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0000942126
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0000942126
2025-11-10
2025-11-10
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U.S.
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):
November 10, 2025
TAITRON
COMPONENTS INCORPORATED
(Exact name of registrant as specified in its charter)
| California |
|
0-25844 |
|
95-4249240 |
| (State or other |
|
(Commission File Number) |
|
(I.R.S. Employer |
| jurisdiction of incorporation) |
|
|
|
Identification No.) |
28040 WEST HARRISON PARKWAY, VALENCIA, CALIFORNIA 91355
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (661) 257-6060
NONE
(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 |
| Class A common stock |
|
TAIT |
|
NASDAQ Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
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 3.01 Notice of Delisting or
Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On November 10, 2025, our Board of Directors approved the decision
to voluntarily delist its common stock from The Nasdaq Stock Market and, based upon ownership of its shares by fewer than 300 holders
of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations. Our Board
of Directors concluded that the costs of maintaining the Nasdaq listing and remaining a public reporting company, including costs of compliance,
the demands on management time and the Company resources required to maintain its listed and registered status, outweigh the benefits
to the Company and its stockholders of continued Nasdaq listing and SEC reporting.
The Company will file a Form 25 with the Securities and Exchange
Commission on or about November 24, 2025, and the Nasdaq delisting is expected to become effective on or about December 4, 2025, at which
time trading on Nasdaq will cease. The common stock may thereafter be eligible for quotation on the Pink tier of OTC Markets Group if
market makers commit to making a market in the Company’s shares. The Company can provide no assurance that trading in its common
stock will continue on the OTC Markets Group or otherwise.
After the Nasdaq delisting becomes effective, the Company will file
a Form 15 with the Securities and Exchange Commission on or about December 8, 2025, at which time the Company anticipates that its obligation
to file periodic reports under the Exchange Act, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K,
respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement
to file current and periodic reports, will terminate permanently 90 days thereafter.
ITEM 5.02 Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 10, 2025, David Vanderhorst resigned
as Chief Financial Officer and Secretary of the Company, effective immediately. Mr. Vanderhorst will remain an employee of the Company,
serving as the Company’s Controller. The Company’s President and Chief Executive Officer, Stewart Wang, has assumed
the duties of principal financial officer and principal accounting officer of the Company.
ITEM 9.01 Financial Statements and Exhibits
| Exhibit No. |
|
Exhibit Description |
| 99.1 |
|
Press release dated November 14, 2025 announcing voluntary Nasdaq delisting, CFO resignation and Third Quarter 2025 Results. |
| 104 |
|
Cover Page Interactive Data File (formatted as Inline XBRL) |
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.
| |
TAITRON COMPONENTS INCORPORATED |
| |
|
|
| Dated: November 14, 2025 |
By: |
/s/ Stewart Wang |
| |
|
Stewart Wang |
| |
|
Chief Executive Officer, Director, Chief Financial Officer and Principal Accounting Officer |