Callan JMB director Mark Meller resigns, exits audit chair role
CJMB•Director resignation and committee changes
Callan JMB reported board member Mark Meller resigned Aug. 26, effective immediately.
Meller also stepped down as audit committee chair, leaving the governance and compensation committee.
Replacement director to be nominated by holders of a majority of stated value of Series A perpetual convertible preferred stock issued to Reger Oil.
Nomination process tied to closing of the Aug. 19 asset purchase agreement for oil and gas assets.
If the deal fails, remaining directors will fill the vacancy under the company’s bylaws.
