Fortress Capital Acquisition Corp. Announces Resignation of Gary Kalk from Board of Directors and Audit Committee of the Board
December 16, 2022 at 05:03 pm EST
On December 12, 2022, Gary Kalk notified Fortress Capital Acquisition Corp. of his decision to resign from the Companyâs Board of Directors, including the audit committee of the Board, effective immediately. Following the resignation of Mr. Kalk from the Board, the Audit Committee was reduced to two members. Due to the reduced number of Audit Committee members, the Company is no longer compliant with Section 303A.07(a) of the New York Stock Exchange Listed Company Manual, which requires that the audit committee of a
NYSE-listed company consist of at least three independent directors.