UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Effective November 30, 2024, Ms. WANG Min (“Ms. Wang”) resigned from all positions at the Company, including her roles as a director on the Board of Directors (the “Board”) and as the Chief Executive Officer. Ms. Wang’s resignation was not due to any disagreement with the Company regarding its operations, policies, or practices. On November 25, 2024, Ms. Wang notified the Board of her decision to resign, and the Board accepted her resignation. A copy of Ms. Wang’s resignation letter is filed as Exhibit 17.1 to this Current Report on Form 8-K and is incorporated herein by reference.
On November 25, 2024, following receipt of Ms. Wang’s resignation letter, the Board elected Ms. Yin Yixuan (“Ms. Yin”) as a director and as Chief Executive Officer of the Company, effective November 30, 2024, to fill the vacancy. There are no arrangements or understandings between Ms. Yin and any other person pursuant to which she was appointed to these positions. On November 29, 2024, Ms. Yin entered into a written employment agreement with the Company as Chief Operating Officer. The initial term of her employment is set for three years from the date of the agreement, unless terminated earlier in accordance with the terms of the agreement. Ms. Yin’s annual salary will be determined by the Board on an annual basis, subject to review and adjustment as deemed appropriate by the Board. Except for her employment relationship with the Company and the related compensation arrangements, there are no relationships involving Ms. Yin that require disclosure under Item 404(a) of Regulation S-K. A copy of the employment agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | |
| 10.1 | Employment Agreement | |
| 17.1 | Resignation Letter | |
| 104 | Cover Page Interactive Date 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.
| LOOP MEDIA, INC. | ||
| Dated: December 2, 2024 | By: | /s/ Yin Yixuan |
| Name: | YIN Yixuan | |
| Title: | Chief Executive Officer | |