Texas Roadhouse earnings missed by $0.05, revenue topped estimates
Yunhong Green CTI Ltd. (NASDAQ:YHGJ), a small-cap company with a market value of $20 million and annual revenue of $18 million, announced changes to its board and executive team this week, according to a statement filed with the Securities and Exchange Commission. The company’s stock has shown significant volatility, with InvestingPro data indicating a 28% surge over the past six months despite current profitability challenges.
On Tuesday, the company’s board of directors appointed Darlene Chiu Bryant as an independent director. She will serve in this role until the election of directors at the company’s 2025 annual meeting of shareholders. The appointment fills the vacancy created by the previously announced retirement of Douglas Bosley from the board.
Also on Tuesday, Sree Kommana, the company’s corporate controller, was appointed as principal financial officer for the purpose of financial statement filings and related disclosures.
In addition, on July 4, the company entered into a consulting agreement with an independent third-party firm. The agreement is intended to help Yunhong Green CTI assess and develop strategic alternatives, including exploring new revenue sources, cost reductions, merger and acquisition options, and other potential means of shareholder value creation.
Yunhong Green CTI Ltd. is incorporated in Illinois and its common stock is listed on The Nasdaq Stock Market LLC under the ticker YHGJ. The information in this article is based on a press release statement filed with the SEC.
In other recent news, Yunhong Green CTI Ltd. disclosed the resignation of Douglas Bosley from its Board of Directors, as reported in a filing with the Securities and Exchange Commission. The resignation was accepted by the board and documented in the company’s Form 8-K, without a stated reason for his departure. Additionally, Yunhong Green CTI Ltd. is facing potential delisting from The Nasdaq Capital Market due to non-compliance with the minimum bid price requirement. The company had initially been given a 180-day grace period to rectify the issue, which ended without success. Consequently, Nasdaq granted a second 180-day extension, setting a new compliance deadline for October 19, 2025. Yunhong Green CTI Ltd. has expressed its intent to monitor its stock price closely and may consider a reverse stock split if necessary. The company aims to meet the Nasdaq Listing Rule 5550(a)(2) by achieving a closing bid price of $1.00 or higher for at least 10 consecutive business days. These developments highlight ongoing challenges for the Illinois-based company as it works to maintain its Nasdaq listing.
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