regulatory
confidence high
sentiment neutral
materiality 0.45
Wayside Technology loses board member Ross Crane; non-compliant with Nasdaq audit committee rule
Climb Global Solutions, Inc.
- Director Ross Crane passed away July 23, 2022; board reduced to 6 members.
- Audit Committee now has 2 members, violating Nasdaq Listing Rule 5605(c)(2).
- Company notified Nasdaq on July 28, 2022; cure period until next annual meeting or July 23, 2023.
- Company intends to take actions to regain compliance before cure deadline.