---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-010871"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2025-03-19T23:59:59+00:00"
generated_at: "2026-05-24T12:18:06.627011+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HeartCore loses controlled company status; forms compensation and nominating committees

## Summary
- Sumitaka Yamamoto's voting power fell below 50% after ATM sales, triggering loss of controlled company status.
- Board formed Compensation Committee (Chair Heather Neville, members Ferdinand Groenewald, Koji Sato) and Nominating & Governance Committee (Chair Koji Sato, members Groenewald, Neville).
- Compensation Committee Chair receives $7,000/yr, other members $4,000/yr; Nominating Committee Chair receives $6,000/yr, other members $3,000/yr.
- Company has one year to comply with Nasdaq majority-independent board requirement; currently 3 of 6 directors are independent.

## SEC filing metadata
- accession: 0001493152-25-010871
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315225010871/0001493152-25-010871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315225010871/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-010871
- JSON: https://secwatch.observer/filing/0001493152-25-010871.json
- Plain text: https://secwatch.observer/filing/0001493152-25-010871.txt

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