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
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