ArrowMark Financial receives Nasdaq non-compliance notice due to Audit Committee composition after director death

ArrowMark Financial Corp.

Michael Stolper, independent director and Audit Committee member, died March 21, 2025.
Company now has only two independent directors on Audit Committee, violating Nasdaq Listing Rule 5605(c) requiring three.
Nasdaq granted cure period until earlier of next annual meeting or March 21, 2026, or if annual meeting before Sep 17, 2025, comply by Sep 17, 2025.
Nominating Committee actively seeking a qualified independent director to fill vacancy.
Company expects to appoint suitable candidate before the September 17, 2025 deadline.

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