceBran Technologies
- Nasdaq notified RiceBran on June 13, 2023 that it failed to meet the minimum $1.00 closing bid price for 30 consecutive business days.
- Company has 180 calendar days (until Dec 11, 2023) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- Executive Chairman Peter Bradley resigned June 9; directors Will Black and Jean Heggie resigned June 10 and 12, all effective immediately.
- Eric Tompkins appointed as director and Executive Chairman effective June 13; base salary increased from $200,000 to $300,000 annually.
- Company continues strategic review of assets to maximize shareholder value.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
RiceBran Technologies 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)
Exact text from the filing
June 13, 2023, RiceBran Technologies (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has not been in compliance with the minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) for a period of 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. The Company has been granted 180 calendar days, or until December 11, 2023, to regain compliance with Minimum Bid Price Requirement. Thi
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Will T. Black resigned as director at RiceBran Technologies.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 10, 2023 and June 12, 2023, respectively, each of Will T. Black and Jean M. Heggie notified the Board of his and her decision to resign from his and her position as a director, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Tompkins was appointed as Executive Chairman at RiceBran Technologies.
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
On June 13, 2023, the Board appointed Eric Tompkins to serve as a director and Executive Chairman, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jean M. Heggie resigned as director at RiceBran Technologies.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 10, 2023 and June 12, 2023, respectively, each of Will T. Black and Jean M. Heggie notified the Board of his and her decision to resign from his and her position as a director, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter G. Bradley resigned as Executive Chairman at RiceBran Technologies.
- Action
- resigned
- Role
- Executive Chairman
Exact text from the filing
On June 9, 2023, Peter G. Bradley notified the Company’s Board of Directors (the “Board”) of his decision to resign from his position as a director of the Company and Executive Chairman, effective immediately.
View on SEC.gov
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