NHR blames non compliance on death of Board Member

NHR (AMEX:NHR) announced at 1808 ET on Thursday April 13, 2206 before the long Good Friday weekend that one of its key Board Members had passed away suddenly. The second half of the press release reported that they are now out of compliance with AMEX listing standards in respect of independent directors. The press release was issued a full thirteen days following the death. Deaths are hard and tragic news. Friends, family and co-workers need time for mourning. But this is not the first time a director has suddenly passed away. Corporate Governance should have a contingency plan in place. This stock should not have run afoul of a critical listing requirement from this tragic event.