AGOURA HILLS, Calif.--(BUSINESS WIRE)-- THQ Inc. (NASDAQ:THQI) today announced that it has received notification from NASDAQ that it has regained compliance with the minimum bid price rule for continued listing on The NASDAQ Global Select Market because the bid price of its common stock has closed at $1.00 per share or greater for at least 10 consecutive business days.
THQ also recently announced that Ron Moravek has been appointed Executive Vice President, Production reporting directly to THQ President, Jason Rubin. Moravek joins THQ’s management team as the company is moving quickly to embrace new strategic business models, digitally connected experiences, and a more focused, high-quality game slate.
Moravek has over 14 years of experience in the videogame industry as both a creative development executive and business entrepreneur. Moravek co-founded and was COO of Relic Entertainment where he was a key member of the executive team that negotiated the sale of the studio to THQ in 2004, and served as the studio’s general manager until 2006. Over the next several years Moravek was VP and COO of Electronic Arts, Canada and co-founded and ran two different software companies. Most recently, Moravek served as a senior advisor to NuCaptcha, a cloud-based internet security platform, where he was responsible for developing the go-to-market and business growth strategy for their enterprise platform.
“Ron is an exceptional development executive with unique perspective on the industry from both a creative and business point of view,” said Rubin. “His entrepreneurial experience as well as his ability to drive dynamic teams is a great fit for our strategic objectives. Additionally, Ron’s experience building high-quality products will help us continue to deliver great games and build upon our foundation to innovate digitally in the future.”
Big Titles On The Horizon For THQ
“I am thrilled to be re-joining THQ and to be working with Jason and the development teams around the world to deliver high-quality games and digitally connected experiences,” said Moravek. “There are many exciting changes affecting the videogame industry today, and I look forward to building new games and experiences with Jason and the team at THQ.”
Moravek holds a Bachelor of Arts degree in Liberal Arts and Sciences/Liberal Studies from Wilfrid Laurier University.
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers, wireless devices and the Internet. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at http://www.thq.com/. THQ and its logo are trademarks and/or registered trademarks of THQ Inc.