UNITED STATES
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FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On February 17, 2023, the Board of Directors (the “Board”) of Yoshiharu Global Co., a Delaware corporation (the “Company”) accepted independent director Helen Lee’s formal resignation, effective immediately. Ms. Lee’s decision to resign was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices (financial or otherwise).
Appointment of Director
On February 17, 2023, the Board appointed Ms. Harinne Kim as a director of the Company, effective immediately, to fill the vacancy created by Helen Lee’s resignation, with a term expiring at our annual meeting of stockholders in 2023 or until her successor is duly elected and qualified or until her earlier resignation, removal or death. Ms. Kim will serve as a member of the Audit Committee of the Board and as a member of the Compensation Committee of the Board. The Board’s Audit Committee membership now consists of Jay Kim, Yusil Yeo (Chair) and Harinne Kim. The Board’s Compensation Committee membership now consists of Jay Kim (Chair) and Harinne Kim.
Ms. Kim will receive compensation equal to $24,000 per annum for her service as a non-employee director. There is no arrangement or understanding between Ms. Kim and any other person pursuant to which she was selected as a director. Ms. Kim does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| YOSHIHARU GLOBAL CO. | ||
| By: | /s/ James Chae | |
| Name: | James Chae | |
| Title: | Chief Executive Officer | |
| Date: | February 22, 2023 | |