iCoreConnect faces Nasdaq delisting due to board independence gaps; appoints Yvonne Hyland to board
iCoreConnect Inc.
Nasdaq notified iCoreConnect on Aug 7, 2024, that after director Harry Travis resigned June 30, board lacks majority independent directors and audit committee has fewer than three independent members.
Company must submit a compliance plan within 45 days; if accepted, Nasdaq may grant up to 180-day extension from Aug 7, 2024.
Yvonne Hyland appointed to board and to Audit, Compensation, and Nominating and Governance committees effective Aug 7, 2024.
Hyland will receive standard non-employee director compensation; specific terms not disclosed.
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