Trade Desk receives Nasdaq notice over board committee compliance

The Trade Desk Inc. (NASDAQ: TTD) received a notice of noncompliance from Nasdaq regarding its board committee composition requirements, according to a company statement.

The notice followed the resignation of Kathryn E. Falberg from the company's board of directors on March 24, 2026. Her departure left the audit committee with fewer than the required three independent directors and the compensation committee with fewer than the required two independent directors, violating Nasdaq Listing Rules 5605(c)(2)(A) and 5605(d)(2)(A).

Nasdaq provided the company with a cure period until September 21, 2026, to regain compliance with the committee composition rules. The Trade Desk stated it intends to fill the committee vacancies as quickly as possible, subject to available exceptions under Nasdaq listing requirements.

The company notified Nasdaq of the noncompliance on March 24, 2026, and received the formal notice the following day.

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