Source-grounded facts extracted from Freedom Holding Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Kairat Kelimbetov was appointed as Director at Freedom Holding Corp..
“The Board increased the number of directors to seven and appointed Kairat Kelimbetov as a director, with immediate effect, to fill the vacancy created by the increase in the number of directors.”
Philippe Vogeleer was appointed as Director at Freedom Holding Corp..
“The Board appointed Philippe Vogeleer as a director, with immediate effect, to fill the vacancy on the Board created by the resignation of Jason Kerr.”
Andrew Gamble was appointed as Director at Freedom Holding Corp..
“The Board appointed Andrew Gamble as a director, with immediate effect, to fill the vacancy on the Board created by the resignation of Leonard Stillman on February 25, 2024.”
Jason Kerr was appointed as Chief Legal Officer at Freedom Holding Corp..
“Concurrently with such resignation, the Board established a new Chief Legal Officer position in the executive management of the Company and appointed Jason Kerr to such position with immediate effect.”
Jason Kerr resigned as Director at Freedom Holding Corp..
“Jason Kerr resigned from his position as a director with immediate effect.”
Leonard Stillman resigned as Director at Freedom Holding Corp..
“On February 25, 2024, Leonard Stillman resigned from the Board of Directors (the “Board”) of Freedom Holding Corp. (the “Company”) with immediate effect.”
Freedom Holding Corp. reported the nine months ended December 31, 2023 results: revenue $1.2 billion, net income $279 million, EPS $4.73.
“For the nine months ending December 31, 2023, the Company's revenue totaled approximately $1.2 billion compared to $567 million for the prior year period, an increase of 107%.”
Freedom Holding Corp. reported the third quarter ended December 31, 2023 results: revenue $419 million, net income $96 million, EPS $1.63 earnings per share, diluted.
“US Markets +7 777 377 8868 +1 212-980-4400, Ext. 1013 pr@ffin.kz apalombo@freedomusmkts.com FREEDOM HOLDING CORP. REPORTS THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS With $419 Million in Reported Revenue, Company Remains on Pace for a Record Year ALMATY KAZAKHSTAN, FEBRUARY 12, 2024 – Freedom Holding Corp. (NASDAQ: FRHC) (the "Company"), a diversified”
Freedom Holding Corp. shareholders approved Ratification of appointment of Deloitte LLP in Kazakhstan as independent registered public accounting firm for fiscal 2024 at the 2023-11-07 meeting.
“The Company's stockholders voted to approve the ratification of the appointment of Deloitte LLP in Kazakhstan, a member of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, as the Company’s independent registered public accounting firm for the 2024 fiscal year.”
Freedom Holding Corp. shareholders approved Election of Askar Tashtitov and Boris Cherdabayev as Class I directors at the 2023-11-07 meeting.
“The Company's stockholders elected each of Askar Tashtitov and Boris Cherdabayev as Class I directors of the Company for a term of three years and until their successors are duly elected and qualified.”
Dmitry Dovzhenko was appointed as Vice President of Compliance at Freedom Holding Corp..
“On August 24, 2023, Mr. Dmitry Dovzhenko was appointed as Vice President of Compliance, based in Almaty.”
Liudmila Kiriaku resigned as Vice President of Compliance at Freedom Holding Corp..
“Mrs. Liudmila Kiriaku resigned from her position as Vice President of Compliance of Freedom Holding Corp. (the “Company”) on August 18, 2023.”
Freedom Holding Corp. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“August 11, 2023, Freedom Holding Corp. (the “Company”) received a letter (the “Non-Compliance Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of its failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “June 2023 10-Q”). The Non-Compliance Letter provides that, under Nasdaq rules, the Company now has 60 calendar days, or until October 10, 2023, to submit to Nasdaq a plan to regain”
Freedom Holding Corp. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“June 15, 2023, Freedom Holding Corp. (the “Company”) received a letter (the “Non-Compliance Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to have timely filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2023 (the “Fiscal 2023 10-K”). The Non-Compliance Letter provides the Company with 60 calendar days, or until August 14, 2023, to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq’s listing requireme”
Freedom Holding Corp. reported that prior financial statements should not be relied upon.
