Media-measurement company
Comscore was hit with more negative news: The resignation of one of its board members, Paul J. Reilly.
In an August 12 email sent by Reilly to the company, he said he was resigning
immediately, adding: “I do not believe the company’s go forward operating strategy, in general, is progressing fast enough and specifically in innovation and product
development.”
The filling to the Securities and Exchange Commission was dated August 14. The next day, August 15, Comscore stock closed down 17% to $1.48.
The stock has
tumbled over 92% year-over-year (August 2018 to August 2019) and is down 89% since January 2019.
Reilly had been executive vice president of Arrow Electronics, a provider of electronic
components and computing solutions.
A week ago, on the heels of a wider expected second-quarter 2019 loss, Dale Fuller, CEO of Comscore, told analysts the company has not been happy with its
stock-market performance. He said it was looking at “strategic options.”
In 2016, Comscore had accounting issues, followed by a long re-audit. Earlier this year, two senior
executives -- Bryan Wiener and Sarah Hofstetter -- resigned as CEO and president, respectively.