secwatch.observer — SEC 8-K summary
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Issuer:     Cyxtera Technologies, Inc. (—)
CIK:        0001794905
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001794905-23-000021
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyxtera receives Nasdaq notice for audit committee non-compliance after two director resignations
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- Nasdaq notified Cyxtera on March 30, 2023 that it no longer complies with audit committee independence rules due to resignations of Melissa Hathaway and Michelle Felman.
- Company has 45 calendar days to submit a plan to regain compliance; if accepted, up to 180 days to cure.
- No immediate effect on listing or trading of CYXT common stock on Nasdaq Global Market.
- Board is seeking to appoint new independent directors who qualify for audit committee service.
- If compliance plan is not accepted, Cyxtera may appeal before a Nasdaq Hearings Panel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794905/000179490523000021/0001794905-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794905/000179490523000021/cyxt-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001794905-23-000021

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