Multi Ways Holdings CFO Nancy Lee Resigns, Search for Successor Underway
Ticker: MWG · Form: 6-K · Filed: Feb 16, 2024 · CIK: 1941500
Sentiment: neutral
Topics: executive-change, resignation, CFO
TL;DR
**Multi Ways Holdings' CFO Nancy Lee is stepping down March 12th for personal reasons, company is looking for a new one.**
AI Summary
Ms. Lee Pei Pei (Nancy) has provided notice of her intent to resign as the Chief Financial Officer of Multi Ways Holdings Limited, effective March 12, 2024. Her resignation is due to personal reasons and not any disagreement with the company's financial or accounting practices. The Board of Directors of Multi Ways Holdings Limited intends to search for a replacement for Ms. Lee.
Why It Matters
A change in a company's CFO can impact investor confidence and the continuity of financial operations, especially for a foreign private issuer like Multi Ways Holdings Limited.
Risk Assessment
Risk Level: medium — The departure of a key executive like a CFO, even for personal reasons, introduces uncertainty and potential disruption to financial operations.
Key Players & Entities
- Lee Pei Pei (Nancy) (person) — Chief Financial Officer of Multi Ways Holdings Limited
- Multi Ways Holdings Limited (company) — Registrant company
- March 12, 2024 (date) — Effective date of resignation
- February 13, 2024 (date) — Date notice of resignation was provided
FAQ
Who is resigning from Multi Ways Holdings Limited?
Ms. Lee Pei Pei (Nancy) is resigning from Multi Ways Holdings Limited.
What is Ms. Lee Pei Pei (Nancy)'s role at Multi Ways Holdings Limited?
Ms. Lee Pei Pei (Nancy) is the Chief Financial Officer of Multi Ways Holdings Limited.
When is Ms. Lee Pei Pei (Nancy)'s resignation effective?
Ms. Lee Pei Pei (Nancy)'s resignation is effective March 12, 2024.
What is the stated reason for Ms. Lee Pei Pei (Nancy)'s resignation?
Ms. Lee Pei Pei (Nancy) resigned for personal reasons.
Is there any disagreement cited for Ms. Lee Pei Pei (Nancy)'s resignation?
No, the filing states her resignation was not a result of any disagreement with the Company or its independent registered public accountants on any financial or accounting matters.
Filing Stats: 227 words · 1 min read · ~1 pages · Grade level 12.5 · Accepted 2024-02-16 16:30:30
Filing Documents
- form6-k.htm (6-K) — 15KB
- 0001493152-24-007024.txt ( ) — 16KB
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, thereunto duly authorized. Multi Ways Holdings Limited Date: February 16, 2024 By: /s/ Lim Eng Hock Name: Lim Eng Hock Title: Chief Executive Officer and Director