HF Foods Group Inc. received a nasdaq deficiency notice notice regarding other (rules 5260(a), 5250(c)(1)).
“January 17, 2023, HF Foods Group Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) stating that Nasdaq had determined that the Company was not in compliance with Nasdaq Listing Rule 5260(a) due to the Company’s failure to hold an annual meeting of shareholders (an “Annual Meeting”) within the twelve months following the end of the Company’s fiscal year ended December 31, 2021. The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capita”
Prudence C. Kuai was appointed as Director at HF Foods Group Inc..
“On January 17, 2023, the Board of Directors (the “ Board ”) of HF Foods Group Inc. (the “ Company ”), upon the recommendation of the Nominations and Governance Committee of the Board, appointed Ms. Prudence C. Kuai as a member of the Board.”
Listing & Compliance Notices
HF Foods Group Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“10-Q for the three months ended June 30, 2022 (the “Q2 2022 Form 10-Q”, and, together with the Form 10-K, the Q1 2022 Form 10-Q and the Q2 2022 Form 10-Q, the “Delinquent Reports”), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. As previously disclosed, on September 27, 2022, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualific”
Governance Changes
HF Foods Group Inc.: Adopted Amended and Restated Bylaws addressing stockholder meeting procedures, advance notice requirements, director nomination information, indemnification terms, and administrative changes (effective 2022-11-02).
“On November 2, 2022, the Board adopted Amended & Restated Bylaws of the Company (the “Amended Bylaws”) effective immediately.”
Jose Maroto resigned as director at HF Foods Group Inc..
“On October 31, 2022, Jose Maroto informed the Board of Directors (the “Board”) of HF Foods Group Inc., a Delaware corporation (the “Company”), of his intention to resign as a director of the Company effective November 1, 2022.”
Material Agreements
HF Foods Group Inc. amended Consent with JPMorgan Chase Bank, N.A. and Comerica Bank (effective 2022-10-26).
“On October 26, 2022, HF Foods Group Inc. (“HF Group” or the “Company”), its wholly-owned subsidiary, B&R Global Holdings, Inc. (“B&R Global”), and certain of the wholly-owned subsidiaries and affiliates of the Company (collectively with the Company, the “Borrowers”), as borrowers, entered into a Consent (the “Consent”) under the Third Amended and Restated Credit Agreement (the “Third Credit Agreement”), dated as of March 31, 2022, with JPMorgan Chase Bank, N.A. (“Administrative Agent”), as Administrative Agent and a lender, and Comerica Bank, as a lender.”
Felix Lin changed role as Interim Chief Financial Officer at HF Foods Group Inc..
“Mr. Rodriguez will succeed Felix Lin, who has served as the Company’s Interim Chief Financial Officer since May 9, 2022.”
Carlos A. Rodriguez was appointed as Chief Financial Officer at HF Foods Group Inc..
“Effective no later than August 1, 2022, Carlos A. Rodriguez will be appointed as HF Foods Group Inc.’s (the “ Company ”) permanent Chief Financial Officer.”
Jose Maroto was appointed as Director at HF Foods Group Inc..
“On June 30, 2022, the Board approved the appointment of Mr. Jose Maroto as a member of the Board, effective as of July 1, 2022.”
Felix Lin resigned as Director at HF Foods Group Inc..
“On June 30, 2022, Xi Lin (aka Felix Lin) resigned from his position as a member of the Board of Directors (the “ Board ”) of HF Foods Group Inc. (the “ Company ”), effective as of July 1, 2022.”
Kong Hian Lee departed as Chief Financial Officer at HF Foods Group Inc..
“As previously disclosed, as of the close of business on May 6, 2022 (the “Transition Date”), Kong Hian Lee (aka Victor Lee) departed from his position as Chief Financial Officer of HF Foods Group Inc. (the “Company”).”
Xi Lin (aka Felix Lin) was appointed as Interim Chief Financial Officer at HF Foods Group Inc..
“Effective May 9, 2022, Xi Lin (aka Felix Lin), the Company’s Chief Operating Officer and a member of the Company’s Board of Directors, was appointed as the Company’s Interim Chief Financial Officer.”
Kong Hian Lee (aka Victor Lee) departed as Chief Financial Officer at HF Foods Group Inc..
“On May 6, 2022 (the “Transition Date”), Kong Hian Lee (aka Victor Lee) departed from his position as Chief Financial Officer of HF Foods Group, Inc.”
Xi Lin was appointed as Chief Operating Officer at HF Foods Group Inc..
“On April 15, 2022, HF Foods Group, Inc. (the “Company”) agreed to hire Xi Lin (aka Felix Lin) as Chief Operating Officer.”
Valerie P. Chase was appointed as Director at HF Foods Group Inc..
“On December 13, 2021, Valerie P. Chase was appointed to the Board of Directors of HF Foods Group Inc.”
Valerie P. Chase was appointed as Director at HF Foods Group Inc..
“On December 13, 2021, Valerie P. Chase was appointed to the Board of Directors of HF Foods Group Inc.”
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.