Business Context and Reporting Period
Company: China BAK Battery, Inc. (CBAK Energy Technology, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: August 9, 2013
Reporting Period: Event date of August 9, 2013
Key Financial Metrics
This filing does not contain financial performance data. No revenue, profit, cash flow, margins, debt, or liquidity metrics are reported in this document.
Material Changes
The Company received notification from the NASDAQ Listing Qualifications department on August 9, 2013, confirming it has regained compliance with the following listing requirements:
- Independent director requirements (NASDAQ Listing Rule 5605(b)(1)).
- Audit committee requirements (NASDAQ Listing Rule 5605(c)(2)).
This compliance was achieved through the appointment of Mr. Jonathan Christopher Paugh to the Board of Directors and to the Audit, Compensation, and Nominating and Corporate Governance Committees. Consequently, the noncompliance matter previously announced on March 14, 2013, has been closed.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of new risks or contingencies. The document is strictly a notification of regulatory compliance status.
Key Facts for Investor Verification
- Verify the appointment of Mr. Jonathan Christopher Paugh to the Board and relevant committees.
- Confirm the closure of the NASDAQ noncompliance notice issued on March 14, 2013.
- Note that this filing addresses corporate governance compliance only and provides no financial updates.