Northern Technologies director to exit board in 2027
A Northern Technologies International Corporation director plans to step down after the January 15, 2027 annual meeting without any stated disagreement with the company.
Rhea-AI Filing Summary
Northern Technologies International Corporation (NTIC) reported that Board member Sunggyu Lee, Ph.D. has notified the company that he will not stand for re-election to the Board of Directors at the 2027 Annual Meeting of Stockholders, currently scheduled for January 15, 2027. The company states that Dr. Lee’s decision is not based on any disagreement with the company regarding its operations, policies or practices.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
2027 Annual Meeting date: January 15, 2027
Notification date: September 21, 2026
Par value per share: $0.02 per share
+2 more
5 metrics
2027 Annual Meeting date
January 15, 2027
Scheduled date of NTIC’s 2027 Annual Meeting of Stockholders
Notification date
September 21, 2026
Date Dr. Sunggyu Lee notified NTIC he will not stand for re-election
Par value per share
$0.02 per share
Par value of NTIC common stock
Company telephone number
(763) 225-6600
Registrant’s telephone number including area code
ZIP code
55014
ZIP code for NTIC’s principal executive offices in Circle Pines, Minnesota
Key Terms
Annual Meeting of Stockholders, Board of Directors, Emerging growth company, The Nasdaq Stock Market
4 terms
Annual Meeting of Stockholders financial
"he will not stand for re-election to the Company’s Board of Directors at the 2027 Annual Meeting of Stockholders"
Board of Directors financial
"a member of the Board of Directors, of Northern Technologies International Corporation"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
The Nasdaq Stock Market market
"Common stock, par value $0.02 per share | NTIC | The Nasdaq Stock Market"
The Nasdaq Stock Market is an electronic marketplace where investors buy and sell shares of publicly traded companies, often including many technology and growth-oriented firms. It matters because listing there creates a public price, liquidity and regulatory oversight — like a busy public market where buyers and sellers set value — and Nasdaq’s trading systems and listing standards affect how easily investors can trade shares and how companies raise capital.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did NTIC announce regarding Sunggyu Lee, Ph.D.?
NTIC disclosed that Sunggyu Lee, Ph.D., a member of the Board of Directors, notified the company on September 21, 2026 that he will not stand for re-election at the 2027 Annual Meeting of Stockholders.
When is Northern Technologies International (NTIC) holding its 2027 Annual Meeting?
The 2027 Annual Meeting of Stockholders of NTIC is currently scheduled to be held on January 15, 2027.
Did Sunggyu Lee cite any disagreement with NTIC as the reason for not seeking re-election?
No. NTIC states that Dr. Lee’s decision was not based on any disagreement with the company on matters relating to its operations, policies or practices.
What stock exchange lists NTIC’s common stock and under what symbol?
NTIC’s common stock, par value $0.02 per share, is listed on The Nasdaq Stock Market under the trading symbol NTIC.
Who signed the NTIC 8-K reporting this board change?
The report was signed on behalf of Northern Technologies International Corporation by Matthew C. Wolsfeld, who is the company’s Chief Financial Officer and Corporate Secretary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
