October 8, 2009 (FinancialWire) — Chyron Corp. (NASDAQ: CHYR) announced that, effective October 1, 2009, Richard Parker Greenthal resigned as a director of the Corp. to pursue other interests.

Greenthal and the company note that Greenthal is not resigning because of any disagreement with the company on any matter relating to the company’s operations, policies or practices. At the time of his resignation, Greenthal served as a member of the Audit and the Corporate Governance and Nominating Committees of the board of directors of the company. The company thanks Greenthal for his service as a member of the board.

With Greenthal’s resignation, the Corp. no longer complies with the NASDAQ’s requirement of three independent audit committee Members pursuant to Listing Rule 5605. On October 6, 2009, the Corp. notified NASDAQ of its non-compliance with Listing Rule 5605; and on October 6, 2009, the NASDAQ sent a letter to the Corp. notifying it that it was no longer in compliance with Listing Rule 5605 with respect to the requirement of three independent directors on such Committee due to the resignation of Greenthal.

Pursuant to NASDAQ Listing Rule 5605(c) (4) (A), the Corp. has a cure period for this deficiency until the earlier of (i) its next Annual Shareholders Meeting and  October 1, 2010. The Corp.’s next Annual Shareholders Meeting is tentatively scheduled for May 12, 2010. The Corp. intends to be in compliance with the three independent director requirement for the audit committee prior to such date.

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