07:50 AM EDT, 07/05/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) on Friday said Leslie O'Donoghue will resign from the board immediately as the company seeks to to avoid a contested shareholders' meeting that is scheduled for August 20.

O'Donoghue will resign after it was determined that her action would help facilitate "constructive and good faith discussions" with shareholders who have nominated alternative board members, the company said.

"The Board continues to attempt to seek a resolution with parties who have nominated individuals for election at the upcoming special meeting," said Colleen Moorehead, the board chair. "The board is working tirelessly to find an equitable alternative that avoids a contested shareholder meeting. We are grateful to Leslie for her contributions to the board, and appreciated the informed perspective and depth of experience she brought to our deliberations."