Akoustis Technologies, Inc. (NASDAQ:AKTS), a manufacturer specializing in telephone and telegraph apparatus, announced the immediate departure of Steven P. DenBaars from its Board of Directors. The resignation, effective as of Monday (NASDAQ:MNDY), was reported in a recent 8-K filing with the Securities and Exchange Commission (SEC).
Mr. DenBaars' decision to step down from the board did not result from any disagreements with the company's operations, policies, or practices, as per the filing. The company did not disclose any further details regarding the resignation or any plans for a replacement board member.
Akoustis Technologies, headquartered in Huntersville, NC, is known for its work in the telecommunications sector. The company's common stock is traded on the Nasdaq Capital Market under the ticker symbol AKTS.
This corporate update follows the standard regulatory process, where companies must inform shareholders and the public of significant management changes. The SEC filing ensures transparency and provides investors with essential information that may influence their investment decisions.
The news of Mr. DenBaars' departure comes without any additional context regarding the company's future direction or any potential impact on its governance or strategic planning. Akoustis Technologies has not made any additional statements on the matter beyond the factual reporting in the SEC filing.
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