ISDR Blueprint iXBRL Document
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2021-02-15
2021-02-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of earliest event reported): February 15,
2021
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FREEDOM
HOLDING CORP.
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(Exact
name of registrant as specified in its charter)
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Nevada
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001-33034
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30-0233726
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(State
or other jurisdiction of incorporation)
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Commission
File
Number)
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(IRS
Employer
Identification
No.)
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77/7 Al Farabi Ave., “Esentai Tower” BC, Floor
7, Almaty,
Kazakhstan
050040
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(Address
of principal executive offices) (Zip Code)
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+7
727 311 10
64
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(Registrant’s
telephone number, including area code)
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N/A
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(Former
name or former address, if changed since last report.)
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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 (see General Instruction A.2
below):
☐
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 under Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
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FRHC
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The Nasdaq
Capital Market
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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, indicated 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 Officers; Compensatory
Arrangements of Certain Officers
On
February 15, 2021, upon the recommendation of the Compensation
Committee (the “Committee”) of the Board of Directors
(the “Board”) of Freedom Holding Corp (the
“Company”), the Board approved an increase in the
annual compensation package of the Company’s President, Askar
Tashtitov and the Company’s Chief Financial Officer, Evgeniy
Ler.
Annual Salary
Commencing on March
1, 2021, the annual net salary of each of Mr. Tashtitov and Mr. Ler
will increase to $300,000. Consistent with tax regulation in
Kazakhstan, all salary-related taxes and dues are the legal
responsibility of the employer.
Incentive Compensation
Based
on achievement during the Company’s 2022 fiscal year, (which
will begin April 1, 2021, and end March 31, 2022), of performance
metrics to be approved by the Compensation Committee, Mr. Tashtitov
and Mr. Ler will be eligible to receive incentive compensation
consisting of cash and/or short-term equity compensation, up to a
maximum amount of $400,000 and $300,000, respectively, and
long-term equity incentive, up to a maximum amount of $300,000 and
$300,000, respectively.
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.
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FREEDOM HOLDING
CORP.
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Date:
February 19, 2021
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By:
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/s/
Timur Turlov
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Timur
Turlov
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Chief
Executive Officer
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