---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-005729"
form_type: "8-K"
ticker: null
cik: "0001675634"
company_name: "ShiftPixy, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:38:33.365065+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ShiftPixy receives Nasdaq deficiency notice for audit committee independence

## Summary
- Independent director resigned from audit committee, violating Nasdaq Listing Rule 5605 requiring majority independent board and three-member audit committee with financial expertise.
- Company must regain compliance by earlier of next annual shareholders' meeting or July 25, 2024.
- No immediate delisting effect; non-compliance could lead to delisting subject to appeal.
- Nasdaq letter received August 2, 2023; company has cure period as described.

## SEC filing metadata
- accession: 0001477932-23-005729
- form_type: 8-K
- cik: 0001675634
- company_name: ShiftPixy, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675634/000147793223005729/0001477932-23-005729-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675634/000147793223005729/pixy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-005729
- JSON: https://secwatch.observer/filing/0001477932-23-005729.json
- Plain text: https://secwatch.observer/filing/0001477932-23-005729.txt

## Key facts
- Listing & Compliance Notices
  ShiftPixy, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605
  source text: August 2, 2023, ShiftPixy, Inc. (the “Company”) received a letter (the “Nasdaq Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), which notifies the Company that, in view of the recent resignation of an independent director who was a member of the Company’s audit committee, the Company does not presently comply with Nasdaq’s Listing Rule 5605, which requires that a majority of the Company’s board of directors be comprised of independent directors, and that the Company has an audit committee comprised of at least three indep
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793223005729/0001477932-23-005729-index.htm

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