Viveve Medical Inc. said its director Lori Bush did not stand for re-election at the company's annual general meeting on May 22 after her term as a board member expired.
As a result, the Nasdaq Stock Market issued the company a non-compliance notice for failing to maintain a majority-independent board.
The Englewood, Colo.-based medical device maker said it is actively looking to fill the vacancy with an independent director and plans to regain compliance before May 22, 2019, or its next annual shareholders' meeting.
