FGI Industries Ltd 8-K, filed Mar 29, 2024
FGI Industries Ltd. (FGI)
About this 8-K
FGI Industries Ltd filed this 8-K on March 29, 2024, reporting on events of March 26, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of | (Commission | (I.R.S. Employer |
(Address of principal executive offices) (Zip Code)
(
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
$0.0001 par value per share | ||||
| |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
On March 26, 2024, Jae Chung, an independent member of the FGI Industries Ltd. (the “Company”) Board of Directors (the “Board”), advised the Board that he is stepping down from his position as a member of the Board, effective April 1, 2024. Mr. Chung currently serves on the Board’s Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee.
Mr. Chung’s decision to resign is not the result of any disagreement with the Company, and, on April 1, 2024, he will join the Company as an employee as its Senior Vice President, Investor Relations and Corporate Development.
Also on March 26, 2024, the Board approved the appointment of Ms. Anagha Apte Sreenivasan to the Board, effective April 1, 2024. Ms. Apte currently serves as the Senior Director, Ethics Counsel at eBay, Inc. since 2019. Prior to this, Ms. Apte served in ethics & compliance roles at Twitter, Inc. (now “X”) from 2016 to 2019 and Starwood Hotels & Resorts from 2013 to 2016. Ms. Apte started her career at Baker Hostetler LLP where she focused her practice on white collar criminal defense and commercial litigation. Ms. Apte will sit on the Board’s audit committee and compensation committee.
There are no arrangements or understandings between Ms. Apte and any other person pursuant to which she was selected as a director of the Company. For her service on the Board, Ms. Apte will be entitled to receive compensation provided to non-employee directors as approved by the Board and described in the Company’s proxy statement filed on April 27, 2023.