0001509223
false
00-0000000
0001509223
2023-06-30
2023-06-30
0001509223
RENN:AmericanDepositarySharesEachRepresenting45ClassOrdinarySharesMember
2023-06-30
2023-06-30
0001509223
RENN:ClassOrdinarySharesParValue0.001PerShareMember
2023-06-30
2023-06-30
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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):
June 30, 2023
Moatable, Inc.
(Exact Name of Registrant as specified in its
charter)
Commission file number: 001-35147
Cayman Islands |
45 West Buchanan Street,
Phoenix, Arizona, 85003 |
Not Applicable |
(State or other jurisdiction of
incorporation or organization) |
(Address of principal executive offices,
including zip code) |
(I.R.S. Employer
Identification No.) |
|
|
|
|
(833) 258-7482 |
|
|
(Registrant’s telephone number,
including area code) |
|
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
(see General Instruction A.2. below):
☐ |
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 |
American depositary shares, each representing 45 Class A ordinary shares |
MTBL |
The New York Stock Exchange |
Class A ordinary shares, par value $0.001 per share* |
MTBL |
The New York Stock Exchange |
* Not for trading, but only in connection with the listing on The New
York Stock Exchange of American depositary shares.
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 ☐
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 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer.
James
Jian Liu, a director and the chief operating officer of Moatable, Inc. (the “Company”) intends to take a sabbatical. The sabbatical
will begin on June 30, 2023 and continue through June 29, 2024. During the sabbatical, Mr. Liu will remain an at-will employee of the
Company but will not fulfill any of his regular duties as an employee. Mr. Liu will continue to serve as a member of the Company’s
board of directors.
On
June 30, 2023, the Company entered into a sabbatical letter agreement with Mr. Liu. Under the terms of the sabbatical letter agreement,
Mr. Liu will not be paid his base salary and benefits during the term of the sabbatical, other than supplementary health benefits which
shall continue during his sabbatical. In addition, Mr. Liu will not be eligible to earn annual bonus during the term of the sabbatical.
However, Mr. Liu is entitled to receive $30,000 per annum, paid in arrears quarterly, for his continued service on the Company’s
board of directors. The vesting of Mr. Liu’s outstanding equity awards, including share options and restricted share units, will
be tolled during the sabbatical; however, such equity awards will remain outstanding in accordance with their terms.
The
foregoing description of the sabbatical letter agreement is not a complete description of all terms of the sabbatical letter agreement
and is qualified in its entirety by reference to the full text of the sabbatical letter agreement, a copy of which is attached as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.
|
MOATABLE, INC. |
|
|
|
|
By: |
/s/ Chris Palmer |
Date: |
June 30, 2023 |
|
Chris Palmer |
|
|
Chief Financial Officer |
Exhibit 99.1
Date: June 30, 2023
Moatable, Inc.
45 West Buchanan Street
Phoenix, AZ 85003
James Liu
via Email: james.liu@renren-inc.com
Re: Your Sabbatical
Dear James:
This letter (this “Letter”) memorializes our agreement
regarding your sabbatical with Moatable, Inc. (the “Company”).
Your sabbatical will begin on June 30, 2023, and will continue through
and including June 29, 2024 (such period, your “Sabbatical”). During your Sabbatical, you will remain an at-will employee
of the Company but are not expected to and should not fulfill any of your regular duties as an employee. You will, however, continue to
serve as a member of the Board of Directors of the Company (the “Board”). During your Sabbatical, you will cease to
be paid your base salary and benefits. You also will not be eligible to earn your annual bonus during your Sabbatical; however, you will
receive $30,000 per annum, paid in arrears quarterly, for your service on the Board.
