Market Overview

Elephant Talk Communications Receives Non-Compliance Notice from NYSE MKT

Elephant Talk Communications (NYSE MKT: ETAK) announced today it has received a non-compliance notice from the NYSE MKT. The Company received the notice in connection with the resignation of Charles Levine from the Company's Board of Directors (the "Board") on December 18, 2013 and non-reelection of Phil Hickman to the Board at the Company's Annual Meeting of Stockholders on December 18, 2013. As a result, a majority of the directors on the Board are not independent as required under Section 802(a) of the NYSE MKT Company Guide and the Company's Audit Committee is no longer comprised of three independent members as required under Section 803(B)(2)(a) of the NYSE MKT Company Guide.

See full press release

Posted-In: News Guidance Management Global


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