COEUR D'ALENE, Idaho, March 12 /PRNewswire-FirstCall/ -- As previously disclosed in its Form 8-K filed on February 28, 2008, NightHawk Radiology Holdings, Inc. (Nasdaq: NHWK) announced that Ernest G. Ludy has resigned from his position as a member of the company's Board of Directors for personal reasons. As a result of such departure, and as previously disclosed, the company does not comply with Nasdaq Marketplace Rule 4350(d)(2) -- which requires the company's Audit Committee to be comprised of at least three independent directors. After Mr. Ludy's resignation, the company's audit committee is now comprised of two independent directors.
On March 7, 2008, the Nasdaq Global Market delivered a letter to the company confirming the company's non-compliance with Nasdaq Marketplace Rule 4350(d)(2) and informing the company that it has until August 20, 2008 to regain compliance with this standard.
The company intends to timely comply with Nasdaq's request and to regain compliance as soon as practicable.
About NightHawk
NightHawk Radiology (Nasdaq: NHWK), headquartered in Coeur d'Alene,
Idaho, is leading the transformation of the practice of radiology by
providing high-quality, cost-effective solutions to radiology groups and
hospitals throughout the United States. NightHawk provides the most
complete suite of solutions, including professional services, business
services, and its advanced, proprietary clinical workflow technology, all
designed to increase efficiencies and improve the quality of pat
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