famous dave's of america (DAVE) Key Developments
Famous Dave's of America, Inc. Appoints David J. Mastrocola as Chairman of the Board
Jul 28 14
Famous Dave's of America Inc. announced that its Board of Directors has elected David J. Mastrocola as the Company's Chairman of the Board, effective July 28, 2014. David Mastrocola currently serves as Co-Founder and Advisory Chairman of Pleasant Lake Partners, LLC. He previously served as a partner and Managing Director of Goldman Sachs & Co.
Famous Dave's of America Inc.(NasdaqGS:DAVE) added to Russell 2000 Index
Jul 1 14
Famous Dave's of America Inc. will be added to the Russell 2000 Index.
Famous Dave's of America Inc.(NasdaqGS:DAVE) added to Russell 3000 Index
Jul 1 14
Famous Dave's of America Inc. will be added to the Russell 3000 Index.
Famous Dave's of America Not In Compliance With NASDAQ Listing Rules
Jun 18 14
On May 21, 2014, Lisa A. Kro and Richard L. Monfort resigned as members of the Board of Directors of Famous Dave's of America Inc., and as members of the Company’s audit committee. These resignations were previously disclosed on a Current Report on Form 8-K filed with the SEC on May 23, 2014. NASDAQ Rule 5605(c)(2) requires that a listed company have an audit committee comprised of at least three members, each of whom must satisfy applicable independence criteria. As a result of the resignations referred to above, the Company’s audit committee is currently comprised of only two directors who satisfy the applicable independence criteria. In accordance with NASDAQ rules, the Company alerted NASDAQ of this deficiency on June 12, 2014. By letter, also dated June 12, 2014, the Company received a notice from The NASDAQ OMX Group acknowledging that the Company no longer complies with NASDAQ Listing Rule 5605 and confirming that, in accordance with NASDAQ Listing Rule 5605(c)(4), it will provide the Company with a cure period in order to regain compliance either: until the earlier of the Company’s next annual shareholders’ meeting or May 23, 2015; or if the next annual shareholders’ meeting is held before November 19, 2014, then the Company must evidence compliance no later than November 19, 2014. The NASDAQ notification has no immediate effect on the listing of the Company’s common stock. The Company intends to appoint another director who meets the applicable independence requirements to its audit committee and expects to regain compliance with NASDAQ Rule 5605(c) within the cure period.
Famous Dave's of America, Inc. Announces Resignation of Dean Riesen from Board of Directors
Jun 9 14
Famous Dave's of America Inc. announced the resignation of Dean Riesen from the company's board of directors, effective June 6, 2014. Mr. Riesen had served on the company's board since 2003, and as Chairman since 2011.