Advertisement
News
Advertisement

Mediacom receives letter from Nasdaq

Mon, 03/09/2009 - 8:30am
Mike Robuck

Mediacom Communications, the nation’s eighth-largest cable operator, announced on Friday that it had received a letter from the Nasdaq Stock Market on March 2 that said it doesn’t have the required number of independent members on its audit committee.

Because Craig S. Mitchell resigned on Feb. 13, Mediacom currently has only two independent members on its audit committee instead of the required three.

Mediacom has until at least Aug. 12 to add a third independent member to the committee.

Mitchell resigned from the company's board under terms of a recently completed acquisition by Mediacom of its shares owned by an affiliate of Morris Communications.

“Craig Mitchell was an outstanding member of the audit committee, and we appreciate his contributions over the years,” said Mediacom CFO Mark Stephan. “We intend to use the time allowed by the Nasdaq’s rule to find the right person to fill the vacancy.”

More Broadband Direct 03/09/09:

•  Zodiac, ActiveVideo hook up on Web-based tru2way
•  Bright House serves up free VOD network programming
•  LRG: Top cable ops landed 3.2M broadband subs in 2008
•  Mediacom receives letter from Nasdaq
•  Juniper adds application gateways
•  Ruckus targets commercial WLAN market
•  Vendors lead Voice over LTE Forum
•  Qwest CEO compensation is $11.4M in 2008
•  After 60 years, Circuit City powers down
•  Broadband Briefs for 03/09/09

 

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading