Will Lao Huang resign or be dismissed? Huida’s filing documents reveal the inside story, and 3 English words become the key

Huida announced on November 12, Eastern Time, that founder Huang Renxun resigned as CEO, which shocked the global technology industry. The outside world is paying attention to whether he resigned voluntarily or was dismissed by the board of directors. According to Huida's 8-K filing with the U.S. Securities and Exchange Commission (SEC), the three English words "accepted the resignation" became the focus, which means "accepted the resignation." The document records that the board of directors accepted Huang Renxun's resignation on November 11, which took effect immediately and was not removed.

According to the 8-K filing submitted by Huida, the board of directors accepted Huang Renxun's resignation as president, CEO and director on November 11, effective immediately.

The document uses the word "accepted the resignation," which means "accepted the resignation," and does not record a formal vote by the board of directors to remove Huang.

With the departure of Huang Renxun, Huida's board of directors appointed chief financial officer Colette Kress as interim chief executive officer and will continue to serve as chief financial officer. At the same time, the board of directors also appointed Harvey C. Jones, a director since 1993, as chairman on November 11.

It is worth noting that Huida officially announced this major personnel change on November 12, but the board of directors had accepted the resignation the day before and completed relevant succession arrangements. Although the two dates are different, it may just be the normal time difference between the company's internal procedures and external announcements. The actual time interval cannot be confirmed.