May 23, 2018 / 10:26 AM / 3 months ago

BRIEF-Rockwell Medical Says Independent Directors Determined CEO Termination Not Effective

May 23 (Reuters) - Rockwell Medical Inc:

* ROCKWELL MEDICAL SAYS DETERMINATION OF NON-CONFLICTED INDEPENDENT DIRECTORS WAS THAT CEO TERMINATION WAS NOT EFFECTIVE - SEC FILING

* ROCKWELL MEDICAL - CEO CONTINUES TO SERVE AS CEO CONSISTENT WITH TERMS OF HIS EMPLOYMENT AGREEMENT

* ROCKWELL MEDICAL - CEO THROUGH COUNSEL NOTIFIED SEC OF ACTION TAKEN BY DIRECTORS WHOSE CONDUCT IS DISCUSSED IN DEMAND LETTER

* ROCKWELL MEDICAL INC - INTERNAL INVESTIGATION IS PROCEEDING UNDER TWO NON-CONFLICTED INDEPENDENT DIRECTORS PATRICK BAGLEY AND RONALD BOYD.

* ROCKWELL MEDICAL - INDEPENDENT DIRECTORS HIRED INDEPENDENT COUNSEL TO CONDUCT INTERNAL INVESTIGATION IN RESPONSE TO SHAREHOLDER DEMAND LETTER Source: (bit.ly/2J0cGpb) Further company coverage:

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