Current Report Filing (8-k)
June 30 2023 - 7:01AM
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2023-06-30
2023-06-30
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2023-06-30
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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):
June 30, 2023
Moatable, Inc.
(Exact Name of Registrant as specified in its
charter)
Commission file number: 001-35147
Cayman Islands |
45 West Buchanan Street,
Phoenix, Arizona, 85003 |
Not Applicable |
(State or other jurisdiction of
incorporation or organization) |
(Address of principal executive offices,
including zip code) |
(I.R.S. Employer
Identification No.) |
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(833) 258-7482 |
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(Registrant’s telephone number,
including area code) |
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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
(see General Instruction A.2. below):
☐ |
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) |
Name of each exchange on which
registered |
American depositary shares, each representing 45 Class A ordinary shares |
MTBL |
The New York Stock Exchange |
Class A ordinary shares, par value $0.001 per share* |
MTBL |
The New York Stock Exchange |
* Not for trading, but only in connection with the listing on The New
York Stock Exchange of American depositary shares.
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 Officer.
James
Jian Liu, a director and the chief operating officer of Moatable, Inc. (the “Company”) intends to take a sabbatical. The sabbatical
will begin on June 30, 2023 and continue through June 29, 2024. During the sabbatical, Mr. Liu will remain an at-will employee of the
Company but will not fulfill any of his regular duties as an employee. Mr. Liu will continue to serve as a member of the Company’s
board of directors.
On
June 30, 2023, the Company entered into a sabbatical letter agreement with Mr. Liu. Under the terms of the sabbatical letter agreement,
Mr. Liu will not be paid his base salary and benefits during the term of the sabbatical, other than supplementary health benefits which
shall continue during his sabbatical. In addition, Mr. Liu will not be eligible to earn annual bonus during the term of the sabbatical.
However, Mr. Liu is entitled to receive $30,000 per annum, paid in arrears quarterly, for his continued service on the Company’s
board of directors. The vesting of Mr. Liu’s outstanding equity awards, including share options and restricted share units, will
be tolled during the sabbatical; however, such equity awards will remain outstanding in accordance with their terms.
The
foregoing description of the sabbatical letter agreement is not a complete description of all terms of the sabbatical letter agreement
and is qualified in its entirety by reference to the full text of the sabbatical letter agreement, a copy of which is attached as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.
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MOATABLE, INC. |
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By: |
/s/ Chris Palmer |
Date: |
June 30, 2023 |
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Chris Palmer |
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Chief Financial Officer |
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