Autobytel VP and Controller Resigns
Irvine, Calif., On-line car retailer Autobytel Inc.’s VP and controller, Matthew McDowell, has resigned as the company faces a delisting of its shares on Nasdaq next week. The Irvine, Calif.-based company is elbow-deep in a restatement of financial results reaching as far back as 2002. The company missed the deadline for filing last year’s annual report with the Securities and Exchange Commission, which is one of the criteria required by Nasdaq to maintain listing. The company said it could not promise that it would be able to file the necessary documents on time to prevent a delisting.