Business Context and Reporting Period
Karat Packaging Inc. filed a Form 8-K dated December 10, 2021, under Item 5.02 regarding a director appointment and resignation. The filing does not report operating or financial results for a measurement period.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics.
Material Changes
- Joanne Wang, the Company’s Chief Operating Officer, was appointed to the Board of Directors effective December 10, 2021.
- Ms. Wang filled the vacancy created by Marvin Cheng’s resignation from the Board, also effective December 10, 2021.
- Mr. Cheng will continue serving as Vice President–Manufacturing and Secretary.
- Ms. Wang, age 48, joined Karat Packaging in 2003 and became Chief Operating Officer in December 2018.
- The Company stated that there were no transactions between Ms. Wang and the Company reportable under Item 404(a) of Regulation S-K.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no financial guidance, outlook, management discussion, contingencies, or unusual financial items. It identifies a leadership and board-composition change but does not describe any related operational or financial impact.
Investor Verification Items
- Verify the effective dates of Ms. Wang’s appointment and Mr. Cheng’s resignation: December 10, 2021.
- Confirm that Mr. Cheng retained his executive roles as Vice President–Manufacturing and Secretary.
- Review subsequent filings for any changes in board composition, executive responsibilities, or governance matters.
- Use the Company’s periodic reports, rather than this Form 8-K, to assess financial performance, liquidity, leverage, and outlook.