UNITED STATES
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FORM
CURRENT REPORT
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Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On August 17, 2020, Quanterix Corporation (the “Company”) notified Nasdaq that as a result of John Connolly’s resignation from the Company’s Board of Directors (the “Board”) and all committees of the Board including the Audit Committee, effective August 14, 2020 (as described below in Item 5.02 of this Current Report on Form 8-K), the Company was no longer in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires the Company’s Audit Committee to be composed of at least three independent directors.
Pursuant to Nasdaq Listing Rule 5605(c)(4)(B), the Company is entitled to a cure period to regain compliance with Listing Rule 5605(c)(2)(A), which cure period will expire upon the earlier of the Company’s next annual stockholders’ meeting or August 14, 2021; provided, however, that if the next annual stockholders meeting is held on or before February 10, 2021, then the Company must comply no later than February 10, 2021.
The Company expects to be compliant with the Audit Committee composition requirements of Nasdaq Listing Rule 5605(c)(2)(A) by or before the end of the cure period.
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On August 14, 2020, the Company received notice from John Connolly that he was resigning as a member of the Board and all committees thereof effective immediately. His resignation was not because of any disagreement with the Company on matters relating to its operations, policies or practices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
QUANTERIX CORPORATION | ||
By: | /s/ Amol Chaubal | |
Amol Chaubal | ||
Chief Financial Officer | ||
Date: August 17, 2020