Two Sidus Space directors resign, citing governance disagreements

Oct 9 (Reuters) - Satellite ‌technology firm ​Sidus ​Space said on Friday two directors had resigned from its board, citing ‌disagreements over governance and management practices.

The company said ⁠it disagreed with the assertions made by the ‌directors in their resignation letters. ‌Here are some details:

• Tiffany Norwood and Kelle Wendling resigned from Sidus Space's board ​effective October 6, according to a regulatory filing.

• Norwood, chair of the audit committee ⁠and a member of the corporate governance and nominating committee, cited "a ​number of concerns and disagreements", including the handling of a confidential complaint brought ​to her and other committee ‌chairs.

• Wendling, a member of the audit, compensation, and corporate governance and ⁠nominating committees, said she resigned after considering matters related to the company's management and governance.

• Sidus ⁠Space included both directors' resignation letters in the regulatory filing.

• "I ​have previously raised concerns regarding these matters through the appropriate Board and committee processes, and those concerns remain ‌unresolved," Wendling said in her letter.

• The company said it had notified ‌Norwood and Wendling of its disclosures and ⁠given them an opportunity ‌to state whether ​they agreed with its response.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Anil ‌D'Silva)

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