---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017578"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:38:28.648856+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RiceBran Technologies receives Nasdaq delisting notice for bid price; appoints Eric Tompkins as Executive Chairman

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-017578
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/ribt20230615_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017578
- JSON: https://secwatch.observer/filing/0001437749-23-017578.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017578.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm
- Executive change
  Will T. Black resigned as director at RiceBran Technologies.
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm
- Executive change
  Eric Tompkins was appointed as Executive Chairman at RiceBran Technologies.
  - Action: appointed
  - Role: Executive Chairman
  source text: On June 13, 2023, the Board appointed Eric Tompkins to serve as a director and Executive Chairman, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm
- Executive change
  Jean M. Heggie resigned as director at RiceBran Technologies.
  - Action: resigned
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm
- Executive change
  Peter G. Bradley resigned as Executive Chairman at RiceBran Technologies.
  - Action: resigned
  - Role: Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923017578/0001437749-23-017578-index.htm

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