Datalink Announces Receipt of Nasdaq Letter Determining that the Company Has Regained Compliance.MINNEAPOLIS -- Datalink Corporation Datalink Corporation (NASDAQ: DTLK) is an American data storage corporation with operations throughout the United States. The company engages in the design, installation, and support of data storage infrastructures that store, protect, and provide continuous access to (Nasdaq:DTLK), a leading independent information storage architect, announced today that it has received a letter from the 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. determining that the company has regained compliance with NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). rules requiring it to have a majority of independent directors. The company had received a letter of non-compliance on March 13, 2006 as result of the company's notification to the Nasdaq that Gregory T. Barnum, an independent director of the company, resigned his directorship in connection with being named as the company's vice president of finance and CFO See Chief Financial Officer. on March 8, 2006. As a result of his resignation, the company's board no longer had a majority of independent directors as required by NASD Marketplace Rule 4350(c)(1). Effective April 3, 2006, Brent G. Blackey, an independent director, was elected to Datalink's board of directors to fill a newly created vacancy created by the resignation of Mr. Barnum. Upon Mr. Blackey's election, the company's board now consists of a majority of independent directors as defined by NASD Marketplace Rule 4200. Datalink Corporation is an information storage architect. The company analyzes, designs, implements, and supports information storage infrastructures that store, protect and provide continuous access to information. Datalink's specialized capabilities and solutions span storage area networks, network-attached storage See NAS. , direct-attached storage Direct-attached storage (DAS) refers to a digital storage system directly attached to a server or workstation, without a storage network in between. It is a retronym, mainly used to differentiate non-networked storage from SAN and NAS. , and IP-based storage, using industry-leading hardware, software and technical services. |
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