In a recent development at Red Violet (NASDAQ: RDVT), the company announced the resignation of Robert Swayman from its Board of Directors and its committees. The resignation was effective Tuesday, April 23, 2024. Mr. Swayman, who has been part of the Board, stepped down to focus on other business commitments. This departure has led to the Board's decision to reduce the number of directors from six to five.
The company stated that Mr. Swayman's resignation is not the result of any disagreements with the company's operations, policies, or practices. Red Violet emphasized that there were no conflicts concerning the company's financial statements, internal controls, or auditors that prompted the change.
Concurrently with Mr. Swayman’s resignation, the Board has appointed Lisa Stanton to serve on the Board’s Audit Committee, Compensation Committee, and Corporate Governance and Nominating Committee. Ms. Stanton, who is an independent member of the Board, will be taking over the responsibilities previously held by Mr. Swayman.
This reshuffling of board responsibilities and the decrease in the number of directors is a notable change in Red Violet's corporate governance structure. The company has not indicated any further changes or appointments at this time. The information reported here is based on a press release statement from Red Violet filed with the SEC.
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