Beasley Broadcast falls out of Nasdaq audit committee compliance after director death
BBGI•Beasley Broadcast fell out of compliance with Nasdaq audit committee requirements after a member died on Sept. 19, 2026. The committee has two independent directors, and the company plans to appoint another by the earlier of its next annual meeting or Sept. 19, 2027.
1. Compliance shortfall
Beasley Broadcast said it fell out of compliance with Nasdaq Rule 5605(c)(2)(A) after an audit committee member died on Sept. 19, 2026. The committee now has two independent directors, below the required minimum of three.
2. Cure period
The company notified Nasdaq on Sept. 23, 2026, and plans to use the cure period to regain compliance by appointing an independent director. The deadline is the earlier of the next annual meeting or Sept. 19, 2027.
