secwatch.observer — SEC 8-K summary
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Issuer:     Harbor Custom Development, Inc. (—)
CIK:        0001784567
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001784567-23-000063
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Board member resignation triggers Nasdaq non-compliance for Harbor Custom Development
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- Director Wally Walker resigned Sept 18, 2023 to become Deputy Athletics Director at Univ of Virginia.
- His departure created Audit Committee vacancy, triggering non-compliance with Nasdaq Rule 5605.
- Nasdaq granted cure period ending at earlier of next annual meeting or Sept 18, 2024.
- Company will immediately begin search for new Board and Audit Committee member.
- Stock continues trading on Nasdaq under symbol HCDI; no immediate delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784567/000178456723000063/0001784567-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784567/000178456723000063/hcdi-20230918.htm
  HTML page:      https://secwatch.observer/filing/0001784567-23-000063

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