secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Housing Corp (LEGH)
CIK:        0001436208
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001558370-23-006673
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Housing fails NASDAQ audit committee independence rule; plans cure by 2023 meeting
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- Company notified NASDAQ it no longer meets Listing Rule 5605(c)(2)(A) requiring at least three independent directors on Audit Committee.
- Joseph P. Lane resigned from Audit Committee but remains on Board as independent director.
- Company will appoint a new independent director to Audit Committee at or before 2023 annual shareholders' meeting.
- Cure period permitted under NASDAQ Rule 5605(c)(4)(B) allows time to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436208/000155837023006673/0001558370-23-006673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436208/000155837023006673/legh-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006673

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