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
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Explanatory Note
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers. |
On March 8, 2024, effective immediately, David Proman and Diego Dayenoff resigned as directors of APX Acquisition Corp. I (the “Company”). Each of Mr. Proman and Mr. Dayenoff informed the Company that their resignations were not the result of any disagreements on any matter related to the Company’s operations, policies or practices.
On the same date, the Board appointed Daniel Mudd as a director of the Company and a member of the audit, compensation and nomination and governance committees of the Company’s board of directors. Mr. Mudd will chair the audit committee. The board of directors has determined that Mr. Mudd is “independent” under applicable Nasdaq listing standards and applicable SEC rules and that Mr. Mudd qualifies as an “audit committee financial expert” as defined in applicable SEC rules and has accounting or related financial management expertise. No family relationship exists between Mr. Mudd and any of the Company’s directors or executive officers. There are no arrangements or understandings between Mr. Mudd and any other person pursuant to which Mr. Mudd was selected as an officer of the Company, nor are there any transactions to which the Company is or was a participant and in which Mr. Mudd had or will have a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.
SIGNATURE
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.
| APX ACQUISITION CORP. I | ||||||
| Dated: May 2, 2024 | By: | /s/ Kyle Bransfield | ||||
| Name: | Kyle Bransfield | |||||
| Title: | Chief Executive Officer | |||||