PROFESSIONAL DIVERSITY NETWORK, INC. (NASDAQ:IPDN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 18, 2019, Star Jones (“Ms. Jones”), the President and a member of the Board of Directors (the “Board”) of Professional Diversity Network, Inc. (the “Company”) tendered her resignation as a director of the Company effective immediately. Ms. Jones stated that her resignation from the Board was due to her disagreement over certain actions taken by the Board subsequent to the resignation of Maoji (Michael) Wang, the former CEO and Chairman of the Company. Ms. Jones intends to continue to serve as the President of the Company until December 31, 2019. Ms. Jones’ letter of resignation is attached as an exhibit to this report.
Ms. Jones has served as a director of the Company since September 2014. Other than as described above and in her letter of resignation, Ms. Jones did not indicate that her decision to resign from the Board was due to any other disagreement with the Company (as described in Item 5.02(a) of Form 8-K).
Item 9.01. Financial Statements and Exhibits
99.1 Resignation Letter, dated November 18, 2019.
Professional Diversity Network, Inc. Exhibit
EX-99.1 2 ex99-1.htm November 18,…
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About PROFESSIONAL DIVERSITY NETWORK, INC. (NASDAQ:IPDN)
Professional Diversity Network, Inc. is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service. The Noble Voice call centers qualify callers for real-time job placement. The PDN Network consists of various online professional networking communities dedicated to serving diverse professionals in the United States and employers seeking to hire diverse talent.