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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.