- Expedia (NASDAQ:EXPE) has named Peter Kern its vice chairman.
- He'll keep serving as a board member, but has resigned from the audit committee.
- In an SEC filing, Expedia notes it's received notice from Nasdaq that that move puts it out of compliance with a rule requiring at least three independent directors on the audit committee.
- It says it will fill the vacancy as expeditiously as possible, though the cure period gives it until the earlier of either the next annual meeting of stockholders or June 20, 2019.