You will not be eligible to be granted an equity award in the capacity
of an employee or officer under the Company’s long-term incentive program while on Sabbatical. In the event you return to active
employment at the end of your Sabbatical, you will be eligible to be granted an equity award in the capacity of an employee or officer
under the Company’s long-term incentive program. During your Sabbatical, the vesting of your outstanding equity awards, including
your share options and restricted share units, will be tolled; however, such equity awards will remain outstanding in accordance with
their terms and will recommence vesting on their existing schedule, adjusted to reflect the tolling during your Sabbatical, upon your
return to active employment following the completion of your Sabbatical. Should you not return from your Sabbatical, your unvested or
unexercised equity awards shall terminate and be cancelled pursuant to the terms of your award agreements.
During your Sabbatical, you will continue to have access to your Company
e-mail account, certain Company facilities and certain information systems of the Company, in each case, as determined necessary or appropriate
by the Company. You will also retain your Company issued laptop. You agree to only access Company proprietary information to the extent
necessary to fulfill any duties to the Company you perform during your Sabbatical. For the avoidance of doubt, during and after your Sabbatical,
you will remain subject to, and hereby reaffirm your obligations under the Proprietary Information and Inventions Agreement you previously
entered into with the Company.
During your Sabbatical, you will remain subject to confidentiality
and other obligations under the terms of your employment contract and other agreements with the Company, including those related to ownership
of intellectual property. Should your employment with the Company terminate, your confidentiality and other obligations shall continue
as agreed under your employment contract and other agreements with the Company, or pursuant to applicable laws and regulations.
You agree to promptly notify the Chief Executive Officer of the Company
in writing if you decide not to return to active employment at the end of your Sabbatical and, unless your Sabbatical is extended prior
to its specified end date of June 29, 2024 by mutual agreement between the Company and you. If you do not return to active employment
at the end of your Sabbatical for any reason other than your death, your employment will be deemed to have terminated on June 29, 2024.
If you die during the Sabbatical, your employment will be deemed to have terminated on your date of death and your unvested equity awards
will be treated in accordance with the Company’s applicable equity incentive plans.
During your Sabbatical, you will continue to be eligible for continued
coverage under the local supplementary medical insurance plan, but the statutory contribution to your existing regular social insurance
and housing provident fund per current employment contract will end on June 30, 2023.
This Letter constitutes the entire and exclusive agreement between
the Company and you with respect to the subject matter hereof. This Letter may not be amended or modified, except by an express written
agreement signed by both you and a duly authorized officer of the Company. This Letter will be governed by Arizona law, excluding laws
relating to conflicts or choice of law. This Letter has been duly authorized and approved by the Compensation Committee of the Board.
Please indicate your agreement to the terms of this Letter by returning
a signed copy of this Letter at your earliest convenience. If you have any questions, please contact me.
Very truly yours, |
|
|
|
Moatable, Inc. |
|
|
|
/s/ Joseph Chen |
|
Joseph Chen, Chief Executive Officer |
|
|
|
ACCEPTED AND AGREED |
|
|
|
James Jian Liu |
|
|
|
/s/ James Jian Liu |
|
Date: June 30, 2023 |
|
v3.23.2
Cover
|
Jun. 30, 2023 |
Document Information [Line Items] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jun. 30, 2023
|
Entity File Number |
001-35147
|
Entity Registrant Name |
Moatable, Inc.
|
Entity Central Index Key |
0001509223
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
45 West Buchanan Street
|
Entity Address, City or Town |
Phoenix
|
Entity Address, State or Province |
AZ
|
Entity Address, Postal Zip Code |
85003
|
City Area Code |
(833)
|
Local Phone Number |
258-7482
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
false
|
American depositary shares, each representing 45 Class A ordinary shares |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
American depositary shares, each representing 45 Class A ordinary shares
|
Trading Symbol |
MTBL
|
Security Exchange Name |
NYSE
|
Class A ordinary shares, par value $0.001 per share* |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Class A ordinary shares, par value $0.001 per share*
|
Trading Symbol |
MTBL
|
Security Exchange Name |
NYSE
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=RENN_AmericanDepositarySharesEachRepresenting45ClassOrdinarySharesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=RENN_ClassOrdinarySharesParValue0.001PerShareMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Renren (NYSE:RENN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Renren (NYSE:RENN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024