{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010100","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.879314+00:00","generated_at":"2026-06-04T16:53:35.058233+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Digital Ally receives Nasdaq deficiency notice over board independence after director Caulfield resigns","bullets":["Nasdaq staff notified Digital Ally (DGLY) on March 14, 2024, that it fails audit committee and compensation committee independence rules.","Deficiency stems from resignation of director Michael J. Caulfield effective Jan 31, 2024; now lacks required independent members.","Cure period until earlier of next annual meeting (or July 29, 2024) or Jan 31, 2025; delisting possible if not cured.","Management intends to fill vacancy with independent director promptly to regain compliance.","No immediate effect on listing; company says it will take commercially reasonable steps."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010100","json":"https://secwatch.observer/filing/0001493152-24-010100.json","markdown":"https://secwatch.observer/filing/0001493152-24-010100.md","text":"https://secwatch.observer/filing/0001493152-24-010100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224010100/0001493152-24-010100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224010100/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:53:35.058233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bdc1ed0e3d7a4f10c0155dc1fabd932fe0d96b82","claim":"KUSTOM ENTERTAINMENT, INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605).","evidence_excerpt":"March 14, 2024, the Nasdaq Listing Qualifications staff notified Digital Ally, Inc. (the “Company”), that due to resignation of Mr. Michael J. Caulfield from the Company’s board of directors (the “Board”) effective on January 31, 2024, the Company no longer complies with the audit committee and compensation committee requirements as set forth in Listing Rule 5605 of The Nasdaq Stock Market LLC (“Nasdaq”), including the requirements that there are at least three independent directors on the Company’s audit committee and at least two independent directors on the Company’s compensation committee.","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224010100/0001493152-24-010100-index.htm","confidence":0.95,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"audit committee"},{"label":"Rules","value":"5605"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}