Vonage Holdings Corporation (NYSE: VG) just disclosed in an SEC filing something that many investors do not like to see, even if it is in small stocks. The company noted, “John Rego, Executive Vice President, Chief Financial Officer and Treasurer of Vonage Holdings Corp., will be leaving the company later this year.”
The company did note that Rego has agreed to remain in his current positions through the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and the engagement of a new CFO.
Vonage also noted that the terms and conditions of Rego’s departure will be described in an amendment to this Form 8-K after they have been concluded.
In short, Vonage is losing its CFO. Shares closed flat today at $1.60 versus a 52-week range of $0.31 to $2.63. So far there has been no significant after-hours trading activity in the stock.
JON C. OGG
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.