Canadian National (CNI) announced that a new Chairperson and the director nominees listed in the management information circular dated April 5, were elected as directors of CN. Shauneen Bruder was unanimously elected by the board of directors as board chair. Bruder was, until her retirement on October 31, 2019, the Executive Vice-President, Operations at the Royal Bank of Canada (RY) where she was responsible for overseeing operations related to all personal and business clients in Canada. Bruder joined CN's board in 2017.

Resolute Forest Products announced ratification of a four-year collective agreement by Unifor union members at seven of the company's pulp and paper mills in Canada, following an agreement-in-principle reached on May 15. The collective agreements cover approximately 700 hourly employees represented by Unifor at Resolute's Dolbeau; Gatineau; Kenogami; Saint-Felicien and currently indefinitely idled Amos and Baie-Comeau pulp and paper facilities in Quebec; and the Thunder Bay operation in Ontario. The seven mills account for about 50% of the company's total pulp and paper production capacity.

Ideanomics announced that the company received a notice from the staff of Nasdaq stating that because the company has not yet filed its Form 10-Q for the period ended March 31 and because the company remains delinquent in filing its Form 10-K for the period ended December 31, the company is no longer in compliance with Nasdaq Listing Rules for continued listing.

On May 19, the company's Board of Directors approved a new stock repurchase authorization of up to 2.5M shares of its common stock. The new authorization follows the company's recent repurchase of all shares remaining under the Board's previous repurchase authorization.

O2Micro International announced that its board of directors has received an updated preliminary non-binding proposal letter, dated May 20, from FNOF Precious Honour Limited, Sterling Du, the CEO and the Chairman of the Board, and Perry Kuo, the CFO and a director of the company, to acquire all of the outstanding ordinary shares of the company, including shares represented by American depositary shares, each representing 50 shares of the company that are not already owned by the Consortium or otherwise rolled over, for a purchase price of $5.50 per ADS, or 11c per ordinary share in cash. The Proposal Letter updates the preliminary non-binding proposal letter submitted by FNOF to the company on March 14. The Proposal Letter states, among others, that the members of the Consortium have agreed to work exclusively with each other in pursuing the Proposed Transaction and they do not intend to sell their ordinary shares or ADSs to any third party or support any competing bid while remaining a member of the Consortium. As previously announced, the Board had formed a special committee consisting of two independent directors to evaluate the Proposed Transaction, or any alternative strategic option that the company may pursue. The Special Committee will continue to evaluate the Proposed Transaction in light of the latest development.

TOP Ships announced that it has received written notification from Nasdaq, indicating that because the closing bid price of the company's common stock for the last 30 consecutive business days was below $1.00 per share, the company no longer meets the minimum bid price requirement for the Nasdaq, set forth in Nasdaq Listing Rule 5450. Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until November 14. The company intends to monitor the closing bid price of its common stock between now and November 14 and is considering its options, including a reverse stock split, in order to regain compliance with the Nasdaq minimum bid price requirement. The company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. The company intends to cure the deficiency within the prescribed grace period. During this time, the company's common stock will continue to be listed and trade on the Nasdaq. The company's business operations are not affected by the receipt of the notification.