Ceradyne, Inc. Receives Nasdaq Staff Determination Letter; Company Now Complies with Nasdaq Rules.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif. -- Ceradyne, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) reported that it received a letter from the staff of Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , Inc. indicating that the Company had failed to timely certify to Nasdaq that it is in compliance with the new Audit Committee composition, Audit Committee charter, Nominating Committee A nominating committee is a group formed usually from inside the membership of an organization for the purpose of nominating candidates for office within the organization. It works similarly to an electoral college, the main difference being that the available candidates, either charter, Executive Sessions and Code of Conduct requirements for continued listing set forth in Nasdaq Marketplace Rules 4350(d)(2)(A), 4350(d)(1), 4350(c)(4)(B), 4350(c)(2), and 4350(n). On November 5, 2004, the Company submitted the required Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Certification Form to Nasdaq, in which the Company certified that it is in compliance with all of the foregoing Marketplace Rules. The Nasdaq staff notified the Company on November 5, 2004, that the Company is now in compliance with all of the foregoing Marketplace Rules, and the matter is now closed. Ceradyne develops, manufactures, and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications. Additional information about the Company can be found at www.ceradyne.com. |
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