PDF Solutions Gets Word It Can Stay On NASDAQ Global Market
June 10, 2009 (FinancialWire) — PDF Solutions, Inc. (NASDAQ: PDFS), the provider of yield improvement technologies and services for the integrated circuit manufacturing process life cycle, announced that the company received confirmation of compliance with the independent director and audit committee requirements for continued listing on The NASDAQ Global Market.
Pursuant to a letter dated May 14, 2009 from the staff of The NASDAQ Stock Market, the company has regained compliance with Listing Rule 5605(c) (2), which requires the company to have a majority of independent Board members, and Listing Rule 5605(b) (1), which requires the company to have at least three independent members on its Audit and Corporate Governance Committee. This letter followed the information provided by the company to the NASDAQ staff regarding the Board’s recent evaluation and determination that Lucio Lanza is an “Independent director” under NASDAQ Marketplace Rules.
With the Board’s determination, and Lanza’s re-appointment to the company’s Audit and Corporate Governance Committees, NASDAQ has confirmed that the company is once again in compliance with the corporate governance continued listing standards of The NASDAQ Global Market.
PDF Solutions, Inc. is the provider of yield improvement technologies and services for the IC manufacturing process life cycle.
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