Parametric Technology ( PMTC) Company Profile: Parametric Technology develops, markets and supports product-development software solutions and related services that help companies design products, manage product information and improve their product development processes. Current Share Price: $21.90 (March 29) Listing Violation: Board independence. The listing rule requires the board of directors to have a majority of members who are independent. Received Nasdaq Notice: March 15 Management's Expected Action: Parametric said the company is conducting a search for an additional member of its board of directors with the intention of appointing the new director "as soon as practicable." After Parametric had an annual meeting of shareholders March 9, the company had an equal number of independent and non-independent directors. The company said it has until Sept. 6 to regain compliance.