Artesian Resources receives Nasdaq notice for board independence non-compliance

ARTESIAN RESOURCES CORP

Nasdaq notified company on May 30, 2025 of non-compliance with Majority Independent Board and Audit Committee Composition rules.
Non-compliance triggered by director resignation effective May 6, 2025.
Cure period ends earlier of next annual meeting or May 6, 2026 (or Nov 3, 2025 if annual meeting before that date).
Governance committee is searching for a qualified independent director to fill vacancy on Board and Audit Committee.
No assurance that compliance will be regained within the cure period.

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