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DMD > SEC Filings for DMD > Form 8-K on 3-Mar-2014All Recent SEC Filings

Show all filings for DEMAND MEDIA INC.



Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As disclosed in a Current Report on Form 8-K filed by Demand Media, Inc. (the "Company") on January 28, 2014, Robert Bennett resigned as a member of the Company's Board of Directors (the "Board") and the Audit Committee of the Board (the "Audit Committee"), effective as of the close of business on February 28, 2014. Following the effective date of Mr. Bennett's resignation, the Company's Audit Committee currently is comprised of two independent directors, and the Company is not in compliance with Section 303A.07(a) of the New York Stock Exchange ("NYSE") Listed Company Manual, which requires that audit committees have a minimum of three members. The Company notified the NYSE of its noncompliance with this listing standard on March 3, 2014. The Company's Board has commenced a search for a replacement to Mr. Bennett to serve on the Audit Committee, and the Company intends to regain compliance with the requirements of
Section 303A.07(a) of the NYSE Listed Company Manual as soon as practicable.

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