---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001711"
form_type: "8-K"
ticker: "POLA"
cik: "0001622345"
company_name: "Polar Power, Inc."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:19:37.651227+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Polar Power receives Nasdaq notice for non-compliance with independent director rule

## Summary
- Nasdaq notified Polar Power on Jan 5, 2024 of non-compliance with Listing Rule 5605 due to director Peter Gross's resignation.
- Cure period until earlier of next annual shareholders' meeting or Dec 18, 2024; if meeting before June 17, 2024 then by June 17, 2024.
- Company plans to appoint an additional independent director before cure period ends to regain compliance.

## SEC filing metadata
- accession: 0001493152-24-001711
- form_type: 8-K
- ticker: POLA
- cik: 0001622345
- company_name: Polar Power, Inc.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622345/000149315224001711/0001493152-24-001711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622345/000149315224001711/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001711
- JSON: https://secwatch.observer/filing/0001493152-24-001711.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001711.txt

## Key facts
- Listing & Compliance Notices
  Polar Power, Inc. received a nasdaq deficiency notice notice regarding board independence (rules 5605, 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: board independence
  - Rules: 5605, 5605(c)(4)
  source text: January 5, 2024, the Company received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) that due to Mr. Gross’ resignation, the Company is no longer in compliance with Nasdaq Listing Rule 5605. Pursuant to Nasdaq Listing Rule 5605(c)(4), the Company is entitled to a cure period to regain compliance (i) until the earlier of the Company’s next annual shareholders’ meeting or December 18, 2024; or (ii) if the next annual shareholders’ meeting is held before June 17, 2024, then the Company must evidence compliance no later than June 17, 2024. The Company intends to appoint an addit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315224001711/0001493152-24-001711-index.htm

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