Northann Corp. (NCL) Form 8-K — Aug 20, 2026
Northann Corp.'s Board accepted the resignation of Lin Li as CEO, President, Secretary and Treasurer effective August 13, 2026, and Mr. Li resigned from the Board on August 18. The company states he now has no role in management, governance, financing, accounting, financial reporting, audit, internal control, SEC reporting or NYSE American compliance. François Vachon, 52, a financial-services veteran with prior roles at Desjardins Group and Manulife Financial, was appointed CEO on August 13 and joined the Board on August 18.
Key figures
- Employment term
- 1 year
- Ceo resignation date
- 2026-08-13
- Bonus or equity award
- none granted
- Board resignation date
- 2026-08-18
- Non solicitation period
- 12 months
- Early termination notice
- 30 days written notice
- New ceo salary thereafter
- $10,000 per month
- New ceo salary first 3 months
- $7,000 per month
AI analysis
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