SOHU.COM INC. (NASDAQ:SOHU) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As a result of Dr. Edward B. Roberts’s resignation from the registrant’s Board of Directors effective January 31, 2017 as reported herein, the compensation committee (the “Compensation Committee”) of the registrant’s Board of Directors will have only one member, and the registrant will no longer comply with Nasdaq Listing Rule 5605(d)(2), which requires companies with securities listed on Nasdaq to have a compensation committee composed of at least two directors.
The registrant will rely on the cure period provided by Nasdaq Listing Rule 5605(d)(4), which will permit the vacancy caused by Mr. Roberts’s resignation from the Compensation Committee to continue until July 30, 2017. The registrant expects to fill the vacancy before the expiration of the cure period.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Dr. Edward B. Roberts has submitted his resignation as a member of the Board of Directors of the registrant, effective January 31, 2017. Dr. Roberts’s resignation did not result from any disagreement with the registrant on any matter relating to the registrant’s operations, policies, or practices.
Dr. Roberts has agreed to provide consulting services to the registrant from time to time through January 31, 2019.
About SOHU.COM INC. (NASDAQ:SOHU)
Sohu.com Inc. (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment. Sogou is an online search, client software and mobile Internet product provider in China. Changyou is an online game developer and operator in China as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional (TLBB 3D), and engages primarily in the development, operation and licensing of online games for PCs and mobile devices. The Sohu segment’s main business is the brand advertising business, which offers to users, over its matrices of Chinese language online media, various content, products and services across multiple Internet-enabled devices. SOHU.COM INC. (NASDAQ:SOHU) Recent Trading Information
SOHU.COM INC. (NASDAQ:SOHU) closed its last trading session up +1.81 at 41.75 with 418,136 shares trading hands.