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:

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 checkmark 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. 

 

 

 

 

 

On October 5, 2026, the Board of Directors (the “”) of Northann Corp. (the “”) voted to elect Mr. Vincent La Scala to serve as a director of the Company to fill the vacancy created by the resignation of Mr. Umesh Patel. Mr. La Scala will serve as Chair of the Board’s Audit Committee and as a member of the Board’s Nomination and Compensation Committees.  The Board found that Mr. La Scala qualifies to be an independent director

for purposes of each of Section 803A(2) and 803(B)(2) of the NYSE American Listed Company Guide (the “”) and Rule 10A-3(b)(1)

under the Securities Exchange Act of 1934 and that Mr. La Scala is both “financially literate” as that term is described in Section 303A.07 of the Listing Rules and is an “audit committee financial expert” as that term is described in Rule 407(d)(5) of Regulation S-K under the Securities Act of 1933.

 

Mr. La Scala has more than 30 years of experience in the financial services industry, specializing in senior credit risk management, credit policy governance, independent risk review, and engagement with U.S. and international regulators. He has particular expertise in wholesale and commercial banking, structured products, and cross-border risk oversight spanning the Americas, the Middle East, and Asia. Through April 2023, he was a Senior Credit Officer (Level II) at Citigroup Inc., where he served for more than 30 years and held Director-level positions in risk management for over two decades. He most recently served as Director, Independent Commercial Risk Management (2021–2023), supporting Citi Commercial Bank as a senior risk manager aligned with the U.S. Oil & Gas and U.S. Consumer & Healthcare businesses, and previously as Commercial Risk Policy Owner and Remedial Senior Credit Officer for U.S. Oil & Gas (2013–2021), and Director of Fundamental Credit Risk (1999–2012), leading firm-wide reviews of credit, market and operational risk policy, capital allocation, and structured-product control environments. Earlier in his career, he served as a Private Banker in the Arabian Gulf (1989–1997), growing assets under management from $48 million to over $450 million; and as Senior Quality Control Analyst (1997–1999), where he rebuilt Citi's Know Your Customer program across Latin American markets following severe regulatory criticism, materially mitigating a critical franchise risk. Mr. La Scala studied Finance at Hofstra University, where he received his M.B.A., and earned his B.A. from the State University of New York at Oneonta.

 

There are no familial or other relationships between Mr. La Scala and any director or member of management of the Company. There are no arrangements or understandings between Mr. La Scala and any other person pursuant to which he was appointed. Other than as described above, there are no transactions in which Mr. La Scala has an interest that would require disclosure under Item 404(a) of Regulation S-K.

 

 

The Company understands that Mr. Lin Li (its former Chief Executive Officer) has reached agreement with a third-party investor unrelated to him for the sale by Mr. Li of all of the securities of the Company he beneficially owns. These securities consist of 1,803,750 shares of Common Stock and 625,000 shares of Series A Preferred Stock. Upon the closing of this transfer, which is pending completion of certain paperwork, Mr. Li will no longer beneficially own any securities of the Company.

 

 

(d) Exhibits

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.