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Aether Holdings, Inc. (NASDAQ:ATHR) announced the removal of David Mandel from its board of directors, effective immediately, according to a statement released Monday. The decision was made through a written consent in lieu of a stockholder meeting dated Friday.
The written consent was executed in accordance with Section 228 of the Delaware General Corporation Law and the company’s amended bylaws. Elixir Technology Inc., controlled by board member Jaclyn Mang Hei Wu, and Up and Up Ventures Limited, controlled by chairman and CEO Nicolas Kuan Liang Lin, together holding a majority of Aether Holdings’ outstanding common stock, authorized the removal of Mandel pursuant to Section 141(k) of Delaware law.
No further details regarding the reasons for Mandel’s removal or plans for board succession were disclosed in the company’s filing with the Securities and Exchange Commission.
Aether Holdings , Inc. is incorporated in Delaware and its common stock is traded on The Nasdaq Stock Market LLC under the ticker ATHR. The information is based on a press release statement filed with the SEC.
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