Perfect Moment Ltd. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On February 11, 2025, the Company received a notice from the NYSE American LLC staff that the Company was not in compliance with the independence requirements under Sections 804 and 805 of the NYSE American LLC Company Guide.
On March 26, 2025, Max Gottschalk delivered notice of his resignation from the Compensation Committee of the Board (the “Compensation Committee”) and the Nominating and Corporate Governance Committee (the “Nominating Committee”, together with the Compensation Committee, the “Committees”) of Perfect Moment, Ltd., (the “Company”) effective immediately. Mr. Gottschalk will remain the chairman of the Board of Directors. Mr. Gottschalk’s resignation from the Committees is not the result of a disagreement with the Company on any matter relating to its operations, policies or practices, but instead to ensure that the Company is in compliance with the independence requirements under Sections 804 and 805 of the NYSE American LLC Company Guide.
The Compensation Committee will be comprised of Andre Keijsers and Tim Nixdorff. The Nominating Committee will be comprised of Andre Keijsers, Berndt Hauptkorn and Tim Nixdorff. Andre Keijsers, Berndt Hauptkorn and Tim Nixdorff are each independent directors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PERFECT MOMENT LTD. | ||
| Date: April 1, 2025 | By: | /s/ Chath Weerasinghe |
| Chath Weerasinghe | ||
Chief Financial Officer and Chief Operating Officer | ||