EUDA Health Holdings Ltd 8-K, filed May 11, 2023
EUDA Health Holdings Ltd (EUDA)
About this 8-K
EUDA Health Holdings Ltd filed this 8-K on May 11, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
At a duly held meeting (the “Meeting”) of the Board of Directors (the “Board”) of EUDA Health Holdings Limited (the “Company”) on May 11, 2023, the Board approved a vote to remove David Capes as a director of the Company effective immediately. Prior to his removal, Mr. Capes served as Chairman of the Board, Chairman of the Audit Committee, and Chairman of the Corporate Governance and Nominating Committee. As a result of his removal as a director, Mr. Capes was also removed (i) as Chairman of the Board, (ii) as Chairman and member of the Audit Committee, and (iii) as Chairman and member of the Corporate Governance and Nominating Committee.
The circumstances that led to the removal of Mr. Capes as a director include the failure to follow and adhere to proper corporate formalities in calling, holding and presiding over meetings of the Board in accordance with the Company’s Amended and Restated Memorandum and Articles of Association and British Virgin Islands corporate law.
The Company has provided Mr. Capes with a copy of the disclosures made in this Current Report on Form 8-K (this “Form 8-K”). Further, the Company has provided Mr. Capes with the opportunity to furnish to the Company as promptly as possible a letter addressed to the Company stating whether he agrees with the statements made by the Company in this Form 8-K and, if not, stating the respects in which he does not agree. The Company will file any letter received by the Company from Mr. Capes as an exhibit by amendment to this Form 8-K within two business days after any such letter is received.
At the Meeting, the Board appointed Mr. Lew Chern Yong (Eric) as Chairman of the Board, member and Chairman of the Audit Committee, and Chairman of the Corporate Governance and Nominating Committee, which appointments Mr. Lew accepted effective immediately.
As a result, the composition of the Board committees are as follows:
| ● | The Audit Committee consists of Eric Lew (Chairman), Alfred Lim, and Leonard Chia. | |
| ● | The Corporate Governance and Nominating Committee consists of Eric Lew (Chairman), Alfred Lim, and Leonard Chia. | |
| ● | The Compensation Committee consists of Alfred Lim (Chairman), Eric Lew, and Leonard Chia. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 11, 2023
| EUDA Health Holdings Limited | ||
| By: | /s/ Wei Wen Kelvin Chen | |
| Name: | Wei Wen Kelvin Chen | |
| Title: | Chief Executive Officer | |