Friday, May 06, 2016 5:16:45 PM
Effective May 3, 2016, Dmitry Genkin resigned from of our board of directors. There was no known disagreement with Dr. Genkin on any matter relating to the Company’s operations, policies or practices. With Dr. Genkin’s resignation, the Company believes its board now consists of a majority of independent directors, which would be a requirement to list with the NASDAQ. This alteration of board structure was one of the actions required as part of the Company’s current NASDAQ application. Dr. Genkin will remain an observer on the Company’s board as well as maintain a scientific consulting role.
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