UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| 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). | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY RESOURCES ACQUISITION CORP. | |||
| Date: August 3, 2022 | By: | /s/ Dato’ Maznah Binti Abdul Jalil | |
| Dato’ Maznah Binti Abdul Jalil | |||
| Chief Executive Officer | |||