Flux Power Holdings, INC 8-K filings

Flux Power Holdings amends its loan agreement with Gibraltar Business Capital, modifying the EBITDA financial covenant and incurring a $50,000 amendment fee.

Flux Power Holdings has announced that Baker Tilly US, LLP will not stand for re-election as their independent auditor, and they have appointed Haskell & White LLP as their new auditor.

Flux Power Holdings has received a notice from Nasdaq for failing to file its quarterly and annual reports, putting its listing status at risk.

Flux Power's Chairman and CEO, Ron Dutt, has announced his planned retirement, initiating a search for his successor while he remains with the company during the transition.

Flux Power has identified a $4.9 million adjustment related to inventory and warranty issues, leading to a restatement of past financials and a delay in filing its annual and quarterly reports.

Flux Power Holdings received a notice from Nasdaq for failing to file its annual report on time, putting its listing at risk.

Flux Power Holdings will restate past financial statements due to a $1.7 million inventory error, primarily related to obsolete stock from product innovation.

Flux Power Holdings, Inc. has amended its loan agreement with Gibraltar Business Capital, LLC, adjusting the minimum EBITDA requirements and paying a $50,000 amendment fee.

Flux Power's Q3 fiscal 2024 results show a slight revenue decrease and increased losses, but the company is implementing strategic initiatives to improve margins and sales.

Flux Power Holdings has appointed Mark F. Leposky as a new director and approved compensation packages for non-executive directors at its 2024 Annual Meeting of Stockholders.

Flux Power Holdings has increased the base salary of its Vice President of Operations, Jeff Mason, to $275,000, effective March 1, 2024.

Flux Power Holdings, Inc. has announced the departure of its CFO, Charles Scheiwe, and the appointment of Kevin S. Royal as the new CFO, along with other board changes.

Flux Power reported a 7% increase in revenue to a record $18.3 million and positive adjusted EBITDA of $0.3 million for the second fiscal quarter of 2024.

Flux Power Holdings, Inc. has amended its loan agreement with Gibraltar Business Capital, increasing the commitment by $1 million and adjusting financial covenants.