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Professional Diversity Network, Inc. (NASDAQ:IPDN), a company specializing in computer programming and data processing services currently trading at $1.61 per share, announced today the resignation of Megan Bozzuto as the interim Chief Financial Officer (CFO) effective June 6, 2025. The company, which maintains impressive gross profit margins of 58%, has faced challenging market conditions, with InvestingPro data showing a significant stock price decline of over 70% in the past year. According to the company’s Form 8-K filed with the SEC, Bozzuto’s departure is not due to any disagreement with the company. She will continue her association with the company by serving as the president of the International Association of Women (IAW), a subsidiary of Professional Diversity Network.
Following Bozzuto’s resignation, the board of directors appointed Lisa Fan as the new interim CFO on Monday. Fan’s appointment comes with an annual salary of $60,000, which is set to increase to $72,000 after the interim period. Additionally, she has been granted stock awards valued at $20,000 annually. This leadership change comes at a crucial time, as InvestingPro analysis suggests the stock is currently trading below its Fair Value, presenting potential opportunities for investors. (Discover 12 more exclusive insights with InvestingPro.)
Lisa Fan brings over 15 years of experience in corporate finance, internal auditing, and IPO readiness. Before joining Professional Diversity Network, she worked at Baizan Consulting in Shanghai as a financial consultant and audit specialist since May 2022. Her previous experience includes serving as the Director of Internal Audit at Souche Group from July 2019 to April 2022, where she was responsible for building internal control systems and managing financial operations for dual listings in the U.S. and Hong Kong. Fan holds a Bachelor’s degree in Accounting from the Zhejiang Institute of Finance and Economics and is a Certified Public Accountant in China.
The company’s filing also confirmed that there is no familial relationship between Fan and any other officers or directors of the company, and she has not engaged in any transactions with the company in the last fiscal year other than the CFO Employment Agreement.
This leadership transition comes as the company continues to navigate the competitive services sector in computer programming and data processing. The information regarding these executive changes is based on the company’s latest SEC filing.
In other recent news, Professional Diversity Network, Inc. has made notable changes to its Board of Directors. The company announced the resignations of directors Michael D. Belsky and Chris Renn, with Eloisa Sultan and Long Yi appointed as their replacements. Sultan brings experience from the medical field, while Yi is noted for his financial expertise. These appointments are part of a strategic move to enhance governance and oversight. Additionally, Professional Diversity Network has regained compliance with Nasdaq’s minimum bid price requirement, resolving a previous non-compliance issue. The company had faced potential delisting but successfully appealed to the Nasdaq hearings panel, which granted additional time to meet the requirement. As of April 8, 2025, the company met the necessary conditions, ensuring its continued listing on the Nasdaq Stock Market. This development, along with the board reshuffle, reflects significant recent changes for the company.
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