Cytodyn Inc (CYDY)

[justdafactss]

Hmmm, kinda looks like a resignation.

8k clearly says in BOLD type (b)"and"(c)


https://www.sec.gov/ix?doc=/Archives/edgar/data/1175680/000155837023010412/cydy-20230518x8k.htm

Item 5.02(b) defined---

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Question 24
Q: Is the obligation to report an event specified in Item 5.02(b) of Form 8-K triggered by a director's or officer's notice to the issuer? Must the Form 8-K disclose the effective date of the resignation or other event?

A: Yes. With respect to any resignation, retirement or refusal to stand for re-election reportable under Item 5.02(b), the Form 8-K reporting obligation is triggered by a notice of a decision to resign, retire or refuse to stand for re-election provided by the director or executive officer, whether or not such notice is written. The disclosure shall specify the effective date of the resignation or retirement. In the case of a refusal to stand for re-election, the registrant must disclose when the election in question will occur, for example, at the registrant's next annual meeting. No disclosure is required solely by reason of Item 5.02(b) of discussions or consideration of resignation, retirement or refusal to stand for re-election. Whether communications represent discussion or consideration, on the one hand, or notice of a decision, on the other hand, is a facts and circumstances determination. A registrant should ensure that it has appropriate disclosure controls and procedures under Exchange Act Rules 13a-14 and 15d-14 in order to determine when a notice of resignation, retirement or refusal has been communicated to the registrant.
https://www.sec.gov/divisions/corpfin/form8kfaq.htm