Zoom Communications, Inc. (ZM): Nasdaq/NYSE listing notice — Zoom cures Nasdaq audit committee deficiency by appointing Cindy L. Hoots

Zoom Communications, Inc.

On Jan 20, Zoom notified Nasdaq it lacked a 3-member audit committee after Carl Eschenbach's board resignation.
On Jan 24, the board appointed Cindy L. Hoots to the audit committee, restoring compliance with Nasdaq Rule 5605(c)(2)(A).
No financial or operational impact; stock continues to trade on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Zoom Communications, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4)(B)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605(c)(2)(A), 5605(c)(4)(B)

Exact text from the filing

January 20, 2023 , Zoom Video Communications, Inc. (the “Company”) notified The Nasdaq Stock Market LLC (“Nasdaq”) that due to Carl Eschenbach’s resignation from the board of directors of the Company (the “Board”) , as previously disclosed on the Company’s Current Report filed on Form 8-K on January 13, 2023 , the Company was no longer in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires the Audit Committee to be comprised of a minimum of three independent directors. Pursuant to Nasdaq Listing Rule 5605(c)(4)(B), the Company is entitled to a cure period to regain compliance wit

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Zoom Communications, Inc. filing history →

Source: SEC EDGAR

accession 0001585521-23-000025

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