---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003883"
form_type: "8-K"
ticker: "BEEM"
cik: "0001398805"
company_name: "Beam Global"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:14:42.094150+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nancy Floyd resigns from Beam Global board; Nasdaq audit rule breach with 180-day cure

## Summary
- Director Nancy Floyd resigns effective June 30, 2023 for personal reasons; no disagreement with company.
- Audit Committee will then have only 2 independent directors, violating Nasdaq Rule 5605(c)(2)(A) requiring 3.
- Company has a 180-day cure period under Rule 5605(c)(4)(B) to appoint an additional independent director.
- Floyd remains a shareholder and supporter; Board thanked her for her service.

## SEC filing metadata
- accession: 0001683168-23-003883
- form_type: 8-K
- ticker: BEEM
- cik: 0001398805
- company_name: Beam Global
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/0001683168-23-003883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/beam_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003883
- JSON: https://secwatch.observer/filing/0001683168-23-003883.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003883.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/0001683168-23-003883-index.htm
- Executive change
  Nancy Floyd departed as Director at Beam Global.
  - Action: resigning
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/0001683168-23-003883-index.htm

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