[8-K] Reservoir Media, Inc. Reports Material Event

Rhea-AI Filing Summary

Phoenix Motor Inc. (PEV) filed a Form 8-K reporting the resignation of Chief Financial Officer Michael Yung, effective 2 Aug 2025. The company states Mr. Yung left for personal reasons and had no disagreements regarding the firm’s operations or accounting practices.

CEO Denton Peng will serve as interim principal financial and accounting officer while the Board undertakes an internal and external search for a permanent replacement. No additional financial results or business updates were included.

The filing also notes that trading of Phoenix Motor’s common stock was suspended on Nasdaq on 15 Apr 2025 and shares now quote on the OTC Pink under the symbol PEVMD.

Positive

• Board has committed to a formal search for an experienced CFO, signalling intent to restore financial leadership stability.

Negative

• CFO Michael Yung’s resignation removes the company’s top financial officer with immediate effect.
• CEO assuming interim CFO role concentrates key management duties, potentially stressing internal controls.

Insights

Corporate Governance Expert

TL;DR: Sudden CFO exit heightens governance risk; interim CEO dual-hat may worry investors.

The unexpected resignation of the CFO at a micro-cap EV maker already delisted from Nasdaq compounds oversight concerns. Even though the company claims no accounting disagreements, losing a key financial steward without an immediate successor can disrupt reporting processes and lender confidence. CEO Denton Peng’s assumption of CFO duties creates high key-person concentration and potential internal control strain until a qualified finance chief is hired.

Financial Analyst

TL;DR: Leadership gap is notable but no direct financial data provided; impact modest near term.

While management turnover is negative, the filing lacks earnings or liquidity metrics, limiting quantitative assessment. Investors will monitor how quickly the board secures an experienced CFO and whether the change affects audit timelines or capital-raising plans. Given shares already trade OTC, market reaction may be muted unless follow-up disclosures reveal operational fallout.

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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): August 5, 2025

RESERVOIR MEDIA, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39795		83-3584204
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

200 Varick Street Suite 801 New York, New York		10014
(Address of principal executive offices)		(Zip Code)

(212) 675-0541

(Registrant’s telephone number, including area code)

N/A

(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
Common stock, $0.0001 par value per share		RSVR		The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share		RSVRW		The Nasdaq Stock Market LLC

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 x

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 2.02 Results of Operations and Financial Condition.

On August 5, 2025, Reservoir Media, Inc., a Delaware corporation (the “Company”), issued a press release announcing the condensed consolidated financial results of the Company for the quarter ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference in any filing by the Company with the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended, or the Exchange Act, unless the Company expressly sets forth by specific reference in such filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press release, dated August 5, 2025.
104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		RESERVOIR MEDIA, INC.
Date:	August 5, 2025	By:	/s/ Golnar Khosrowshahi
			Name: Golnar Khosrowshahi
			Title:   Chief Executive Officer

FAQ

Why did Phoenix Motor (PEV) CFO Michael Yung resign?

The Form 8-K states Mr. Yung resigned on 2 Aug 2025 for personal reasons with no disagreements on accounting or operations.

Who will handle Phoenix Motor’s financial duties after the resignation?

CEO Denton Peng will act as principal financial and accounting officer until a new CFO is appointed.

Did Phoenix Motor report any accounting issues related to the resignation?

The company specifically noted there were no disagreements regarding accounting policies or practices.

Where is Phoenix Motor’s stock currently traded?

After Nasdaq suspended trading on 15 Apr 2025, shares moved to the OTC Pink Limited Market under the symbol PEVMD.

What is the effective date of the CFO’s departure?

Michael Yung’s resignation became effective on 2 Aug 2025.