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Utah Medical Products is back in Nasdaq compliance
0 Comments | Deseret News (Salt Lake City), Feb 24, 2007
Midvale-based Utah Medical Products Inc. said Friday it has been notified by the Nasdaq staff confirming the company is complying with marketplace rules for continued listing.
Nasdaq notified the company last July that it was out of compliance following the resignation of Dr. Stephen W. Bennett from the company's board of directors.
On Thursday, the company said the board had elected Dr. James H. Beeson to fill the vacancy on its board for Bennett's unexpired term and that Beeson will serve as a member of the audit committee as one of three independent directors on the board.
The company said it expects Nasdaq and other financial reporting agencies to remove the noncompliance indicator that has been attached to its stock symbol since July.
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The company develops, manufactures, assembles and markets specialty medical devices.
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