Avid Bioservices Inc (CDMO)

[exwannabe]

"INDEPENDENT director" is a formal term defined by NASDAQ (in this case) and can not be applied to a candidate.

But if elected, the definition is here:

Nasdaq rule

A director would be not INDEPENDENT if:

A) Employee
B) Received over $100K/year (other than director compensation)
C) Family member was an exec
D) At a company doing more than 5% of PPHM's business
E) Cross directorship wrt compensation committee
F) Audit firm tie in
G) [Only applicable to investment firms]

NONE of these have anything to do with being INDEPENDENT of some shareholder.