The Nadaq stock market has notified prison health company America Service Group that it's not in compliance with the requirements to be a listed company, thanks to the board resignation of John McCauley. McCauley, who served on the company's audit committee, recently left the post to become chief risk officer. As a result, America Service only has two audit committee members, and the Nasdaq requires three.

America Service (Ticker: ASGR) said it plans to add to the committee from its existing board members before the Nasdaq's cure period ends.