Current Report Filing (8-k)
05 April 2017 - 6:07AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
March
30, 2017
Date
of Report (Date of earliest event reported)
CACHET
FINANCIAL SOLUTIONS, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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000-53925
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27-2205650
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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18671
Lake Drive East
dellFive
Business Park G
Minneapolis,
MN
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55317
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(Address of Principal
Executive Offices)
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(Zip Code)
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Registrant’s
telephone number, including area code:
(952) 698-6980
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule; Transfer of Listing
As
previously disclosed by Cachet Financial Solutions, Inc. (the “Company”) on a Current Report on Form 8-K, filed
on March 22, 2017, Liyuan Woo, the chairperson of the Audit Committee and a member of the Corporate Governance Committee, resigned
from the Company’s Board of Directors as a result of a conflict of interest between her new employer and not due to any
disagreement with the Company or any of its directors or executive officers. On March 30, 2017, the Company received
a Cure Letter from Nasdaq which notified the Company that the resignation of Ms. Woo caused the Company to no longer be compliant
with Nasdaq’s independent director audit committee requirements as set forth in Listing Rule 5605. Pursuant to Listing Rule
5605, the Company intends to appoint a new director to comply with the independent director audit committee requirements within
the cure period set forth in Listing Rules 5605(b)(1)(A) and 5605(c)(4), which is the earlier of the Company’s next annual
shareholders’ meeting or March 22, 2018; or if the next annual shareholders’ meeting is held before September 18,
2017, then no later than September 18, 2017.
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.
April 4
,
2017
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CACHET FINANCIAL SOLUTIONS, INC.
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By:
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/s/
Bryan Meier
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Bryan Meier
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Chief Financial Officer
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