Form 8-K - Current report
10 8월 2023 - 6:20AM
Edgar (US Regulatory)
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0001948455
2023-08-03
2023-08-03
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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
Date of Report (Date of earliest event reported):
August 9, 2023 (August 3, 2023)
Ispire Technology Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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001-41680 |
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84-5106049 |
(State or other jurisdiction of
incorporation or organization) |
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(Commission file number) |
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(IRS Employer
Identification No.) |
19700 Magellan Drive
Los Angeles, CA 90502
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area
code: (310) 742-9975
Not Applicable
(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 obligations of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
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ISPR |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Michael Wang
Effective as of August 3,
2023, following the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”)
of Ispire Technology Inc. (the “Company”), the Board appointed Michael Wang, the former Chief Financial Officer of the Company,
to serve as Co-Chief Executive Officer of the Company. In connection with Mr. Wang’s appointment as Co-Chief Executive Officer,
the compensation payable to Mr. Wang does not change. Additionally, the Board and Tuanfang Liu, the Company’s Chief Executive Officer,
agreed that Mr. Liu would serve as Co-Chief Executive Officer.
Mr. Wang’s biography can be found in the Company’s prospectus
dated April 3, 2023, which is incorporated herein by reference.
Appointment of Daniel J. Machock
Effective as of August 3, 2023,
following the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Daniel J. Machock
to serve as the Chief Financial Officer of the Company following Mr. Wang’s promotion.
Daniel J. Machock, age 48, has
25 years of experience overseeing the financial strategy and performance for a number of companies. From January 2017 to October 2021,
Mr. Machock was Chief Financial Officer at Appetize Technologies, Inc., a point-of sale hardware and software company. Prior to that,
he was Chief Financial Officer at Chrome River Technologies, Inc. from 2016 to 2017, Chief Financial Officer at Post SMS Co. from 2010
to 2016, and Vice President - finance and controller at Business.com, Inc. from 2004 to 2010. Early in his career, he worked in public
accounting at Ernst & Young LLP. Mr. Machock received his bachelor’s degree in accounting and finance from Indiana University.
In connection with Mr. Machock’s
appointment as Chief Financial Officer of the Company, the Company has agreed to compensate him an initial annual base salary of $300,000
and an annual discretionary performance bonus target of 50% of base salary. In addition, the Company has agreed to grant him an option
to purchase 200,000 shares of Common Stock, subject to Board approval. The options will vest over a period of four years.
Neither Mr.
Wang nor Mr. Machock has any family relationship with any other directors or executive officers of the Company. In addition, neither
Mr. Wang nor Mr. Machock is a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of
Regulation S-K which has not, with respect to Mr. Wang, been disclosed in the Company’s filings with the SEC, including the Company’s
prospectus dated April 3, 2023 under the heading “Certain Relationships and Related Party Transactions.”
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
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.
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Ispire Technology Inc. |
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By: |
/s/ Michael Wang |
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Name: |
Michael Wang |
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Title: |
Co-Chief Executive Officer |
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|
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Dated: August 9, 2023 |
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