Form 8-K - Current report
September 05 2023 - 4:10PM
Edgar (US Regulatory)
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2023-09-01
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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): September
1, 2023
Karat Packaging Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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001-40336 |
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83-2237832 |
(State or other jurisdiction
of incorporation |
|
(Commission File Number |
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(IRS Employer
Identification No.) |
6185 Kimball Avenue, Chino, CA 91708
(Address of principal executive offices) (Zip Code)
(626) 965-8882
Registrant’s telephone number, including
area code:
N/A
(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 obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
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 |
|
Name of each
exchange on which registered |
Common Stock, $0.001 par
value per share |
|
KRT |
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The Nasdaq Stock Market
LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in 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 checkmark
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 Director
On September 1, 2023,
the Board of Directors (the “Board”) of Karat Packaging Inc. (the “Company”), acting upon the recommendation
of the Nominating and Corporate Governance Committee, appointed Jian Guo, the Company’s Chief Financial Officer, as a director of the
Company to fill the vacancy resulting from Joanne Wang’s departure from the Board, effective September 1, 2023. Ms. Guo will serve
as a director of the Company until the Company’s next annual meeting of stockholders and until her successor is duly elected and qualified,
or until her earlier resignation or removal.
There are no related party
transactions between the Company and Ms. Guo which would require disclosure under Item 404 of Regulation S-K.
A copy of the press release
announcing Ms. Guo’s appointment as director of the Company is attached to this Current Report on Form 8-K as Exhibit 99.1 and
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished herewith:
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.
Date: September 5, 2023 |
KARAT PACKAGING INC. |
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By: |
/s/ Jian Guo |
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Jian Guo |
|
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Chief Financial Officer |
2
Exhibit 99.1
Karat Packaging Appoints Jian Guo Board of Directors
CHINO, Calif., September 5, 2023 –Karat Packaging Inc. (Nasdaq:
KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and
related items, today announced the appointment of its Chief Financial Officer, Jian Guo, to the board of directors, effective immediately,
filling a vacant seat. Ms. Guo will continue in her role as Chief Financial Officer.
Ms. Guo joined Karat in February 2022 with deep experience in the public
company marketplace. Previously, she was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed
global consulting firm, and was senior director, financial reporting, at Newegg Inc., an international tech-focused e-retailer. She previously
held a nine-year career with Ernst & Young, LLP, assisting with public offerings and SEC reporting and managing multiple audit teams.
Karat’s board comprises five members, three of whom are independent.
About Karat Packaging Inc.
Karat Packaging Inc. is a specialty distributor
and manufacturer of a wide range of disposable foodservice products and related items, primarily used by national and regional
restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags,
tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The company’s
eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat
Packaging also offers customized solutions, including new product development and design, printing, and logistics services. To learn
more about Karat Packaging, please visit the company’s website at www.karatpackaging.com.
Investor Relations and Media Contacts:
PondelWilkinson Inc.
Judy Lin/Roger Pondel
310-279-5980
ir@karatpackaging.com
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