Krispy Kreme receives Nasdaq non-compliance notice for majority independent directors

Krispy Kreme, Inc.

Director Henry Yeagley resigned June 30, 2022; no disagreement with company.
Gerhard Pleuhs elected to Board effective June 30, 2022, joining Audit & Finance and Remuneration & Nomination committees.
Board lost majority independent directors after Carl Lee's term ended May 17, 2022; one-year IPO grace period expired July 1, 2022.
Nasdaq notified non-compliance with Listing Rule 5605(b)(1) on July 6, 2022; cure period runs until next annual meeting or May 17, 2023.
Company expects to regain compliance within cure period; all other Nasdaq standards met.

item 5.02 item 3.01

Executive movements

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Appointed

Gerhard Pleuhs

Director

DNUT · Krispy Kreme, Inc.

Effective: 2022-06-30
Filed: July 6, 2022, 7:59 PM ET

On June 30, 2022, Gerhard Pleuhs was elected to the Board.

Departed

Henry Yeagley

Director

DNUT · Krispy Kreme, Inc.

Effective: 2022-06-30
Filed: July 6, 2022, 7:59 PM ET

On June 29, 2022, Henry Yeagley, a member of the Krispy Kreme, Inc. (the “Company”) Board of Directors (the “Board”), submitted his resignation to Catherine Tang, the Company’s Corporate Secretary.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Gerhard Pleuhs was elected as Director at Krispy Kreme, Inc..

Action: elected
Role: Director

Exact text from the filing

On June 30, 2022, Gerhard Pleuhs was elected to the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Henry Yeagley resigned as Director at Krispy Kreme, Inc..

Action: resigned
Role: Director

Exact text from the filing

On June 29, 2022, Henry Yeagley, a member of the Krispy Kreme, Inc. (the “Company”) Board of Directors (the “Board”), submitted his resignation to Catherine Tang, the Company’s Corporate Secretary.

View on SEC.gov

Krispy Kreme, Inc. filing history →

Source: SEC EDGAR

accession 0001857154-22-000086

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