other_material
confidence high
sentiment neutral
materiality 0.60
KALA Bio dismisses Deloitte, appoints HTL as auditor; 6 directors offer conditional resignations
KALA BIO, Inc.
- Audit committee approved HTL International as independent auditor for FY 2025, replacing Deloitte & Touche.
- Six directors tendered conditional resignations effective after 2025 annual meeting if proposals pass.
- Resignations depend on shareholder approval of preferred stock conversion and authorized share increase.
- David Lazar will remain Class II director regardless of outcome.
- No disagreements with company cited for any of the director resignations.