Derma Sciences, Inc. CEO Quilty's Resignation from Board Appeases Nasdaq
Published: Jul 06, 2012
Derma Sciences president & CEO Edward Quilty resigns from the company's board of directors after Nasdaq's listing qualifications officers noted that his membership was in violation of listing rules. Derma Sciences (NSDQ:DSCI) president & CEO Edward Quilty resigned from the company's board of directors, settling a non-compliance issue that could have led to delisting from the Nasdaq stock exchange. Nasdaq requires that all members of a listed company's board of directors be independent directors. Quilty was "inadvertently appointed to the nominating and corporate governance committee of the company's board of directors this past year and, on May 17, 2012, resigned from the Nominating Committee, effective immediately," according to an SEC filing.