premier exhibitions inc (PRXI) Key Developments
Premier Exhibitions Inc. Announces Resignation of Samuel S. Weiser as Executive Chairman and Member of the Board of Directors
Apr 8 15
On April 2, 2015, Premier Exhibitions Inc. entered into a Consulting Agreement (the Consulting Agreement) with Mr. Samuel S. Weiser, the Executive Chairman of the Board. Pursuant to the Consulting Agreement, Mr. Weiser resigned as Executive Chairman and as a member of the company's Board of Directors, effective as of the date of the Consulting Agreement, and agreed to make himself available to provide consulting advice, information regarding historical company transactions, and transition services as and when reasonably requested by the company through September 30, 2015.
Premier Exhibitions Inc., Dinosaurs Unearthed Corporation - M&A Call
Apr 3 15
To discuss merger agreement with Dinoking Tech Inc
Premier Exhibitions, Inc. to Appoint Daoping Bao as Executive Chairman, President and Chief Executive Officer
Apr 2 15
Premier Exhibitions Inc. announced that it has entered into a definitive merger agreement with Dinoking Tech Inc. Up on closing of the transaction, Daoping Bao will become the Executive Chairman, President and Chief Executive Officer of Premier, while DK will become an indirect wholly-owned subsidiary. The transaction, subject to Premier shareholder approval, is expected to be completed in August 2015.
Premier Exhibitions, Inc. Receives Non-Compliance Notice From NASDAQ
Mar 31 15
As previously announced, on March 16, 2015, Jack H. Jacobs notified Premier Exhibitions, Inc. of his resignation from the Board of Directors of the company, effective immediately. On March 25, 2015, the company received a letter from the NASDAQ indicating that due to Mr. Jacobs’ resignation, the company no longer complies with the NASDAQ’s audit committee requirements as set forth in Listing Rule 5605. Consistent with Listing Rule 5605(c)(4), the NASDAQ will provide the company a cure period in order to regain compliance as follows: (a) until the earlier of the company’s next annual shareholders’ meeting or March 16, 2016; or (b) if the next annual shareholders’ meeting is held within six months of Mr. Jacobs’ resignation date, then the company will be required to evidence compliance no later than September 14, 2015. The company expects to add an additional director to the Board in the near term in order to have the Audit Committee composed of three independent directors.
Premier Exhibitions, Inc. Announces Resignation of Jack H. Jacobs from the Board of Directors
Mar 20 15
On March 16, 2015, Jack H. Jacobs notified Premier Exhibitions Inc. of his resignation from the board of directors of the company, effective immediately. Mr. Jacobs has not stated to the company that his resignation was due to any disagreement with the company. Following Mr. Jacobs' resignation, the company's Audit Committee currently consists of only two members, Douglas Banker and Rick Kraniak.