PHOENIX MOTOR INC. 8-K

What Happened Phoenix Motor Inc. (PEVM) filed an 8-K (Item 5.02) reporting that independent director Julia Yu resigned from the Board of Directors effective February 16, 2026. Ms. Yu served as Chair of the Board’s audit committee and was a member of the compensation committee and the nominating and governance committee. The company stated her resignation was not due to any disagreement with the company.

Key Details

• Resignation date: February 16, 2026.
• Director: Julia Yu, independent director and Chair of the audit committee.
• Committee roles: Audit committee chair; member of compensation and nominating & governance committees.
• Company action: Actively searching for a qualified independent director to fill the vacancy.

Why It Matters A departure of the audit committee chair is material for investors because the audit committee oversees financial reporting, controls, and the external audit—areas important to transparency and investor confidence. Phoenix Motor’s disclosure that the resignation was not due to any disagreement reduces concerns about immediate governance conflicts. Investors should watch for updates on the appointment of a new independent director and any subsequent committee reassignments.