Patriot National, Inc. (NASDAQ:PN) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01.
On November 14, 2016, Patriot National, Inc. (the “Company”) notified the New York Stock Exchange (the “NYSE”) that it was not in compliance with Section 303A.01 (the requirement to have a majority of independent directors on the board) and Section 303A.07(a) (the requirement to have a minimum of three audit committee members) of the NYSE Listed Company Manual as a result of the previously reported resignation of Michael Corey from the Company’s Board of Directors. On November 15, 2016, the Company received official notice from the NYSE that it was deficient in meeting these requirements. The Company is currently searching for an additional independent director to fill the vacancy on the Board of Directors and to serve on the audit committee as soon as practicable.
About Patriot National, Inc. (NASDAQ:PN)