secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001683168-23-003883
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 5.02, 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/0001683168-23-003883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316823003883/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003883

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer