Summary by Moomoo AI
Phunware, Inc., a company listed on the NASDAQ Capital Market under the trading symbol PHUN, filed a Form 8-K with the U.S. Securities and Exchange Commission on January 26, 2024, reporting on recent changes within its board of directors. The report confirmed that Ryan Costello had resigned from his position on the board effective December 31, 2023. Subsequently, on January 22, 2024, the board appointed Chris Olive as a Class II director to fill the vacancy left by Costello. However, on the same day, the board decided to reduce its size, resulting in Chris Olive's immediate resignation from the director role. Olive's resignation was not due to any disagreements with the company's operations, policies, or practices. The board now consists of four directors, with two Class I directors, one Class II director, and one Class III director.