The Trade Desk, Inc. disclosed resignations of directors Alexander Kayyal (March 19, 2026) and Kathryn E. Falberg (March 23, 2026), resulting in non-compliance with Nasdaq Listing Rules 5605(c)(2)(A) and 5605(d)(2)(A) for audit and compensation committees, with a cure period until September 21, 2026. The Board appointed Andrew Vollero as Class II director and Audit Committee member effective April 3, 2026.
Key takeaways
Alexander Kayyal resigned from Board effective March 19, 2026, not due to disagreement.
Kathryn E. Falberg resigned from Board effective March 23, 2026, not due to disagreement.
Nasdaq issued notice of non-compliance on March 25, 2026; cure period to September 21, 2026.
Andrew Vollero appointed to Board and Audit Committee effective April 3, 2026; annual Board pay $50,000, Audit Committee $12,500, initial equity grant $290,000.
Company intends to fill Audit and Compensation Committee vacancies expeditiously.