Cardiff Lexington 8-K: Leadership & Comp Changes Reported

TL;DR

**Cardiff Lexington filed an 8-K about leadership and compensation changes from March 2023.**

AI Summary

Cardiff Lexington Corp filed an 8-K on January 4, 2024, reporting events that occurred on March 1, 2023. The filing indicates changes related to the departure or election of directors or officers and their compensatory arrangements, as well as other events and financial statements. This matters to investors because changes in leadership and compensation structures can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in company leadership and executive compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of stock value.

Risk Assessment

Risk Level: medium — The filing reports past events from March 2023, making the immediate impact less clear, but leadership changes always carry inherent risks and opportunities.

Analyst Insight

Investors should investigate the specific details of the leadership changes and compensatory arrangements that occurred on March 1, 2023, to understand their potential long-term implications for Cardiff Lexington Corp's strategy and financial health, as this filing only broadly outlines the event categories.

Key Players & Entities

• Cardiff Lexington Corp (company) — the registrant filing the 8-K
• 03 Life Sciences (company) — organization name associated with the filer
• Nevada (company) — state of incorporation for Cardiff Lexington Corp

FAQ

Key Financial Figures

• $210,000 — is entitled to an annual base salary of $210,000 and a signing bonus of 2,500 shares of
• $228,000 — is entitled to an annual base salary of $228,000 and a signing bonus of 5,000 shares of

Filing Documents

• cardiff_8k.htm (8-K) — 40KB
• cardiff_ex9901.htm (EX-99.1) — 11KB
• cardiff_ex9902.htm (EX-99.2) — 11KB
• 0001683168-24-000077.txt ( ) — 238KB
• cdif-20230301.xsd (EX-101.SCH) — 3KB
• cdif-20230301_lab.xml (EX-101.LAB) — 33KB
• cdif-20230301_pre.xml (EX-101.PRE) — 22KB
• cardiff_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 1, 2023, Steven Healy resigned from his position as Chief Financial Officer of Cardiff Lexington Corporation (the "Company"). Mr. Healy's resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On March 1, 2023, the Board of Directors of the Company appointed Zia Choe to serve as Interim Chief Financial Officer of the Company. On January 2, 2024, Ms. Choe resigned as Interim Chief Financial Officer and the Board of Directors of the Company appointed Ms. Choe as Chief Accounting Officer of the Company. On the same date, the Board of Directors appointed Matthew T. Shafer as Chief Financial Officer. Ms. Choe, age 42, founded STK Financial P.C., a California-licensed accounting firm, in June 2021. As a managing partner, Ms. Choe has provided financial attestation, managerial consulting, preparation of 10-Ks and 10-Qs and other high level accounting and financial services to privately and publicly held companies in the U.S. and internationally. Prior to her appointment as Interim Chief Financial Officer, Ms. Choe served as an outside accountant for the Company from March 2017 to March 2023. Prior to her founding of STK Financial P.C., she was an audit team leader in the accounting and audit division at JNK Accountancy Group, LLP from September 2014 until June 2021, where she was in charge of financial attestation and due diligence projects for acquisition deals in various industries for seven years. Ms. Choe also had seven years of operational experience in accounting, sales and marketing at Hyundai Mobis Parts America, LLC, a subsidiary of Hyundai Motors, from March 2006 to March 2013. Ms. Choe received a B.S. in Hospitality Management at Florida International University, and she also has higher education in accounting at Aj

01 Other Events

Item 8.01 Other Events . On January 3, 2024, the Company issued a press release announcing the appointment of Mr. Shafer as Chief Financial Officer. A copy of the press release is furnished as Exhibit 99.1 to this report. On January 4, 2024, the Company issued a press release announcing the appointment of Ms. Choe as Chief Accounting Officer. A copy of the press release is furnished as Exhibit 99.2 to this report. The information furnished with this Item 8.01, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release issued on January 3, 2024 99.2 Press Release issued on January 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 4, 2024 CARDIFF LEXINGTON CORPORATION /s/ Alex Cunningham Name: Alex Cunningham Title: Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR