Comscore Board Member Departs, Stock Hit Again

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.



Next story loading loading..