voltari corp (VLTC) Key Developments
Voltari Corporation Appoints Bill Lawrence as Vice President, Engineering
Jun 18 14
Voltari Corporation announced the hiring of Bill Lawrence as Vice President, Engineering. Lawrence joined Voltari's senior team in May 2014 and will lead the Arizona office, the center of the company's data science and ad tech development. Reporting directly to CTO Dr. David Castillo, Lawrence is expected to play a key role in implementing Voltari's progressive strategy and product roadmap. Lawrence also brings his experience with larger scale projects, such as the development and deployment of complex routing algorithms across satellite communication networks, background that will enhance Voltari's already rich product-development resources.
Voltari Corporation Receives Non-Compliance Notice From NASDAQ
May 29 14
On May 22, 2014, Voltari Corporation received a letter from the NASDAQ Stock Market LLC (NASDAQ) advising that, based on the company’s Quarterly Report on Form 10-Q for the period ended March 31, 2014, the company does not meet the minimum $2.5 million stockholders’ equity value requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Marketplace Rule 5550(b)(1). The letter also stated that, as of May 21, 2014, the company did not satisfy the alternative requirements for continued listing based on market value of listed securities or net income from continuing operations pursuant NASDAQ Marketplace Rules 5550(b)(2) and 5550(b)(3), respectively. NASDAQ stated in its letter that, in accordance with the NASDAQ Listing Rules, the company will have 45 calendar days to submit a plan to regain compliance. If the plan is accepted, NASDAQ may grant an extension of up to 180 days from the company’s receipt of NASDAQ’s letter on May 22, 2014 to evidence compliance with the stockholders’ equity value, market value of listed securities or net income from continuing operations requirements. The company is reviewing the letter and considering an appropriate response.
Voltari Corporation, Annual General Meeting, Aug 11, 2014
May 27 14
Voltari Corporation, Annual General Meeting, Aug 11, 2014., at 14:00 US Eastern Standard Time. Location: offices of Brown Rudnick LLP. Agenda: To consider and act upon the election of five directors to serve until the 2015 annual meeting of stockholders, or until their respective successors are duly elected and qualified; to consider and act upon a non-binding advisory vote to approve the compensation of the company's named executive officers; to ratify the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2014; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
Voltari Corporation Announces Management Changes
Dec 27 13
On December 20, 2013, Richard Stalzer resigned from his position as Chief Executive Officer of Voltari Corporation and from all other positions held at the Company, effective December 18, 2013. Effective December 20, 2013, the Board of Directors of the Company appointed Richard Sadowsky to the position of Acting Chief Executive Officer. In connection with this appointment, Mr. Sadowsky will relinquish his titles of Chief Administrative Officer and General Counsel.
Voltari Corporation Launches Voltari Pathways to Attribute Foot Traffic to Mobile Advertising
Oct 29 13
Voltari Corporation announced the launch of Voltari Pathways(TM), a new product feature that allows advertisers to track store visits resulting from mobile impressions. This new feature reduces the guesswork that has long existed for multi-channel marketers. Voltari Pathways(TM) is the latest enhancement to Voltari Connect--a platform that already allows advertisers to target consumers who have taken action beyond the initial click on a banner ad. Now marketers can use Voltari Connect to track, understand, and optimize actions toward their ultimate objective--foot traffic. Optimization based on intent to purchase, and attribution of store visits, are capabilities especially appealing to retail, auto, entertainment and QSR brands.