Northann elects Vincent La Scala to board; ex-CEO Lin Li to sell all shares
Northann Corp.
Northann Corp. elected Vincent La Scala to its Board on October 5, 2026, filling the vacancy created by Umesh Patel's resignation; he will chair the Audit Committee.
La Scala is deemed independent, financially literate, and an audit committee financial expert, with over 30 years in financial services including more than 30 years at Citigroup.
Former CEO Lin Li agreed to sell all beneficially owned securities: 1,803,750 shares of Common Stock and 625,000 shares of Series A Preferred Stock to a third-party investor.
Upon closing, pending paperwork, Mr. Li will no longer beneficially own any securities of Northann Corp.
Northann's Common Stock trades on NYSE American under the ticker symbol NCL.
On October 5, 2026, the Board of Directors (the “ Board ”) of Northann Corp. (the “ Company ”) voted to elect Mr. Vincent La Scala to serve as a director of the Company to fill the vacancy created by the resignation of Mr. Umesh Patel.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.85
Umesh Patel resigned as Director at Northann Corp..
Action
resigned
Role
Director
Exact text from the filing
the vacancy created by the resignation of Mr. Umesh Patel
Vincent La Scala was elected as Director at Northann Corp..
Action
elected
Role
Director
Exact text from the filing
On October 5, 2026, the Board of Directors (the “ Board ”) of Northann Corp. (the “ Company ”) voted to elect Mr. Vincent La Scala to serve as a director of the Company to fill the vacancy created by the resignation of Mr. Umesh Patel.
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