MoSys, Inc. (NASDAQ:MOSY) Files An 8-K Other EventsItem 8.01Other Events
Director Resignation
Effective as of February 28, 2017, Chi-Ping Hsu resigned from his position as a member of the board of directors of MoSys, Inc. (the “Company”) and from all committees of the Company’s board of directors citing personal reasons. As a result of Mr. Hsu’s departure, the Compensation Committee of the Company’s board of directors has a vacancy, which the Company will endeavor to fill by its 2017 annual meeting.
Nasdaq Compliance
On March 2, 2017, the Company received a letter from The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the Nasdaq Capital Market’s minimum bid price continued listing requirement. The letter noted that, as of March 2, 2017, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days. Accordingly, the Company has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed.
About MoSys, Inc. (NASDAQ:MOSY)
MoSys, Inc. (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names. Bandwidth Engine ICs integrate its 1T-SRAM high-density embedded memory with its integrated macro function technology and a serial interface protocol resulting in a monolithic memory IC solution optimized for transaction performance. The LineSpeed IC product line consists of non-memory, high-speed serialization-deserialization (SerDes), input/output (I/O) physical layer (PHY) devices with clock data recovery, gearbox and retimer functionality, which convert lanes of data received on line cards or by optical modules into various configurations and/or ensure signal integrity. MoSys, Inc. (NASDAQ:MOSY) Recent Trading Information
MoSys, Inc. (NASDAQ:MOSY) closed its last trading session up +0.88 at 3.03 with 104,077 shares trading hands.