On June 2, 2023, Nancy Floyd, a member of the Company’s Board of Directors (the “Board”) and member of the Audit, Compensation and Nominating and Governance committees of the Board, informed the Company that she would be resigning as a director of the Board for personal reasons effective as of June 30, 2023.
Key facts
Extracted from this filing and checked against the source text.
Beam Global 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
June 2, 2023, the Company notified the NASDAQ Stock Market, LLC that upon Ms. Floyd’s resignation, the Company will no longer be 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 with Nasdaq Listing Rule 5605(c)(2)(A), which cure period will expire within 180 days from Ms. Floyd’s departure. The Company intends to appoint an additional independent director to the Audit Committee of the Bo
On June 2, 2023, Nancy Floyd, a member of the Company’s Board of Directors (the “Board”) and member of the Audit, Compensation and Nominating and Governance committees of the Board, informed the Company that she would be resigning as a director of the Board for personal reasons effective as of June 30, 2023.
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