Business Context and Reporting Period
This Form 8-K Current Report was filed by Maison Solutions Inc. (MSS) on February 21, 2025, with the report date finalized on February 27, 2025. The filing addresses significant changes in executive leadership under Item 5.02, specifically the departure of the Chief Operating Officer and the immediate appointment of a successor.
Key Financial Metrics
The filing does not provide financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. This report is strictly limited to corporate governance and personnel changes.
Material Changes
- Resignation: Tao Han resigned as Chief Operating Officer effective immediately on February 21, 2025. The resignation was not due to any disagreement regarding accounting, strategy, or operations.
- Appointment: Xi (Jacob) Cao was appointed as the new Chief Operating Officer effective February 21, 2025.
- Compensation: Mr. Cao's employment agreement establishes an annual base salary of $96,000.
Outlook, Risks, and Management Commentary
Management Commentary: The Board of Directors confirmed the appointment of Mr. Cao, highlighting his over eight years of experience in the specialty grocery and catering industry. His recent roles include Operations Manager at the Company's El Monte store (June 2023–Feb 2025), Operations Supervisor at LSK, and Operations Manager at Sonic Plus LLC.
Employment Terms: Mr. Cao's agreement is on an at-will basis with an initial one-year term that automatically renews. The agreement includes non-compete and non-solicitation covenants. Termination for violation of terms allows the Company to end employment without notice, providing one month's salary as exclusive compensation.
Risks and Contingencies: The filing explicitly states there are no disagreements with the independent auditor or the Company regarding accounting or operations related to the departure of the previous COO. No other material risks or contingencies are disclosed in this document.
Investor Verification Checklist
- Verify the operational continuity plan following the immediate resignation of the previous COO.
- Review the full text of the Employment Agreement (Exhibit 10.1) for details on performance metrics or additional compensation not summarized in the filing.
- Confirm the press release details (Exhibit 99.1) for any public messaging regarding the leadership transition.
- Monitor future filings for any impact on operational strategy given the new COO's background in store-level management versus broader corporate strategy.