Youngevity International (NASDAQ: YGYI), a multi-channel
lifestyle company operating in three distinct business segments, including a
commercial coffee enterprise and its newly acquired commercial hemp enterprise,
today announced the reshaping of its Board of Directors. According to the
update, effective February 11, 2020, in order to maintain compliance with The
Nasdaq Capital Market’s corporate governance requirements and, specifically,
Listing Rule 5605(b) which provides that a listed company’s board of directors
shall be comprised of a majority of independent directors, Michelle Wallach and
Richard Renton, two non-independent members of the Board of Directors of YGYI
resigned as members of the Board of Directors of the company. Youngevity
International CEO Steve Wallach will continue as a board member and will remain
the Chairman of the Board and Youngevity President and CFO Dave Briskie will
also remain on the Board of Directors. “Compliance with Nasdaq Corporate
Governance requirements remains of utmost importance to our company and this
will continue as a high priority for the company,” Youngevity CEO Steve Wallach
said in the news release.
To view the full press release, visit http://ibn.fm/ZgXDq
About Youngevity International
Youngevity International, Inc. (NASDAQ: YGYI), is an
multi-channel lifestyle company operating in 3 distinct business segments
including a commercial coffee enterprise, a commercial hemp enterprise, and a
multi-vertical omni direct selling enterprise. The Company features a
multi country selling network and has assembled a virtual Main Street of
products and services under one corporate entity, YGYI offers products from the
six top selling retail categories: health/nutrition, home/family, food/beverage
(including coffee), spa/beauty, apparel/jewelry, as well as innovative
services. For investor information, please visit www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates
relating to YGYI are available in the company’s newsroom at http://ibn.fm/YGYI
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