HF Foods Group Inc. Announces CEO Appointment & Director Changes
Ticker: HFFG · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1680873
| Field | Detail |
|---|---|
| Company | Hf Foods Group Inc. (HFFG) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $675,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, ceo-appointment, director-election
Related Tickers: HFFG
TL;DR
New CEO Jianmin Wang takes the helm at HF Foods Group Inc. as director changes shake up the board.
AI Summary
HF Foods Group Inc. announced on December 16, 2024, the departure of director Mr. Jianmin Wang and the appointment of Mr. Jianmin Wang as Chief Executive Officer. The company also announced the election of Mr. Jianmin Wang and Ms. Xiaojuan Liu as Class II directors, effective December 16, 2024. These changes are effective immediately.
Why It Matters
This filing indicates significant leadership changes at HF Foods Group Inc., including a new CEO and board members, which could signal a shift in company strategy or operations.
Risk Assessment
Risk Level: medium — Leadership changes, especially the appointment of a new CEO and directors, can introduce uncertainty and potential strategic shifts, impacting the company's future performance.
Key Players & Entities
- HF Foods Group Inc. (company) — Registrant
- Jianmin Wang (person) — Departing Director, Appointed CEO, Elected Director
- Xiaojuan Liu (person) — Elected Director
- December 16, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new Chief Executive Officer of HF Foods Group Inc.?
Mr. Jianmin Wang has been appointed as the new Chief Executive Officer of HF Foods Group Inc.
Which director has departed from HF Foods Group Inc.?
Mr. Jianmin Wang has departed as a director from HF Foods Group Inc.
Who has been elected as a Class II director?
Mr. Jianmin Wang and Ms. Xiaojuan Liu have been elected as Class II directors.
What is the effective date of these leadership and director changes?
The changes are effective December 16, 2024.
What was HF Foods Group Inc.'s former name?
HF Foods Group Inc.'s former names include Atlantic Acquisition Corp. and Stars Acquisition Corp.
Filing Stats: 1,040 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2024-12-18 18:56:50
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value HFFG Nasdaq Capital Market
- $675,000 — ovides for (i) an annual base salary of $675,000, subject to annual review and adjustmen
- $1,000,000 — Performance Stock Units with a value of $1,000,000 contingent on certain conditions being
Filing Documents
- hffg-20241216.htm (8-K) — 34KB
- exhibit101-employmentagree.htm (EX-10.1) — 77KB
- exhibit991-ceoappointment.htm (EX-99.1) — 13KB
- image.jpg (GRAPHIC) — 11KB
- 0001680873-24-000069.txt ( ) — 327KB
- hffg-20241216.xsd (EX-101.SCH) — 2KB
- hffg-20241216_def.xml (EX-101.DEF) — 16KB
- hffg-20241216_lab.xml (EX-101.LAB) — 27KB
- hffg-20241216_pre.xml (EX-101.PRE) — 17KB
- hffg-20241216_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On December 19, 2024, the Company issued a press release in connection with the foregoing events. A copy of this press release is furnished as Exhibit 99.1 to this current report on Form 8-K and incorporated by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 Employment Agreement between HF Foods Group Inc. and Xi Lin 99.1 Company press release dated December 19 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. HF FOODS GROUP INC. Date: December 19, 2024 /s/ Cindy Yao Cindy Yao Chief Financial Officer