Beasley Broadcast Group Audit Committee falls below Nasdaq minimum after director death
Beasley Broadcast Group disclosed that board member Peter A. Bordes, Jr. died on September 19, 2026, leaving its Audit Committee with two members and below Nasdaq's three-member requirement. The company said it notified Nasdaq and intends to use a cure period, which ends at the earlier of its next annual stockholder meeting or September 19, 2027, and plans to appoint an independent director to the committee.
- Director Peter A. Bordes, Jr. died on September 19, 2026; he served on the Audit and Compensation Committees.
- Audit Committee now has two members, below the three required by Nasdaq Rule 5605(c)(2)(A).
- Company notified Nasdaq after receiving notice on September 23, 2026 and intends to rely on the cure period.
- Cure period expires at the earlier of the next annual meeting or September 19, 2027.