09/30/2025 | Press release | Distributed by Public on 09/30/2025 15:26
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 26, 2025, Dr. Wen-Ching (Stephen) Yang notified the board of directors (the "Board") of SolarMax Technology, Inc. (the "Company") that he would not stand for re-election to the Board. Dr. Yang was the chair of the audit committee and a member of the nominating and corporate governance committee of the Board. Dr. Yang's decision did not result from a disagreement with the Company on any matter relating to the Company's operations, policies or practices.
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