Audit committee at CareCloud (Nasdaq: CCLD) regains Nasdaq rule compliance
Rhea-AI Filing Summary
CareCloud, Inc. reported a board change affecting its audit committee. On March 24, 2026, the board appointed Cameron Munter to serve as a member of the Audit Committee. The board determined he meets Nasdaq’s independence requirements, so the Audit Committee now has three independent directors and the company has regained compliance with Nasdaq Listing Rule 5605(c)(2). Nasdaq has notified the company that it is back in compliance with this rule.
Positive
- None.
Negative
- None.
Insights
CareCloud restores Nasdaq audit committee compliance with a new independent director.
CareCloud has appointed Cameron Munter to its Audit Committee, and the board determined he meets Nasdaq’s independence standards under Listing Rule 5605(c)(2). This brings the committee to three independent directors, aligning its structure with exchange expectations.
This move removes a prior compliance issue with Nasdaq related to audit committee composition. Nasdaq has sent formal notice that the company is again compliant with Listing Rule 5605(c)(2), which helps reduce listing-related risk tied to governance structure.
Future company filings may provide more detail on Mr. Munter’s background, tenure and any additional committee responsibilities, which could further clarify how his expertise supports CareCloud’s financial reporting and oversight processes.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, zip code)
(Registrant’s telephone number, including area code)
Not
Applicable
(Former name or former address, if changed since last report)
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:
| 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 | ||
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 Officer; Compensatory Arrangements of Certain Officers.
On March 24, 2026, the Board of Directors (the “Board”) of CareCloud, Inc. (the “Company”) approved the appointment of Mr. Cameron Munter to serve as a member of the Audit Committee. The Board has affirmatively determined that Mr. Munter satisfies the independence requirements applicable to audit committee members under Nasdaq Listing Rule 5605(c)(2). Following this appointment, the Audit Committee is comprised of three independent directors, and the Company has regained compliance with Nasdaq Listing Rule 5605(c)(2). The Company has received notice from Nasdaq of its compliance.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE(S)
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.
| CareCloud, Inc. | ||
| Date: March 27, 2026 | By: | /s/ Norman Roth |
| Norman Roth | ||
| Interim Chief Financial Officer and Corporate Controller | ||