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NHT Notified of Non-Compliance with Nasdaq Rules

NHT received a letter from The Nasdaq Stock Market stating that it is not in compliance with independent director, audit committee and compensation committee requirements for continued listing on The Nasdaq Stock Market.

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By: Jamie Matusow

Editor-in-Chief

Natural Health Trends Corp.  (NHT) announced that, on Nov. 13, the company received a letter from The Nasdaq Stock Market stating that it is not in compliance with independent director, audit committee and compensation committee requirements for continued listing on The Nasdaq Stock Market under Marketplace Rules 4350(c)(1), 4350(d)(2) and 4350(c)(3), respectively.

As previously disclosed, Anthony B. Martino resigned from the company’s board of directors on Oct. 19. Mr. Martino was the chairman of the audit committee and a member of the compensation committee. The Nasdaq Letter provides the company with a cure period in order to regain compliance. According to NHT, it intends to regain compliance within this cure period.

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