PyroGenesis Canada (TSX: PYR) is down a board member. The firm this morning quietly announced as part of an unrelated announcement that it has seen the resignation of Rodney Beveridge from the firms Board of Directors.
The resignation reportedly was forced by Toronto Dominion Bank, where Beveridge acts as a broker. While the bank had previously provided an exemption to Beveridge to act as a director against company policy, that exemption appears to now be out of play.
As a result, PyroGenesis was “forced to accept the resignation of a very valuable Member of the Board of Directors.” Beveridge had been a member of the firms board since 2020, and served on both the Nominating and Corporate Governance Committee, as well as the Compensation Committee.
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A replacement for the position was not named by the company.
PyroGenesis last traded at $3.16 on the TSX.
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