---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-003410"
form_type: "8-K"
ticker: "BRR"
cik: "0002076163"
company_name: "ProCap Financial, Inc."
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:35:58.874768+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProCap director Miller resigns; board loses audit-committee independence, risks delisting

## Summary
- William H. Miller IV resigned as director and from all committees effective Jan 20, 2026; no dispute with company.
- Board now has 2 independent, 2 non-independent directors, and 1 vacant seat for an independent director.
- Company notified Nasdaq it no longer meets audit committee independence (Rule 5605(c)(2)(A)) or majority independent board (Rule 5605(b)).
- Company intends to rely on Nasdaq cure periods to regain compliance; actively searching for an independent director.
- Resignation not related to any disagreement with company's operations, policies, or practices.

## SEC filing metadata
- accession: 0001493152-26-003410
- form_type: 8-K
- ticker: BRR
- cik: 0002076163
- company_name: ProCap Financial, Inc.
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2076163/000149315226003410/0001493152-26-003410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2076163/000149315226003410/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-003410
- JSON: https://secwatch.observer/filing/0001493152-26-003410.json
- Plain text: https://secwatch.observer/filing/0001493152-26-003410.txt

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