“2 and September 30, 2022 (collectively, the “Relevant Prior Financial Statements”), and any reports, related earnings releases, investor presentations or similar communications of the Relevant Prior Financial Statements should no longer be relied upon. The determination resulted from an error in the Relevant Prior Financial Statements identified by the Company related to the classification of funds received under the Kazakhstan state program for financing of mortgage loans “7-20-25” within the Company’s statement of cash flows. Specifically, the Company determined that, in the Consolidated Statements of Cash Flows in the Relevant Prior Financial Statements, funds received under such program were presented as “Operating activities” whereas they should have been presented as “Financing activities” and that the misclassification of cash flows described above should be restated through amend”
Freedom Holding Corp. completed a disposition involving Maxim Povalishin for US$140 million (closed 2023-02-27).
“Maxim Povalishin, the purchaser, was the Deputy General Director and a member of the Board of Directors of Freedom RU. The purchase price for the Russian Subsidiaries was US$140 million, comprised of the assignment to the purchaser of a liability of the Company to Freedom RU in the amount of approximately US$88.5 million and cash in an amount of US$51.5 million.”
Freedom Holding Corp. entered into Membership Interest Purchase Agreement with Maxim Partners LLC, MJR Holdings, Inc., Wallace LLC and Michael Rabinowitz valued at $168 million in cash (the "Closing Cash Consideration") and $112 million in Exchangeable Units (effective 2023-02-15).
“On February 15, 2023, Freedom Holding Corp. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Maxim Partners LLC (“Partners”), MJR Holdings, Inc. (“MJR Corp.” and, together with Partners, the “Sellers”), Wallace LLC and Michael Rabinowitz as the sellers’ representative for the indirect purchase by the Company of interests in Maxim Group LLC, a leading full-service investment bank, securities, and wealth management firm headquartered in New York (“Maxim”) and its registered investment advisory affiliate Maxim Financial Advisors LLC (“MFA”) . The transaction is intended to be an “Up-C” structure. Pursuant to the Purchase Agreement, (a) the Sellers will create a new holding limited liability company (“Newco”) and contribute all of the membership interests in Maxim and MFA to Newco (such that MFA and Maxim are wholly-owned subsidiaries of Newco) in exchange for membership interests in Newco; (b) the Company will purchase a majority and co”
Freedom Holding Corp. entered into Membership Interest Purchase Agreement with Maxim Partners LLC, MJR Holdings, Inc., Wallace LLC, Michael Rabinowitz valued at Total consideration up to $400 million comprising $168M cash at closing, $112M Exchangeable Units at (effective 2023-02-15).
“On February 15, 2023, Freedom Holding Corp. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Maxim Partners LLC (“Partners”), MJR Holdings, Inc. (“MJR Corp.” and, together with Partners, the “Sellers”), Wallace LLC and Michael Rabinowitz as the sellers’ representative for the purchase by the Company of 100% of the membership interests of Maxim Group LLC, a leading full-service investment bank, securities, and wealth management firm headquartered in New York (“Maxim”) and its registered investment advisory affiliate Maxim Financial Advisors LLC (“MFA”) .”
Freedom Holding Corp. reported that prior financial statements should not be relied upon.
“e 30, 2022 and September 30, 2022 (collectively the “Prior Financial Statements”), and any reports, related earnings releases, investor presentations or similar communications of the Company’s Prior Financial Statements should no longer be relied upon. The determination resulted from an error in the Prior Financial Statements identified by the Company related to the classification of certain interest income derived from margin lending made by subsidiaries of the Company within the Company’s income statement. Specifically, the Company determined that, in the Consolidated Statements of Operations and Other Comprehensive Income in the Prior Financial Statements, certain interest income from margin lending was presented as “Fee and commission income” whereas it should have been presented as “Interest income,” and that this misclassification of revenue should be restated through amendments to”
Freedom Holding Corp. reported that prior financial statements should not be relied upon.
“On November 14, 2022, the Audit Committee (“Audit Committee”) of the Board of Directors of Freedom Holding Corp. (the “Company”), after discussion with management, concluded that the Company’s (i) previously filed Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and (ii) previously filed Quarterly Reports on Form 10-Q for each of the quarterly periods ended December 31, 2021 and June 30, 2022 (collectively the “Prior Financial Statements”), and any reports, related earnings releases, investor presentations or similar communications of the Company’s Prior Financial Statements should no longer be relied upon.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.