Item 5.02. Departure of Directors or Principal Officers; Election of Directors:
Appointment of Principal Officers
Increase in Number of Directors; Appointment of Directors
On July 29, 2022, pursuant to Liberty Resource Acquisition Corp.'s ("Liberty" or
the "Company") Amended and Restated Certificate of Incorporation and Bylaws, the
board of directors of the Company (the "Board") increased the number of
directors on the Board from four to six and appointed Dato' Seri Chee Hong Leong
to the Board as a Class III Director and Mohamed Zahed Bin Hashim to the Board
as a Class II Director. Neither appointee has been appointed to any committee of
the Board.
As discussed in the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2021, filed with the Securities and Exchange Commission on
March 31, 2022, the Company does not pay compensation to its directors, although
directors may be reimbursed for any out-of-pocket expenses incurred in
connection with activities on the Company's behalf.
There are no arrangements or understandings between either Dato' Seri Chee Hong
Leong or Mohamed Zahed Bin Hashim, on the one hand, and any other persons, on
the other hand, pursuant to which either was appointed as a director.
Furthermore, there are no transactions in which either Dato' Seri Chee Hong
Leong or Mohamed Zahed Bin Hashim has an interest that would be required to be
reported under Item 404(a) of Regulation S-K.
Resignation of Director
On July 30th, 2022 Akbar Tajudin Abdul Wahab resigned from the Board for
personal reasons, as set forth in his correspondence to Dato' Maznah Abdul
Jalil, the Company's Chairman, Chief Executive Officer and Director, a copy of
which is attached hereto as Exhibit 99.1. Akbar Tajudin Abdul Wahab was an
independent director and served on the Audit Committee and Compensation
Committee of the Board. His resignation is effective July 30, 2022.
Item 7.01 Regulation FD Disclosure
On August 3, 2022, the Company issued a press release announcing the appointment
of Mohamed Zahed Bin Hashim and Dato' Seri Chee Hong Leong to the Board and the
resignation of Akbar Tajudin Abdul Wahab. A copy of the press release is
attached to this Current Report on Form 8-K as Exhibit 99.02.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.01 Resignation Letter dated July 30, 2022.
99.02 Press Release dated August 3, 2022.
104 The cover page from this Current Report on Form 8-K, formatted in
Inline XBRL (included as Exhibit 101).
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