Cerus Corp 8-K, filed Jan 29, 2021
Cerus Corp (CERS)
About this 8-K
Cerus Corp filed this 8-K on January 29, 2021, reporting on events of January 25, 2021.
Items reported
- Item 3.01: Delisting notice or listing transfer
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| Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
(b) On January 25, 2021, Cerus Corporation (the “Company”) notified The Nasdaq Stock Market LLC (“Nasdaq”) via letter of the Company’s non-compliance with Nasdaq’s audit committee composition requirements set forth in Nasdaq Listing Rule 5605(c)(2)(A), which requires, among other things, an audit committee to consist of at least three members, each of whom is independent. The non-compliance was a result of Eric H. Bjerkholt, a member of the Audit Committee (the “Audit Committee”) of the Board of Directors of the Company (the “Board”), no longer qualifying as independent pursuant to Nasdaq Listing Rule 5605(a)(2).
In order to address this matter, the Board removed Mr. Bjerkholt as a member of the Audit Committee, and appointed Jami Nachtsheim, an independent member of the Board, to serve as a member of the Audit Committee and Frank Witney, an existing member of the Audit Committee, to serve as the Chairperson of the Audit Committee. Following such actions, the Company believes that it has regained compliance with the audit committee composition requirements set forth in Nasdaq Listing Rule 5605(c)(2)(A).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CERUS CORPORATION | ||||||
| Dated: January 29, 2021 | By: | /s/ Chrystal Menard | ||||
| Chrystal Menard | ||||||
| Chief Legal Officer and General Counsel | ||||||