---
schema_version: "secwatch.filing_event.v1"
accession: "0001723580-23-000020"
form_type: "8-K"
ticker: null
cik: "0001723580"
company_name: "BurgerFi International, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:06:12.056458+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BurgerFi gets Nasdaq notice for board independence lapse after Stewart exit

## Summary
- Notice cites failure to maintain majority independent directors per Nasdaq Rule 5605(b)(1).
- Cure period: until next annual meeting or September 23, 2024; if meeting before March 19, 2024, compliance by March 19, 2024.
- Martha Stewart's resignation on Sept 26, 2023 triggered the noncompliance.
- No immediate impact on listing of BFI common stock or BFIIW warrants.
- Nominating committee is working to regain compliance before cure period ends.

## SEC filing metadata
- accession: 0001723580-23-000020
- form_type: 8-K
- cik: 0001723580
- company_name: BurgerFi International, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723580/000172358023000020/0001723580-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723580/000172358023000020/bfi-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723580-23-000020
- JSON: https://secwatch.observer/filing/0001723580-23-000020.json
- Plain text: https://secwatch.observer/filing/0001723580-23-000020.txt

## Key facts
- Listing & Compliance Notices
  BurgerFi International, Inc. received a nasdaq noncompliance notice notice regarding other.
  - Exchange: nasdaq
  - Notice: noncompliance notice
  source text: received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the previously disclosed resignation of Martha Stewart from the Company’s Board of Directors (the “Board”) (as described in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723580/000172358023000020/0001723580-23-000020-index.htm

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