Jerash Holdings (Nasdaq: JRSH) to separate chairman and CEO roles
Rhea-AI Filing Summary
Jerash Holdings (US), Inc. reported a planned board leadership transition. On July 16, 2026, Chairman and director Sam Choi told the board he will not stand for re-election at the 2026 annual meeting; this decision is stated as not arising from any disagreement with the company. He will continue as Chief Executive Officer, President and Treasurer.
On July 17, 2026, the nominating and corporate governance committee recommended, and the board approved, nominating Ringo (Tsze Lun) Ng, the companys Head of Marketing, to stand for election as director and, if elected by stockholders, to become Chairman of the Board effective immediately after the meeting. Ng, age 71, is a co-founder with more than 50 years garment industry experience and leadership roles across Jerash and its subsidiaries. The company reports no family relationships or undisclosed related-party transactions involving Ng and notes his compensation arrangements will remain unchanged. Jerash manufactures and exports custom sportswear and outerwear from eight factory units and six warehouses in Jordan, employing about 6,300 people.
Positive
- None.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
Annual Meeting of Stockholders regulatory
nominating and corporate governance committee regulatory
Item 404(a) of Regulation S-K regulatory
Emerging growth company regulatory
Chairman of the Board financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board leadership changes did Jerash Holdings (JRSH) disclose?
Will Sam Choi remain with Jerash Holdings (JRSH) after stepping down as chairman?
Who is Ringo Ng at Jerash Holdings (JRSH) and what is his background?
When will the chairman transition at Jerash Holdings (JRSH) take effect?
Will Ringo Ng receive additional compensation as chairman at Jerash Holdings (JRSH)?
What is the scale of Jerash Holdings (JRSH) operations mentioned in this filing?
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: (
(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 | ||
| The |
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 Officers.
On July 16, 2026, Mr. Choi Lin Hung, a director and Chairman of the Board of Directors (the “Board”) of Jerash Holdings (US), Inc. (the “Company”), informed the Board that he would not stand for re-election as a director and Chairman of the Board at the Company’s 2026 annual meeting of stockholders (the “Meeting”). Mr. Choi’s decision not to stand for re-election was not the result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. Mr. Choi will continue to serve as the Company’s Chief Executive Officer, President, and Treasurer.
On July 17, 2026, the nominating and corporate governance committee of the Board recommended, and the Board resolved, that Mr. Ng Tsze Lun, Head of Marketing of the Company, be nominated for election as a director at the Meeting, and, contingent upon his election by the stockholders, be elected to serve as Chairman of the Board effective immediately following the Meeting.
Mr. Ng, age 71, has served as Head of Marketing of the Company and the Head of Marketing of the Company’s subsidiaries, Jerash Garments and Fashions Manufacturing Co., Ltd. and Treasure Success International Limited (“Treasure Success”) since January 1, 2018 and the Head of Business Development of Treasure Success since April 1, 2022. Mr. Ng has over 50 years of experience in the garment industry with the majority of the time playing executive roles with his well-rounded expertise from customer relationships to production. Mr. Ng has also served as a director of Treasure Success since August 2016. The Board believes that Mr. Ng is well qualified to serve as a director and Chairman of the Board of the Company due to his extensive experience in business management and institutional knowledge.
There are no family relationships between Mr. Ng and any director or executive officer of the Company. To the best knowledge of the Company, there is no understanding or arrangement between Mr. Ng and any other person pursuant to which Mr. Ng was nominated as a director of the Company. To the best knowledge of the Company, neither Mr. Ng nor any of his immediate family members is a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K, except for those disclosed in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on June 18, 2026. In connection with Mr. Ng’s nomination as a director and Chairman of the Board, there will be no changes to Mr. Ng’s existing compensation arrangements with the Company.
On July 21, 2026, the Company issued a press release to announce the upcoming changes to its Board. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Exhibit | |
| 99.1 | Press Release, dated July 21, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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.
| JERASH HOLDINGS (US), INC. | ||
| July 21, 2026 | By: | /s/ Choi Lin Hung |
| Choi Lin Hung | ||
|
Chairman of the Board of Directors, Chief Executive Officer, President, and Treasurer | ||
2
Exhibit 99.1
Jerash Holdings Announces Board Leadership Transition,
Nominates Co-Founder Tsze Lun (Ringo) Ng as Chairman;
Lin Hung (Sam) Choi to Continue as CEO
Fairfield, New Jersey – July 21, 2026 – Jerash Holdings (US), Inc. (Nasdaq: JRSH) (the “Company” or “Jerash”), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced that its board of directors (the “Board”) had nominated Ringo Ng for election as a director at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”) in September. If elected by stockholders, Mr. Ng will succeed Sam Choi as Chairman of the Board, effective immediately following the Annual Meeting. Mr. Choi will continue to serve as the Company’s CEO and will not stand for re-election to the Board at the Annual Meeting.
Mr. Ng, a co-founder of the Company, has served as Head of Marketing of Jerash and its subsidiaries, Jerash Garments and Fashions Manufacturing Co., Ltd. and Treasure Success International Limited (“Treasure Success”) since 2018 and as Head of Business Development of Treasure Success since 2022. He has also served as a director of Treasure Success since 2016. Mr. Ng has more than 50 years of experience in trade and manufacturing within the garment industry.
“Separating the Chairman and CEO roles reflects our commitment to strong corporate governance and, over the long term, is the best structure for Jerash and its stockholders,” said Sam Choi. “As we enter our next phase of growth, focusing fully on my role as CEO will enable me to lead the Company’s growth plan and advance the strategic objectives we have set for the business.”
“I am honored to be nominated as Chairman of the Board and to continue supporting Sam and the management team as they implement Jerash’s growth strategy,” said Ringo Ng. “Having worked alongside Sam to grow the Company since its inception, I have a deep appreciation for Jerash’s business, culture and long-term opportunities. With my experience in the textile and apparel industry, I look forward to helping guide the Board’s development of long-term growth strategy, while supporting management and the Board to focus on their respective responsibilities.”
About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as Calvin Klein, Tommy Hilfiger, and Nautica), Hugo Boss, American Eagle, Acushnet Holdings Corp (which owns the brand FootJoy). Jerash’s existing production facilities in Jordan comprise eight factory units and six warehouses, and Jerash currently employs approximately 6,300 people. Additional information is available at www.jerashholdings.com.
# # #
For more Information, Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.com