Top five HoloLens implementations of 2019 to date

Willey Resigns as Director

Microvision Announces Resignation of Inside Director

REDMOND, Wash.--(BUSINESS WIRE)--April 28, 2006--Microvision, Inc. (Nasdaq:MVIS - News), a leader in light-scanning technologies, today announced that it has received a letter from the Nasdaq Stock Market determining that the company has regained compliance with Nasdaq Marketplace Rules requiring it to have a majority of independent directors. Stephen R. Willey, a director since 1995, resigned as a director on April 26, 2006. As the company's President, Marketing & Sales for Asia, Mr. Willey is not an independent director. The company was notified that as a result of the resignation of Dennis J. Reimer, an independent director, on April 10, 2006, the company had not been in compliance with Nasdaq Marketplace Rule 4350(c)(1) requiring it to have a majority of independent directors, and that it has regained compliance with that Nasdaq Marketplace Rule as a result of Mr. Willey's resignation. Mr. Willey will maintain his executive position with the company.

"We want to thank Steve for more than ten years of excellent service as a director," said Alexander Tokman, President and CEO of Microvision. "We are making good progress in evaluating additional independent director candidates."

Nasdaq's Marketplace Rule 4803(a) requires that Microvision make a public announcement of Nasdaq's letter and the Nasdaq rules on which it is based.

Comments