Behind US stock gains, gold’s climb reflects growing market uncertainty: Macquarie
Maison Solutions Inc. (NASDAQ:MSS) announced Thursday that its board’s Compensation Committee has approved amendments to the employment agreements for Chief Executive Officer John Xu and Chief Financial Officer Alexandria Lopez. The changes increase Mr. Xu’s base salary to $180,000 and Ms. Lopez’s base salary to $120,000, both effective January 25, 2025.
According to the company’s statement, all other terms and conditions of the executives’ employment agreements remain unchanged. The amendments were approved and ratified on Thursday by the Compensation Committee.
Maison Solutions operates in the retail grocery sector and is incorporated in Delaware. The company’s Class A common stock trades on the Nasdaq Stock Market under the symbol MSS.
This information is based on a press release statement included in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Maison Solutions Inc. announced a restatement of its previously issued financial statements due to an accounting error related to an acquisition. The affected periods include April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025. This decision was made after discussions between the company’s Audit Committee, management, and independent auditor Kreit & Chiu CPA LLP. The error was discovered during the preparation of the annual report for the fiscal year ending April 30, 2025. In addition, Maison Solutions received a notice from The Nasdaq Stock Market LLC regarding a minimum bid price deficiency. The company’s stock has closed below the required $1.00 per share for 30 consecutive business days. Maison Solutions has until January 6, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.