Natrol Inc. has been notified that it is not in compliance with a Nasdaq Marketplace rule requiring a majority of independent directors on its board, the company has announced. The Chatsworth-based manufacturer and distributor of branded nutritional products received the notification on June 15. Natrol was not in compliance with Nasdaq rule following the expiration of Vernon Brunner’s term as a member of the board of directors on June 8. Natrol’s board of directors has six members, three of whom are independent as defined under Nasdaq’s listing requirements. The company intends to fill the vacancy as soon as possible to add the third independent director.
